HALA Gains Licence From Saudi Capital Market Authority

HALA Capital, a closed joint stock company headquartered in Al Khobar, has launched as a Capital Market Authority-licensed private capital firm under and will now operate across venture capital, private equity, and private credit. Founded in 2018 by Ali Abussaud and Hussain Almarhoon, HALA frames the move as an expansion beyond its venture roots. “This evolution marks a natural step in HALA’s journey," Ali Abussaud, founder and CEO, said. "As HALA Capital, we are not only building on our venture legacy but also expanding our mandate to empower investors and enterprises through diversified private capital strategies. We aim to fuel innovation, scale established businesses, and create long-term impact across Saudi Arabia and the wider region,” The company described the launch as its evolution into a comprehensive private capital platform spanning venture capital, private equity, and private credit, with activities focused on Saudi Arabia and the wider region.