Saudi Arabia’s Public Investment Fund (PIF) has launched Tasama Business Services Company, a wholly owned subsidiary established to strengthen the Kingdom’s integrated business services sector and drive growth across both public and private entities.

Tasama was formed through the merger of BIAC, formerly part of the Saudi Technology Development and Investment Company (TAQNIA), and PIF’s Shared Services Center. It will serve as a national provider of comprehensive, end-to-end business solutions.

The company will offer various services, including accounting, human resources, procurement support, digital tools, incubator management, and workspace services. These offerings aim to empower startups and support international companies operating in Saudi Arabia. As part of its national expansion strategy, Tasama plans to extend its presence across the Kingdom, in line with PIF’s broader Vision 2030 objectives to diversify the economy and strengthen the role of the private sector.

“The company seeks to advance business services as a strategic sector in the Kingdom, and to contribute effectively to supporting economic diversification by providing support to strategic sectors,” said Mohammed bin Nasser Al-Jasser, CEO of Tasama.

Al-Jasser affirmed the company’s commitment to “fostering innovation, empowering Saudi talent, and enhancing national competencies,” building on the legacy of BIAC’s contributions to both public and private sector partnerships.

He further emphasized Tasama’s ambition to transform the business services sector, positioning the company as a key partner in shaping its future and advancing its continued development. The initiative also aims to support the growth of Saudi Arabia’s tech ecosystem and broader commercial landscape.

The launch of Tasama Business Services Company comes as the Public Investment Fund surpasses $1 trillion in assets, a significant milestone that highlights its growing influence on the global stage.