The CEO of the unicorn Papaya Global Eynat Guez, who previously called on high-tech companies to take their money out of Israel following the legal reform, will speak at the World Fintech Show to be held in December in Saudi Arabia - according to a publication in Calcalist.
The article also stated that according to an estimate, Guez will meet senior officials in the Saudi financial sector there, and during 2024 it is expected to receive a license to transfer money in Saudi Arabia.
As a reminder, last January Guez tweeted on her Twitter ('X') account: "Following Prime Minister Netanyahu's statements that he is determined to pass reforms that will harm democracy and the economy, we made a business decision at Papaya Global to withdraw all of the company's funds from Israel, in the emerging reform, there is no certainty that we can conduct activities Internationally economically from Israel, this is a painful but necessary business step."
In another interview she gave, she said: "It is my right and even my duty to transfer the money to banks in democratic countries." According to Guez, it seems that Saudi Arabia is more democratic than Israel.
Guez joins other Israeli officials who are planning to fly to Saudi Arabia in preparation for the warming of relations. Yesterday, Tourism Minister Haim Katz landed in the Saudi Kingdom, and next week Communications Minister Shlomo Karahi is also expected to visit the country.
