The Capital Market Authority (CMA) has officially licensed Hamah to engage in investment management and fund operation activities in Saudi Arabia, marking a new entrant into the Kingdom’s fast-evolving financial sector.
The license, numbered 32-24296, was granted on October 21, 2024, and the company commenced operations following a formal CMA resolution on May 8, 2025.
Led by CEO Abdulilah Al-Saab, a seasoned investment executive with over 17 years of experience managing real estate investment funds across top-tier Saudi financial institutions, Hamah positions itself as a full-spectrum asset management firm.
The company will initially focus on creating and managing a diverse range of investment vehicles, including:
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- Real Estate Investment Funds (REIFs)
- Private Equity Funds
- Structured Finance Products
Hamah’s approach centers on customized portfolio strategies aligned with client-specific objectives and risk profiles, with a view to enhancing returns and long-term value.
Hammah: Investment Banking and Advisory Services in the Pipeline
Looking ahead, Hamah is setting the stage for a broader expansion into investment banking and financial advisory services, as part of its long-term strategic roadmap. Planned offerings include:
- Public and private offering advisory
- IPO management
- Mergers and acquisitions (M&A)
- Corporate restructuring and valuations
- Capital raising and financing arrangements
On the advisory side, Hamah will offer a suite of market research, wealth management, feasibility studies, and financial planning solutions to institutional and high-net-worth clients.
The firm’s entry aligns with Saudi Arabia’s Vision 2030 push to deepen and diversify its capital markets, foster innovation in financial services, and enhance investor participation across asset classes.
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