CODIX Expands to Saudi Arabia with AstroLabs, Strengthening Presence in the Middle East
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. This strategic move was facilitated by AstroLabs, the Gulf’s leading business setup and growth platform.
The new presence enables CODIX to work more closely with local financial institutions, supporting their growth with technology tailored to regional markets 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.
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For media inquiries, please contact:
Lara Fakih, Director of Communications at AstroLabs ([email protected])
Luiza Buserska, Corporate Communications Executive at CODIX ([email protected])
About CODIX
CODIX is the global software company behind iMX, an enterprise management platform that brings commercial and asset finance products together within a single system. CODIX is the global software company behind iMX, the enterprise management platform that brings commercial and asset finance products together within a single system. The all-in-one platform, iMX, enables financial institutions of all sizes to manage the full lifecycle of commercial/SCF/assets finance operations within a single unified environment. iMX supports both traditional finance and Islamic finance with the necessary strict delimitation between both. Built on an API-first architecture, iMX integrates seamlessly with core banking systems, digital channels, data & service providers, and third-party platforms, supporting modern and connected lending ecosystems. The platform is highly configurable and adapts easily to each institution’s products and workflows.
Learn more about CODIX and its solutions at: www.codix.eu
About AstroLabs
AstroLabs is the Gulf’s leading business expansion platform and a long-standing partner for international companies expanding into Saudi Arabia and the UAE. Since 2013, AstroLabs has supported more than 2,000 expansions across the Gulf, including 1,000+ into Saudi Arabia.
AstroLabs helps global and regional companies set up, operate, and scale in Saudi Arabia and the wider region, simplifying the path from market entry to full operation so businesses can stay focused on growth. With 100+ team members and a network of 20,000+ leaders, AstroLabs combines on-the-ground execution, sector depth, and market access to support companies as they enter and grow in the Gulf.