Saudi Arabia-based HALA Capital, formerly known as HALA Ventures, has officially launched as a private capital firm licensed by the Capital Market Authority (CMA). This strategic transformation signals the company’s evolution from a dedicated venture capital investor into a comprehensive private capital asset manager, poised to make a broader impact on the region’s investment landscape.
A Natural Evolution
Founded in 2018 by Ali Abussaud and Hussain Almarhoon, HALA Capital builds upon its strong venture heritage with a forward-looking vision. The transition reflects the firm’s maturity and ambition to support companies across their entire lifecycle. Ali Abussaud, Founder and CEO, described the move as a “natural step” in the company’s journey, aiming to empower both investors and enterprises through diversified private capital strategies. Co-founder and CFO Hussain Almarhoon added that the new structure embodies their belief in an ecosystem where capital adapts to every stage of growth, combining agility with disciplined investment principles.
Broadening The Investment Scope
With its new CMA license, HALA Capital is significantly broadening its investment mandate. The firm’s scope now officially spans Venture Capital, Private Equity, and Private Credit, with plans for further expansion into other alternative investments. This multi-strategy approach positions HALA Capital to bridge the critical gap between early-stage innovation and institutional-scale investment. By offering a continuum of capital solutions, the firm aims to deliver sustainable value to both its portfolio companies and investors.
Aligning With Vision 2030
The launch of HALA Capital is a testament to the increasing depth and sophistication of Saudi Arabia’s private capital market. By expanding its services, the firm is directly contributing to the Kingdom’s economic diversification goals outlined in Vision 2030. This strategic alignment positions HALA Capital as a key enabler for fostering innovation, scaling established enterprises, and promoting sustainable private sector development across Saudi Arabia and the wider MENA region.
About HALA Capital
HALA Capital is a Capital Market Authority (CMA)-licensed private capital firm headquartered in Al Khobar, Saudi Arabia. Formerly HALA Ventures, the firm has expanded its investment focus to include Venture Capital, Private Equity, and Private Credit. Founded by Ali Abussaud and Hussain Almarhoon, HALA Capital is dedicated to supporting visionary founders and high-growth enterprises at every stage, aiming to generate long-term impact and contribute to the region’s economic development.
Source: Wamda
