Middle East’s Biggest Unicorns: 10 Startups Valued at $1 Billion and Above
Sep 23, 2026 | By Nguyen Minh
Follow us
Follow usThe Middle East has emerged as an important startup hub, producing billion-dollar companies across fintech, e-commerce, real estate, food technology, quick commerce and deep tech.
The latest list of the Middle East’s biggest unicorns includes companies from the UAE, Saudi Arabia and Egypt. Noon leads the group with a valuation of about $10 billion, followed by fintech company Tabby at $4.5 billion.
Here is a look at the 10 companies featured in the list and their latest publicly reported valuations.
Top 10 Biggest Unicorns in the Middle East
| Company | Country | Valuation |
| Noon | UAE/Saudi Arabia | About $10 billion |
| Tabby | Saudi Arabia | $4.5 billion |
| Property Finder | UAE | About $2 billion |
| Kitopi | UAE | $1.5 billion |
| Ninja | Saudi Arabia | About $1.5 billion |
| MNT-Halan | Egypt | $1.4 billion |
| Dubizzle Group | UAE | About $1.4 billion |
| XPANCEO | UAE | $1.35 billion |
| Tamara | Saudi Arabia | $1 billion |
| Fasset | UAE | $1 billion |
1. Noon – About $10 Billion
Noon is the highest-valued company on the list, with a valuation of about $10 billion.
Founded in 2016, Noon has grown into a major digital commerce platform in the Middle East. Its operations cover e-commerce, grocery and food delivery, with a strong presence in Saudi Arabia, the UAE and Egypt.
The company has become one of the region’s best-known technology businesses as online shopping and digital services have expanded across the Gulf.
2. Tabby – $4.5 Billion
Saudi Arabia-based fintech company Tabby has a reported valuation of $4.5 billion.
RECOMMENDED FOR YOU
Tabby provides flexible payment and financial services to consumers, including buy now, pay later options. The company works with thousands of brands and merchants across the region.
Its latest reported valuation followed a secondary share sale in 2025, making Tabby one of the most highly valued fintech startups in the Middle East.
3. Property Finder – About $2 Billion
Property Finder is a Dubai-based digital real estate platform with a reported valuation of around $2 billion.
The company connects property buyers and renters with real estate agents and property listings through its online platform.
Property Finder operates across several markets in the Middle East and has built a significant position in the region’s digital property market.
4. Kitopi – About $1.5 Billion
Dubai-based Kitopi operates in food technology and hospitality.
The company initially became known for its managed cloud kitchen model, helping restaurants operate delivery-focused kitchens. It later expanded its business into restaurant operations and food brands.
Kitopi reached unicorn status through its funding rounds and has previously reported a valuation of around $1.5 billion.
5. Ninja – About $1.5 Billion
Saudi Arabia-based quick-commerce startup Ninja is valued at about $1.5 billion.
The company provides rapid delivery of groceries, household products and other everyday essentials. Its growth reflects the increasing demand for digital grocery and quick-commerce services across the Gulf.
Ninja reached unicorn status after raising around $250 million in funding in 2025.
6. MNT-Halan – $1.4 Billion
Egypt’s MNT-Halan is one of the region’s major fintech companies, with a reported valuation of $1.4 billion.
The company provides a range of financial services, including digital payments, lending and other financial products through its technology platform.
MNT-Halan’s unicorn status also highlights Egypt’s growing role in the Middle East and North Africa startup ecosystem.
7. Dubizzle Group – About $1.4 Billion
Dubizzle Group is a UAE-based digital classifieds company operating across areas including property, automobiles and consumer goods.
The company has developed online marketplaces that connect buyers and sellers across the region.
Dubizzle Group was valued at around $1.4 billion following a funding round, placing it among the Middle East’s billion-dollar technology companies.
8. XPANCEO – $1.35 Billion
UAE-based XPANCEO represents the deep-tech segment of the region’s startup ecosystem.
The company is developing smart contact lens technology designed to combine computing, extended reality, artificial intelligence and health-related applications.
XPANCEO became a unicorn after raising $250 million in Series A funding at a $1.35 billion valuation.
Its valuation places the company among the most highly valued emerging deep-tech startups in the region.
9. Tamara – $1 Billion
Saudi fintech company Tamara has a reported valuation of $1 billion.
The company is known for its buy now, pay later services, allowing consumers to split payments when shopping with participating merchants.
Tamara reached unicorn status after raising $340 million in Series C funding in 2023. It has since expanded its financial services business and strengthened its presence in Saudi Arabia and other regional markets.
10. Fasset – $1 Billion
Fasset is another billion-dollar company featured in the list, with a reported valuation of $1 billion.
The company operates in digital financial infrastructure and focuses on areas including stablecoins, tokenisation and cross-border financial services.
Fasset announced a $68 million Series C round led by Japan’s SBI Group at a $1 billion valuation in 2026.
The company has said it is using the funding to expand its technology and financial infrastructure business across international markets.
What Is Driving the Middle East’s Unicorn Growth?
The companies on the list operate in different industries, showing how the Middle East startup ecosystem has expanded beyond traditional technology businesses.
Fintech is one of the strongest sectors, with Tabby, MNT-Halan, Tamara and Fasset all building billion-dollar businesses around financial services and digital payments.
E-commerce is represented by Noon, while Property Finder and Dubizzle Group have built large digital marketplaces. Kitopi and Ninja represent the growth of food technology and quick commerce.
Meanwhile, XPANCEO highlights the region’s increasing interest in deep technology and next-generation computing.
Saudi Arabia and the UAE remain important startup hubs, supported by growing digital adoption, investment activity and government-backed initiatives aimed at developing technology-driven economies. Egypt also continues to produce large technology companies, with MNT-Halan representing one of the country’s major startup success stories.
Middle East Unicorns: Key Takeaways
The latest list shows that the Middle East has produced unicorns across a wide range of sectors.
Noon leads the list at about $10 billion, while Tabby follows at $4.5 billion. Several other companies, including Property Finder, Kitopi, Ninja, MNT-Halan and Dubizzle Group, have reached valuations above $1 billion.
The presence of companies from e-commerce, fintech, real estate, food technology, quick commerce and deep tech also shows the diversity of the region’s startup ecosystem.
These valuations are based on publicly reported funding rounds, secondary transactions or company announcements and can change when companies raise new capital or complete new share transactions.
Recommended Stories for You
Nguyen Minh Dec 26, 2025
Yan li Jan 2, 2026
Team SR Jan 3, 2026
Yan li Jan 2, 2026
Yan li Jan 3, 2026
Yan li May 22, 2026
Trending Stories
CarTrade Tech Reports 28% Revenue Growth and 6x Profit Surge in FY25
Asia will be next digital nation, experts say at Binary Summit
Top 10 Strongest Currency in Asia 2025
Best Startup Industries In 2026
Equinix Expands Malaysia’s Presence with KL1 Data Center Upgrade
What is a vision statement of a Company
Potato Corner Franchise in 2025 – Cost, Profit, Requirements, Review
China lifts ban on Boeing deliveries after Trump’s tariff deal