Saudi Arabia-based private markets investment platform OORI has received a licence from the Capital Market Authority (CMA) to conduct arranging and advising activities and is preparing to commence operations.
Founded in 2023 by Elie Nasr and Naif Al Ajmi, OORI provides qualified investors in Saudi Arabia with regulated access to Shariah-compliant private market investment opportunities, initially targeting technology companies from pre-Seed through pre-IPO stages.
The company raised a seven-figure USD pre-Seed round in 2024 from strategic investors, family offices and angel investors across Saudi Arabia, the GCC and Europe, including Bunat Ventures and RZM Investments.
The funding was used to develop OORI's technology platform, complete the regulatory licensing process and prepare for its operational launch.
OORI plans to expand beyond technology into additional alternative asset classes, while its longer-term roadmap includes tokenisation, smart contracts and digital investment infrastructure.
