Saudi Arabia moves to permit robo-advisory services for investors
CMA launches draft rules to regulate automated investment platforms as part of fintech drive
RIYADH, Saudi Arabia (MNTV) — The Saudi Capital Market Authority (CMA) has unveiled draft regulations that would allow financial institutions to provide robo-advisory services, a step aimed at modernizing the kingdom’s investment landscape and broadening options for market participants.
The regulator announced that it is inviting public feedback on the proposed rules, which are designed to enable licensed firms to offer automated investment advice with little or no human involvement.
The services would rely on algorithms and pre-defined strategies to manage portfolios, according to the CMA.
Officials said the initiative supports Saudi Arabia’s broader financial technology (fintech) strategy by encouraging innovation, enhancing efficiency for investors, and expanding the availability of financial services across the kingdom.
The draft regulations are open for consultation until September 24, 2025, after which final guidelines are expected to be issued.
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