Saudi Capital Market Authority (CMA)
Who regulates robo-advisory in Saudi Arabia?
Content reviewed 2026-08-14 · How we check sources
Short answer
The Saudi Capital Market Authority (CMA) is the relevant regulator when the robo-advisory service constitutes a securities or investment activity. The CMA’s FinTech Lab has specifically included robo-advisory among securities-sector fintech use cases.
What this means
Automation does not move investment advice into SAMA’s payments perimeter. The regulated activity remains capital-markets activity even when an algorithm generates the recommendation.
If the product also provides payments, banking or financing features, those separate functions may engage SAMA as well.
Official sources
Saudi CMA — FinTech Lab ↗Ask with your entity, activity and regulator.
Regulatory research, not legal advice. This answer has the scope and review date shown above; your institution decides applicability.