InvestSky, MENA’s first social trading platform, has expanded into the Saudi market following the approval of its Financial Technology Experimental Permit from the Capital Market Authority (CMA).
The move comes as part of InvestSky’s regional growth strategy and is supported by a first-of-its-kind partnership with anb Capital, one of the Kingdom’s leading investment firms.
The Saudi expansion follows a $4 million seed round, backed by Emkan Capital, Run Ventures, S3 Ventures (by Joa Capital), Al-Romaizan Family Office, and other prominent regional investors, bringing the total funding to $7.4 million.
The investment will be used to broaden market access and enhance the investing experience for underserved retail investors across the region.
This milestone enables InvestSky to offer social trading services tailored to the Saudi market. Through its partnership with anb Capital, a regional first of its kind, the platform combines intuitive, social-first investing with robust regulatory infrastructure, giving Saudi-based investors seamless access to both U.S. and local equities in a cost-efficient and regulated environment.
Turki Alalshaikh, Co-Founder and Managing Director of InvestSky, said that, “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,” Alalshaikh added.
Khalid Alghamdi, CEO of anb Capital, noted that, “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.”
