Solowin Holdings shares rise 2.27% premarket after entering Saudi market for Web3 and data infrastructure.

Solowin Holdings rose 2.27% in premarket trading, driven by the company's announcement that its USD-denominated fund, Solomon Capital SP, has entered a Memorandum of Understanding (MOU) with CITIC Contracting Company to co-develop next-generation digital infrastructure in Saudi Arabia. This collaboration aims to bridge the gap between the private real estate market and investor demand for diversified yield-generating alternatives, aligning with Solowin's recent Web3 finance initiatives.