• Nama Ventures receives CMA approval, officially launching its investment operations from a new regulatory base in Saudi Arabia.
• The move reflects Saudi Arabia’s evolving regulatory landscape and Nama’s long-term commitment to the Kingdom’s entrepreneurial ecosystem.
• With local licensing secured, Nama will roll out flagship and Shariah-compliant funds targeting startups across Saudi, MENA, and beyond.

Nama Ventures

What is happening? Nama Ventures received formal approval from the Capital Market Authority (CMA) to commence its investment management operations in the Kingdom. 

This approval comes after the firm’s decision to relocate its regulatory base to Saudi Arabia in addition to its base in the Cayman Islands. 

After the issuance of the CMA commencement letter, the venture capital firm successfully completed all regulatory requirements. Thus, it  is now licensed to operate as a Saudi-based investment firm.

Mohammed Alzubi, Founder and Managing Partner of Nama Ventures said, “This letter ismore than a regulatory approval; it represents our deep-rooted commitment to Saudi Arabia’s entrepreneurial vision.”

Who are they? Nama Ventures is an early stage venture capital fund focused on fueling innovation in the MENA region.

Investment

Why does this matter? This step aligns its operations with the Kingdom’s evolving investment environment and regulatory framework. 

 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.”

What’s next? The firm aims to continue the launch of its flagship funds, alongside a suite of Shariah-compliant vertical investment vehicles. This is in order to target high-growth startups across Saudi Arabia, the MENA region, and selected international markets.

It also expects to deepen its engagement with institutional and sovereign investors. in addition, it aims to enhance its value to founders through founder-first value add capital.