InvestSky, the MENA region’s first social trading platform, has officially expanded into Saudi Arabia after receiving approval from the Capital Market Authority (CMA) under its Financial Technology Experimental Permit.
This expansion is part of InvestSky’s regional growth plans and is supported by a first-of-its-kind partnership with anb Capital, one of Saudi Arabia’s leading investment firms.
The Saudi launch comes after a $4 million seed funding round, backed by investors such as Emkan Capital, Run Ventures, S3 Ventures (by Joa Capital), and the Al-Romaizan Family Office. This brings InvestSky’s total funding to $7.4 million, which will be used to improve access to investing for underserved retail investors across the region.
With this approval, InvestSky can now offer social trading services designed for the Saudi market. Through its partnership with anb Capital, the platform combines easy-to-use, social investing features with strong regulatory support, allowing Saudi investors to access both U.S. and local stocks in a safe, regulated, and cost-effective way.
“This is an exciting milestone for InvestSky as we receive the CMA Fintech Experimental Permit. The journey hasn’t been easy, which makes this achievement even more meaningful. We’re especially proud to partner with a leading institution like anb Capital. This is the first model of its kind in Saudi Arabia, and we hope it serves as a blueprint for future collaborations. We extend our gratitude to all stakeholders involved: CMA, anb Capital, our investors and Fintech Saudi for their trust and support,” said Turki Alalshaikh, Co-Founder and Managing Director of InvestSky.
“Retail investors in Saudi Arabia have had limited access to global markets, high barriers to entry, and few platforms built for their needs,” said Nitish Mittal, Founder and CEO of InvestSky. “Our CMA licence and partnership with anb Capital change that equation. We’re giving Saudi investors seamless access to both global and local markets through an intuitive and accessible platform. Saudi Arabia is a pivotal step in our mission to democratise investing across MENA.”
“This partnership reflects our commitment to enabling responsible fintech innovation within a fully regulated framework. By combining InvestSky’s technology with anb Capital’s regulatory infrastructure and market experience, we are supporting broader investor participation while maintaining the standards expected of the Saudi capital market,” said Khalid Alghamdi, CEO of anb Capital.
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