Riyadh - Sharikat Mubasher: Barq Group, the parent company behind the barq platform, signed an agreement with Beyon, a global technology group providing people and businesses with best-in-class connectivity and digital solutions, to integrate Beyon Money’s operations with barq’s fast-growing fintech platform.

The agreement was signed during FinTech Forward 2026 in the presence of Abdulla Al Khalifa, chairman of Beyon Group, and Ahmed Alenazi, founder and chief executive officer of barq, as well as senior executives from both organizations, the company announced in a recent press release.

Under this collaboration, Beyon Money customers can continue to use their accounts and services as usual and, over time, will benefit from barq’s growing platform, capabilities, and reach.

"Beyon Money is a strong example of how we build and develop digital businesses with the potential to create long-term value,” said Al Khalifa.

In turn, Mohamed Alsabea, chief of staff and chief strategy officer at Beyon, commented: "Beyon Money’s licenses give us a regulated foundation to build on in new markets, and this transaction marks an important step in barq’s growth.”

Subject to completing final documentation, relevant regulatory approvals, and customary closing conditions, Beyon Money will become part of barq, and Beyon will retain an economic interest in barq.