Nama Ventures secures CMA license to operate as fully regulated VC in Saudi Arabia

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Here are the main bullet points summarizing the information:

  • Regulatory Approval: Nama Ventures Capital Co., a Saudi-based firm, has received approval from the Capital Market Authority (CMA) to begin investment management in Saudi Arabia, marking it as one of the first foreign venture capital firms fully licensed under Saudi law.

  • Strategic Relocation: The firm has relocated its regulatory base from the Cayman Islands to Saudi Arabia to align with the Kingdom’s Vision 2030 and evolving investment ecosystem.

  • Fund Launch and Focus: Nama Ventures aims to launch flagship funds and Shariah-compliant investment vehicles focused on high-growth startups in Saudi Arabia, the MENA region, and selected global markets.

  • Commitment to Innovation: Leadership of Nama Ventures emphasizes their commitment to supporting Saudi Arabia’s entrepreneurial vision and enhancing its involvement in the local innovation ecosystem.

  • Engagement with Investors: The firm’s localized structure is designed to strengthen collaborations with institutional and sovereign investors, providing valuable capital solutions for founders.

  • 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, Nama Ventures 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 Nama Ventures 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.

Press release:

Nama Ventures Capital Co., one of the first foreign venture capital firms to become fully regulated under Saudi Capital Markets law, has received formal approval from the Capital Market Authority (CMA) to commence its investment management operations in the Kingdom. The milestone marks a significant strategic step as the firm reinforces its long-term commitment to the Saudi innovation ecosystem. 

The approval follows the firm’s decision to relocate its regulatory base to Saudi Arabia in addition to its base in the Cayman Islands. This step aligns its operations with the Kingdom’s evolving investment environment and regulatory framework. With the issuance of the CMA commencement letter, Nama Ventures has successfully completed all regulatory requirements and is now licensed to operate as a Saudi-based investment firm. 

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. “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.” 

Nama Ventures Capital Co. 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. 

The firm’s localised structure is expected to deepen engagement with institutional and sovereign investors while enhancing its value to founders seeking trusted, founder-first value-add capital.

Here’s a summary of the funds, investors, startup details, founders, and fundraising series related to Nama Ventures Capital Co.:

Company Overview:

  • Name: Nama Ventures Capital Co.
  • Location: Saudi Arabia

Founders:

  • Mohammed Alzubi: Co-founder and Managing Partner
  • HRH Sultan Bin Fahad Bin Salman Al Saud: Chairman of the Board and General Partner

Regulatory Approval:

  • Received approval from the Capital Market Authority (CMA) to begin investment management operations, making it one of the first foreign venture capital firms fully licensed under Saudi capital markets law.

Investment Focus:

  • Targeting high-growth startups across:
    • Saudi Arabia
    • MENA region
    • Selected global markets
  • Plans to launch Shariah-compliant investment vehicles and flagship funds

Investors:

  • Plans to deepen collaboration with:
    • Institutional investors
    • Sovereign investors

Strategic Vision:

  • Aligns with Vision 2030 to transform Saudi Arabia into a global hub for innovation, investment, and entrepreneurship.

Fundraising Series:

  • Currently unspecified in the provided text, but plans to launch flagship funds and Shariah-compliant vertical investment vehicles.

Key Quotes:

  • HRH Sultan Bin Fahad Bin Salman Al Saud: Emphasizes the regulatory and economic transformation under Crown Prince Mohammed bin Salman.
  • Mohammed Alzubi: Highlights the commitment to the entrepreneurial vision of Saudi Arabia.

This summary encapsulates the key stakeholders and focus areas of Nama Ventures Capital Co., along with its regulatory milestones.

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Could you please provide more context or specify which deal you’re referring to?

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