InvestSky Launches Social Trading in Saudi Arabia with anb Capital Partnership

Mohammed Fathy

Last updated 9-02-2026

3 min

InvestSky entered Saudi Arabia after receiving a CMA fintech permit, a rare regulatory approval.

The move is backed by anb Capital in a “first-of-its-kind” Saudi partnership.

A $4m seed round brings total funding to $7,4m for wider market access.

Saudi users gain regulated social trading in US and local equities.

The company sees Saudi as pivotal to “democratising investing” across MENA.

InvestSky, known around the region as MENA’s first social trading platform, has taken another confident step by officially entering the Saudi market. The move follows approval from the Capital Market Authority for a Financial Technology Experimental Permit, a nod that’s no small feat in a tightly regulated space. The expansion is backed by a partnership with anb Capital, one of Saudi Arabia’s established investment houses, in what both sides describe as a first-of-its-kind setup in the Kingdom.

This comes on the heels of a $4 million seed round that drew support from Emkan Capital, Run Ventures, S3 Ventures by Joa Capital, the Al‑Romaizan Family Office, and other regional backers. All told, InvestSky’s funding now stands at $7.4 million. The fresh capital is earmarked for expanding access to markets and polishing the experience for retail investors who have often felt locked out or, at best, served as an afterthought.

For Saudi users, the idea is fairly simple but powerful. Through the tie-up with anb Capital, InvestSky plans to offer social trading in a regulated, cost‑efficient environment, with access to both US and local equities. Social trading, for readers less familiar with it, allows investors to follow and mirror the strategies of more experienced peers, which can be spot on for newcomers trying to find their feet. I’ve seen first-hand how intimidating investing can be across MENA, so this kind of model could save people a lot of head‑scratching… well, at least in theory.

Turki Alalshaikh, co-founder and managing director of InvestSky, said receiving the CMA’s fintech permit was a particularly meaningful milestone given the challenges along the way. He added that partnering with anb Capital could act as a blueprint for future collaborations in the Saudi market, thanking the CMA, Fintech Saudi, investors and partners for their support.

From InvestSky’s side, founder and CEO Nitish Mittal pointed to long-standing pain points for Saudi retail investors, including high entry barriers and limited access to global markets. According to him, the CMA licence and the partnership help change that equation by offering a more intuitive platform that connects users to both local and international opportunities. Saudi Arabia, he noted, is a pivotal market in the company’s wider ambition to democratise investing across MENA — and I reckon he’s right to see it as a make‑or‑break geography.

Khalid Alghamdi, CEO of anb Capital, framed the partnership as a way to encourage responsible fintech innovation within a fully regulated structure. By blending InvestSky’s technology with anb Capital’s regulatory framework and market experience, the aim is to widen investor participation while keeping standards intact.

That said, the real test will be execution. Social trading sounds chuffed to bits on paper, but trust and education matter just as much as slick apps. Still, for readers of Arageek who’ve watched Saudi’s fintech scene gather pace, this expansion feels less like a gamble and more like a calculated, definately timely, bet.

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