- Saudi Arabia-based Nama Ventures Capital Co. has received regulatory approval from the Capital Market Authority (CMA) to commence investment management operations in the Kingdom.
- Co-founded by Mohammed Alzubi and chaired by HRH Sultan Bin Fahad Bin Salman Al Saud, Nama Ventures is among the first foreign venture capital firms to become fully licensed under Saudi capital markets law. The firm, originally registered in the Cayman Islands, has now established its regulatory base in Saudi Arabia to align with the Kingdom’s evolving investment ecosystem under Vision 2030.
- The approval will enable Nama Ventures to launch its flagship funds and Shariah-compliant investment vehicles, targeting high-growth startups across Saudi Arabia, the MENA region, and select global markets while deepening its collaboration with institutional and sovereign investors.
Press release:
Nama Ventures Capital Co., one of the first foreign venture capital firms to become fully regulated under Saudi Capital Markets law, has received formal approval from the Capital Market Authority (CMA) to commence its investment management operations in the Kingdom. The milestone marks a significant strategic step as the firm reinforces its long-term commitment to the Saudi innovation ecosystem.
The approval follows the firm’s decision to relocate its regulatory base to Saudi Arabia in addition to its base in the Cayman Islands. This step aligns its operations with the Kingdom’s evolving investment environment and regulatory framework. With the issuance of the CMA commencement letter, Nama Ventures has successfully completed all regulatory requirements and is now licensed to operate as a Saudi-based investment firm.
HRH Sultan Bin Fahad Bin Salman Al Saud, Chairman of the Board, General Partner at Nama Ventures, commented: “Nama Ventures’ licensing milestone is a reflection of the profound regulatory and economic transformation unfolding in the Kingdom under the leadership of His Royal Highness Crown Prince Mohammed bin Salman. Vision 2030 continues to turn Saudi Arabia into a thriving global hub for innovation, investment, and entrepreneurship—and this achievement places Nama Ventures at the heart of that momentum.”
Mohammed Alzubi, Founder and Managing Partner of Nama Ventures. “This letter is more than a regulatory approval; it represents our deep-rooted commitment to Saudi Arabia’s entrepreneurial vision. We are proud to be fully ‘on the ground’, regulated, and aligned with the future of venture capital in the region.”
Nama Ventures Capital Co. will continue the launch of its flagship funds, alongside a suite of Shariah-compliant vertical investment vehicles, targeting high-growth startups across Saudi Arabia, the MENA region, and selected international markets.
The firm’s localised structure is expected to deepen engagement with institutional and sovereign investors while enhancing its value to founders seeking trusted, founder-first value-add capital.
