Best Cap Table Management Software in Saudi Arabia

With Saudi Arabia's startup ecosystem flourishing under Vision 2030, cap table management software has become an essential tool for businesses.

It simplifies ownership tracking, streamlines stock option management, and ensures equity structures remain organized while helping companies stay compliant with local regulations.

What is a cap table management software?

Before we move forward, let’s understand what a cap table management software is supposed to do.

They allow you to:

• Track ownership stakes, including names, shares, percentages, and equity types (e.g., common stock, preferred stock).
• Maintain a real-time overview of stakeholders (founders, investors, employees).
• Provide secure access for investors/employees to view holdings, exercise options, or sign documents electronically.
• Create and manage Employee Stock Option Plans (ESOPs), restricted stock units (RSUs), and other equity compensation.
• Automate vesting schedules, exercise windows, and equity grants.
• Simulate the impact of funding rounds, acquisitions, IPOs, or dilution events.
• Generate audit-ready reports compliant with regulations
• Automate tax filings

On top of this, some cap table softwares offer advanced features like:

• Track equity in local currencies (SAR) and manage cross-border regulatory requirements.
• Sync with HRMS (e.g., BambooHR)
• Build tailored reports for board meetings, due diligence, or investor communications.
• Role-based access, encryption, and audit trails to protect sensitive data.

Why is cap table software better than spreadsheets?

While the first iteration of a cap table starts on spreadsheets, it can’t be used beyond a certain point.

As a company attracts more investors and starts issuing ESOPs and other long-term incentives to employees, spreadsheets get cluttered. A software not only streamlines all these transactions, but also handles compliance by reporting these transactions properly.

Top cap table management software for Saudi Arabia

Now, let’s compare some popular cap table softwares for Saudi companies.

1. Carta

Carta is a widely popular cap table software solution, holding a strong position in the U.S. market.

As one of the pioneers in this space, Carta supports over 40,000 companies and manages equity for more than 2.3M stakeholders.

However, its U.S.-centric approach presents challenges for businesses with cross-border operations. For instance, Carta may struggle to meet the needs of companies registered in Saudi Arabia but operating internationally. 

Additionally, it lacks the local expertise required to design ESOP schemes that comply with regional laws.

Pros and Cons of Carta

Despite being one of the biggest players in the eco-system, Carta has a lot less reviews on G2

It may be because of everything that is going on with the company.

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Pricing: Carta doesn’t list its pricing on their website, but it’s known to be quite expensive. Some users have also mentioned recent changes to its pricing.

Carta Alternatives

Carta has been a popular choice for cap table management, especially among large enterprises. 

However, its complexity and high pricing often make it unsuitable for smaller companies, while others have experienced challenges such as slow onboarding, cumbersome offboarding, and unresponsive customer support. 

Due to these challenges, our team has helped several companies, including HealthifyMe and Fincent, transition from Carta to EquityList.

The following platforms are not only some of the best cap table management softwares available but are also popular Carta alternatives.

2. EquityList

EquityList is one of the most comprehensive cap table software solutions on this list.

It currently supports over 450 companies across India, Southeast Asia, MENA, and the U.S., managing approximately $3 billion in equity for more than 30,000 stakeholders.

For emerging markets like MENA, EquityList specializes in managing cross-border companies who have holding and operating companies in different geographies.

In addition to core features like tracking ownership stakes, maintaining a real-time stakeholder overview, and managing ESOPs/RSUs, we offer advanced capabilities such as tracking equity in local currencies (SAR), syncing with HRMS, and creating customized reports in compliance with local laws.

Pros and Cons of EquityList

EquityList’s customers highly rate its user-friendly interface and exceptional customer support on G2.

Overall:

• With a "time to implement" of less than a day, you can typically have the software up and running within 24 hours.
• You’ll recover your investment in the software in under 6 months, and it’s one of the easiest software solutions to set up.

One of the most successful unicorns in the MENA region, Tabby, is a proud customer of EquityList.

Pricing: Plans on EquityList start as low as $11 (~41 SAR) per stakeholder/year.

3. Clara

Clara enables businesses to efficiently create, track, and model their cap table data. 

With about 10,000 stakeholders across 45+ countries, Clara has expanded into complementary services like incorporation and business banking, making cap table management one of many solutions they offer.

Pros and Cons of Clara

Unfortunately, Clara does not have any reviews on G2.

Pricing: Clara’s plan starts at $167 (~626 SAR)/year.

4. Diligent

Similar to Clara, Diligent provides a range of services, including governance, audit, and risk management. 

While their cap table management software covers basic functions like issuing and tracking equity and stock options, it's unclear whether it can effectively handle the complexities of cross-border operations, as EquityList can.

Pros and Cons of Diligent

Unfortunately, Diligent has multiple G2 profiles for different business verticals, but we couldn’t find one specifically for their cap table software.

Pricing: Not available on the website.

5. Cake Equity

Cake Equity is a straightforward cap table and equity management software designed to support startup founders globally.

With a clean, cloud-based dashboard, Cake ensures accurate and up-to-date equity information, while providing basic document storage and signing features. 

Its global focus ensures compliance with local legal and tax regulations, making it adaptable to businesses operating across different regions.

Pros and Cons of Cake Equity

Cake Equity’s performance is rated quite similar to EquityList. It is extremely easy to use with good customer support.

Pricing: Cake Equity offers a free plan for up to 5 stakeholders. However, it is very restricted. Their base plan starts at $480 (~1800 SAR) annually for 25 stakeholders and limited features.

Note: About a month ago, Cake Equity acquired SaltoX in an effort to join forces and meet the growing demand for equity management solutions in the U.S.

6. Ledgy

Ledgy was created in response to the challenges many European companies faced in managing equity plans effectively.

Its mission is to streamline equity management, making it easier to navigate and more advantageous for both companies and employees. Ledgy focuses on enabling teams with clear communication and a seamless setup process. 

Pros and Cons of Ledgy

While Ledgy is praised by its customers for being easy to use, it occasionally experiences technical issues.

Pricing: Ledgy’s plan starts from €3 (~11.8 SAR) per stakeholder / month ( €36 (~141.9 SAR) per stakeholder / year)

7. Pulley

From issuing shares and SAFEs to handling employee stock options and valuations, Pulley brings all your equity tools into one easy-to-use platform.

However, they are only available in the U.S.

Pros and Cons of Pulley

Pricing: For a minimum of 25 stakeholders, Pulley’s  basic plan starts at $1200/yr.

8. Qapita

Qapita allows you to keep track of ownership, run financial scenarios, and engage with stakeholders.

It is used by over 2,000 companies with $55B+ under management.

Companies who moved from Qapita to EquityList mentioned that few important features on Qapita are in beta,e.g; multi-entity management, board and shareholder consents.

Pros and Cons of Qapita

Pricing: Not available on the website.