CODIX Opens New Subsidiary in Saudi Arabia
CODIX, a global software provider for commercial and asset finance, has announced the opening of its new subsidiary in Saudi Arabia which complements CODIX Middle East in Dubai and confirms its long-term commitment to the region.
The new presence enables CODIX to work more closely with local financial institutions, supporting their growth with technology tailored to regional market and regulatory requirements.
At the core of CODIX’s offering is its iMX platform, built on the convergence of commercial and asset finance products within a single system. Covering Commercial Finance, Supply Chain Finance (SCF), Trade Finance, Equipment Finance, Car Finance, Real Estate Finance, Credit Insurance, and Debt Collections, iMX replaces fragmented architecture with a unified data model and end-to-end lifecycle management. This approach helps institutions streamline operations, improve transparency, and accelerate time-to-market. The platform is also Shariah-compliant, supporting institutions operating under Islamic finance principles.
Designed for flexibility, the platform supports multi-entity, multi-product, multicurrency, and multi-lingual environments, making it suitable for both local operations and international deployments. Its web-based interface connects buyers, suppliers, and partners, enabling efficient onboarding and more seamless customer journeys.
“With our new presence in Saudi Arabia, we are closer to our clients and partners in the region,” said Laurent Tabouelle, COO of CODIX Group. “We look forward to supporting the Kingdom’s dynamic financial sector with scalable, future-ready technology.”
"Saudi Arabia’s financial sector is evolving at an unprecedented pace, and the institutions driving this growth require technology that matches the scale of their ambitions. The Kingdom’s financial ecosystem is being reshaped by regulatory advancement, rising demand for sophisticated infrastructure, and a clear push toward innovation, and that creates a compelling environment for a company like CODIX, whose platform is built precisely for this level of complexity," said Fouad Fattal, Vice President, Commercial at AstroLabs.
CODIX’s iMX solution is used by more than 50,000 users across 50+ countries and is available in 28 languages. The company is certified to ISO 9001:2015 and ISO 27001:2022 standards, has earned an EcoVadis Silver rating, and is soon to achieve confirmed SOC 2 compliance.
Source: CODIX