Aajil Capital secures CMA licence for SME investment management

Saudi Arabia-based Aajil Capital has received a Capital Market Authority licence to conduct Managing Investments activity in the securities business.

The firm has not yet commenced regulated activities and will begin operations after completing the CMA's commencement-of-business requirements.

Aajil Capital is the sister firm to Aajil, an AI-driven platform that supplies industrial SMEs with raw materials on deferred payment terms. Aajil purchases the materials industrial SMEs require and pays their suppliers directly. Each SME then settles with Aajil over an agreed term on Shariah-compliant terms aligned to its cash cycle. The platform had supplied SAR 600 million ($160 million) worth of materials to manufacturers, contractors and traders across Saudi Arabia as of 31 August 2026.

Once operational, Aajil Capital plans to provide Shariah-compliant investment management services, giving investors access to Saudi Arabia's industrial SME sector. The sector is one of the priority sectors of Vision 2030 and the National Industrial Strategy and has been difficult to reach at scale. Saudi Arabia is targeting 36,000 factories by 2035, up from roughly 12,000 today, yet only around 9 percent of bank credit reaches SMEs against a Vision 2030 target of 20 percent. That gap leaves the industrial supply chain that every giga-project, factory and infrastructure programme depends on underserved.