InvestSky, a MENA-based social trading platform, has officially expanded into Saudi Arabia after receiving a Financial Technology Experimental Permit from the Capital Market Authority (CMA), marking its entry into one of the region’s largest financial markets.
The expansion is supported by a partnership with anb Capital, one of Saudi Arabia’s leading investment firms, which the company described as a first-of-its-kind collaboration between a social trading platform and a regulated capital markets institution in the Kingdom.
The Saudi market entry follows a $4 million seed funding round backed by Emkan Capital, Run Ventures, S3 Ventures (by Joa Capital), Al-Romaizan Family Office, and other regional investors, bringing InvestSky’s total funding to $7.4 million. The company said the new capital will be used to expand market access and improve investment services for retail investors across the region.
Through the CMA permit and the partnership with anb Capital, InvestSky will offer regulated social trading services tailored to the Saudi market, enabling access to both U.S. and local equities within a compliant investment framework.
“This is an exciting milestone for InvestSky as we receive the CMA Fintech Experimental Permit. The journey hasn’t been easy, which makes this achievement even more meaningful. We’re especially proud to partner with a leading institution like anb Capital. This is the first model of its kind in Saudi Arabia, and we hope it serves as a blueprint for future collaborations. We extend our gratitude to all stakeholders involved: CMA, anb Capital, our investors and Fintech Saudi for their trust and support,” said Turki Alalshaikh, Co-Founder and Managing Director of InvestSky.
“Retail investors in Saudi Arabia have had limited access to global markets, high barriers to entry, and few platforms built for their needs,” said Nitish Mittal, Founder and CEO of InvestSky. “Our CMA license and partnership with anb Capital change that equation. We’re giving Saudi investors seamless access to both global and local markets through an intuitive and accessible platform. Saudi Arabia is a pivotal step in our mission to democratize investing across MENA.”
“This partnership reflects our commitment to enabling responsible fintech innovation within a fully regulated framework. By combining InvestSky’s technology with anb Capital’s regulatory infrastructure and market experience, we are supporting broader investor participation while maintaining the standards expected of the Saudi capital market,” said Khalid Alghamdi, CEO of anb Capital.
