Riyadh – Sharikat Mubasher: The Capital Market Authority (CMA) has issued a Fintech Experimentation Permit to Saudi startup Blomal, allowing the company to operate its investment platform in the Kingdom.

In a statement on LinkedIn celebrating the permit, Blomal Capital pledged to provide high-quality investment funds and carefully curated options, offering greater access to private sector opportunities, enhanced diversification, and a professional investment experience aimed at a prosperous and sustainable future.

Blomal offers investors access to opportunities in both public and private funds, including alternative investment funds, with investment units starting from just 1,000 Saudi riyals.

Founded in 2021 by Abdulrahman Akram, Hazefa Alalayan, Munthir Alrehaili, and Bilal Abduljawad, the platform aims to make diversified investments more accessible to Saudi investors.