Nama Ventures, the first foreign venture capital fund to be fully regulated by the Capital Market Authority (CMA), has received official approval from the CMA to begin managing investments in the Kingdom.
This achievement is a key step that shows the company’s long-term dedication to supporting innovation in Saudi Arabia. The approval comes after the company decided to move its main regulatory office to Saudi Arabia.
This move aligns with Saudi Arabia’s growing investment climate and strong regulatory system. With the approval letter from the Authority Nama Ventures has met all the requirements and is now officially licensed to operate as a Saudi investment firm.
His Royal Highness Prince Fahd bin Sultan bin Fahd Al Saud, Chairman and General Partner of Nama Ventures, believes that the company getting the license shows the significant economic and regulatory changes happening in Saudi Arabia. “Vision 2030 is turning the Kingdom into a growing global center for innovation, investment, and entrepreneurship. This achievement puts growth at the center of this fast-moving progress.”
Mohammed Al-Zoubi, co-founder and managing partner at Nama Ventures, said that this approval is not just about the company; it shows a strong commitment to supporting the Kingdom’s forward-thinking vision.
NAMA Ventures will keep launching its main funds and other Shariah-compliant investment options, focusing on high-growth startups in Saudi Arabia, the Middle East, North Africa, and specific international markets.
The company’s local setup is aimed at strengthening partnerships with institutional and government investors while also offering more value to founders who are looking for a trusted investment partner.
Read also – DEG, Proparco, and Standard Chartered Commit $60M to Support Solar Energy Project in Indonesia
