Saudi Arabia's CMA Licenses Sukuk Capital to Manage Investments and Operate Funds

Saudi Arabia's Capital Market Authority has licensed Sukuk Capital to conduct managing investments and operating funds activity in the securities business, The future of trading reported on November 1, 2026. The licensing covers both managing investments and operating funds activities.

What the CMA License Covers

The Capital Market Authority authorization allows Sukuk Capital to manage investments and to operate funds within the securities business. The regulator's notice names both activities as the scope of the license.

Sukuk Capital is a Saudi Arabia-based, CMA-licensed fintech platform that connects SMEs seeking Sharia-compliant sukuk financing, at SAR 10M-30M per issuer, with retail investors starting from SAR 1,000. The company was founded in 2020 and has facilitated over SAR 11.4 billion in cumulative financing programs across 5,352+ issuances since 2021, according to company records.

Sukuk Capital's Regulatory Record

Sukuk Capital operates under CMA license number 10-25310, enabling it to operate as a platform for debt instruments issuance and investment in Saudi Arabia's sandbox environment, according to akta.pro company records. The same records list total financing programs facilitated since 2021 at SAR 11.4 billion+ and total sukuk issuances processed at 5,352+, with a 100% coverage rate of previous issuances.

Earlier Sukuk and Financing Activity

In September 2026, Argaam reported that Sukuk Capital holds about 63% of the fintech debt market in Saudi Arabia, with sukuk programs exceeding SAR 12.5 billion since May 2021, financing over 600 companies, an outstanding portfolio at SAR 5.3 billion and a default rate of 1.1%.

In August 2026, Arabnews reported that Sukuk Capital's crowdfunding platform attracted about 800,000 investors over five years, raising SR11.6 billion ($3.1 billion), with industrial companies receiving 20% of the financing.

In June 2026, Argaam reported that Takween Advanced Industries Co. terminated its SAR 650 million local sukuk program, having completed only SAR 60 million through the electronic platform, with both the company and Sukuk Capital agreeing to discontinue the remaining financing tranches.

What Comes Next for Sukuk Capital

The CMA licensing covers managing investments and operating funds activity in the securities business, as stated in the regulator's notice. Sukuk Capital's platform activity is described on its own site.