Riyadh - Sharikat Mubasher: Nama Ventures Capital, one of the first foreign venture capital firms to become fully regulated under Saudi Capital Markets law, received formal approval from the Saudi Capital Market Authority (CMA) to launch its investment management operations in the Kingdom.

Nama Ventures emphasized in a recent statement that this milestone represents a significant strategic step and reinforces its long-term commitment to the Saudi innovation ecosystem.

The approval follows the company’s decision to relocate its regulatory base to Saudi Arabia in addition to its base in the Cayman Islands.

With the issuance of the CMA commencement letter, Nama Ventures successfully completed all regulatory requirements and is now licensed to operate as a Saudi-based investment company.

Mohammed Alzubi, Founder and Managing Partner of Nama Ventures, commented: “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.”

For his part, Sultan Bin Fahad Bin Salman Al Saud, Chairman of the Board and General Partner at Nama Ventures, affirmed that receiving approval from the CMA reflects the profound regulatory and economic transformation unfolding in the Kingdom.“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,” he added.

Nama Ventures 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.