Nama Ventures becomes first foreign VC licensed by Saudi CMA
Originally Cayman-based, Nama has now localised its regulatory base to align with Vision 2030 and will launch Shariah-compliant funds targeting high-growth startups across Saudi, MENA, and select global markets.
Jamie Lane
May 09, 2025
📈 Nama Ventures, co-founded by Mohammed Alzubi and chaired by HRH Sultan Bin Fahad Bin Salman Al Saud, has received Capital Market Authority (CMA) approval to operate as a fully licensed investment manager in Saudi Arabia – becoming one of the first foreign VC firms to do so under Saudi capital markets law.
Originally Cayman-based, Nama has now localised its regulatory base to align with Vision 2030 and will launch Shariah-compliant funds targeting high-growth startups across Saudi, MENA, and select global markets.