Riyadh – Sharikat Mubasher: Saudi-based Pinnacle Growth & Secondary Fund has invested in automotive commerce platform Carly through a transaction involving both primary and secondary shares. The financial terms were not disclosed.

As per Pinnacle’s announcement on LinkedIn, this investment is part of Pinnacle’s strategy of backing growth-stage companies through flexible investment structures that combine new capital with purchases of existing shares.

Carly operates a digital automotive commerce platform in Saudi Arabia, serving customers and facilitating vehicle transactions through its online platform. The company aims to strengthen its position in the Kingdom’s growing automotive market.

Pinnacle said the investment will support Carly’s next stage of growth and help expand its presence in Saudi Arabia. It also expects the deal to contribute to the development of the Kingdom’s technology and mobility ecosystem.

Pinnacle Capital is a Riyadh-based Saudi investment company licensed by the Capital Market Authority to conduct investment management and securities arranging activities.