SBI Holdings, Inc. has agreed a Memorandum of Understanding for potential business alliance with Aramco, in December 2023. It announced that at the signing ceremony focusing on corporate agreements between Japan and Saudi Arabia held May 21, 2024, the Company and Aramco have signed the MoU and will proceed with the business alliance which has been in preparation for a long time. Based on the MoU, SBI Holdings and Aramco will consider a business alliance in the areas described below.

Collaboration in the field of digital assets and co-investments leveraging both parties' investment portfolios related to digital assets. Identifying Japanese startups in the digital asset field which have interests in expanding their business in Saudi Arabia and supporting their entry and growth. Launching various specific projects related to investments in the semiconductor field, including establishment of factories in both Japan and Saudi Arabia.

The scope of the alliance may be expanded upon agreement between the Company and Aramco.