Saudi Arabia-based Nama Ventures Capital Co. has received regulatory approval from the Capital Market Authority (CMA) to commence investment management operations in the Kingdom.
Co-founded by Mohammed Alzubi and chaired by HRH Sultan Bin Fahad Bin Salman Al Saud, this VC is among the first foreign venture capital firms to become fully licensed under Saudi capital markets law.
The firm, originally registered in the Cayman Islands, has now established its regulatory base in Saudi Arabia to align with the Kingdom’s evolving investment ecosystem under Vision 2030.
The approval will enable it to launch its flagship funds and Shariah-compliant investment vehicles, targeting high-growth startups across Saudi Arabia, the MENA region, and select global markets while deepening its collaboration with institutional and sovereign investors.
How Nama Ventures is Deepening Commitment to Saudi’s Entrepreneurial Vision
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.
“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.”
Mohammed Alzubi, Founder and Managing Partner of Nama Ventures, stated: “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.”
With the CMA license secured, Nama Ventures is poised to continue its mission of fueling innovation in the MENA region, particularly in Saudi Arabia, by providing founder-first, value-add capital to early-stage technology startups.
