Merak Capital launches its operations as a CMA licensed technology investment firm in the Kingdom – ZAWYA

Merak Capital launches its operations as a CMA licensed technology investment firm in the Kingdom – ZAWYA

merak capital launches its operations as a cma licensed technology investment firm in the kingdom merak capital is an asset management firm licensed by the capital market authority of saudi arabia, focused on technology investments across different asset classes (license no. 18194-32)    riyadh, saudi arabia: merak capital has formally launched its operations from the kingdom of saudi arabia under the capital market authority license. the firm is founded by abdullah altamami, othman alhokail and abdulrahman bin mutrib, saudi nationals with extensive track record in technology and investments. the core focus of the company is building a technology-centric team and investing across different asset classes from early stage ventures into later stages, as well as special technology projects.merak capital technology focus is aligned with the kingdom's vision 2030 plan which has identified the technology sector as a key catalyst for economic development. one of the key themes of the vision is to invest heavily in technology and digitization to create a flourishing business ecosystem that is ready to meet the challenges of the future. with more than 34 million in population, 60% of which is at age under 35 years, and with almost 90% online presence, the kingdom is utilizing