EdenMountainCompany
About EdenMountain
EdenMountain created the Enterprise Non-Operating Right and runs the exchange where ENORs are listed and traded. The company was built by Saudi founders and operates from New York.
EdenMountain at a glance
- Base
- New York
- Operator
- EdenMountain Holdings LimitedCayman Islands, no. 404117
- First ENORs listed
- July 2024
- ENORs on the exchange
- 591as of October 27, 2026
- Brands
- 61headquartered in 15 countries
- Lead institutional investor
- GrowthX Capital for Investment
- Contracts
- Standard formunder English law
From the first listing to today
- First ENORs listed
Nine ENORs went live. The first sale, Edinburgh Supplies' Japan ENOR, closed on July 26.
- 237 ENORs on the exchange
Seven sales had closed by the end of the year, five of them for Gulf territories.
- The first relistings
Four holders offered their ENORs again on the same day, opening the secondary market.
- Bank al Etihad
A memorandum of understanding to support ENOR transactions in Jordan.
- GrowthX, Jahez and Snoonu
A lead institutional investor and partnerships across Saudi Arabia and Qatar.
How the exchange is governed
EdenMountain's three commitments are sound assets backed by firm contracts, trustworthy transactions between authenticated members, and a platform that is simple to use. These are the rules that put them into practice.
Platform Terms and Conditions
Define every ENOR and the rules of the exchange, and govern every transaction together with the Transfer Agreement.
Transfer Agreement
A standard-form agreement under English law between seller and buyer, accepted before any sale completes.
Member verification
A third-party provider checks identity and screens members and their companies against sanctions and anti-money-laundering lists.
Payments
Transactions are processed by regulated third-party payment services.
Listing integrity
A listing that does not match its description is removed, and the seller is in breach of its agreement with the exchange.
Ownership and records
The exchange never owns the ENORs listed on it. The ENOR Holder Certificate records each one and every change of holder.
Leadership
Hossam Shobokshi
Founder and Chairman
Founder, chairman and majority shareholder of EdenMountain. Chairman of Alef United Holdings, an investment holding firm, and founder of Ouswah Capital, an investment management company in Saudi Arabia. Independent Non-Executive Director at JP Morgan Saudi Arabia since 2022 and on the board of Middle East Venture Partners. From 2014 to 2022 he was founding partner and chairman of Saray Capital; before that, Managing Director and Regional Head of MENA Private Equity at Standard Chartered Bank in Dubai.
Aljoharah AlArnous
CEO and Co-Founder
Leads partnerships, growth strategy and market positioning. She has led and contributed to cross-sector initiatives aligned with Vision 2030, including work with the Public Investment Fund (PIF) and Saudi EXIM Bank. Her background is in architectural engineering, with a focus on financial technology.
Owais AlZahed
CTO and Co-Founder
Leads the technical and strategic direction of the exchange and the build of its infrastructure. A software engineer with a record of scalable, user-centered platforms, including systems for leading law firms in the United States. He holds a degree in Computer Science from Istanbul Kültür University.
Board
Daniel Wild
Board member
Entrepreneur and angel investor who heads the venture capital firm Tiburon, with more than 150 pre-seed and seed investments including Xing, Lokalisten and Trivago. Vice Chairman of Frankfurt-listed Mountain Alliance AG; in 2023 he launched the pre-seed fund Tiburon Atlantic.
Rabih Khoury
Board member
Managing Partner and Chief Exit Officer at Middle East Venture Partners. He has executed more than US$5 billion in transactions and raised more than US$2 billion in capital, and previously led Dubai International Capital's Emerging Markets Group.
Mothanna Gharaibeh
Board member
Former Minister of Investment of Jordan, and before that Minister of Digital Economy and Entrepreneurship. He led Ericsson's operations in Jordan, founded The Fifth Advisory and sits on the board of the Innovative Startups and SMEs Fund.
Abdullah AlRomaih
Board member
CEO and Chairman of Jazeera Paints and a private-sector board member of Monsha'at, Saudi Arabia's small and medium enterprises authority. An early-stage technology investor, he founded Flyin and later sold it to a global leader in its field.
Daniel Zhang
Board member
Director of M&A at Teqnion, previously its interim CFO, and formerly a consultant with McKinsey and Bain. B.Sc. in Business and Economics from the Stockholm School of Economics.
Backers and partners
Press releasesGrowthX Capital for Investment
Lead institutional investor · July 2026
Backing entry into new markets, platform development, marketing and team growth.
Jahez Group
Strategic partnership · July 2026
Bringing ENORs to the restaurants, cafés and brands in Jahez's merchant network across Saudi Arabia.
Snoonu
Strategic partnership · July 2026
Bringing ENORs to merchants on one of Qatar's leading delivery and super-app platforms.
Bank al Etihad
Memorandum of understanding · June 2026
Supporting secure and transparent ENOR transactions for businesses in Jordan.
What others have said
“The fact that EdenMountain has created a brand new asset class is exciting in itself, equally exciting is the high calibre team assembled to take the business global.”
Nick FreerFounding Director, Freer Consultancy, Edinburgh
“As an entrepreneur I know there’s sometimes friction between focus & ambition. EdenMountain opens opportunities to capitalise on future plans by trading certain assets & realising cash to support operations.”
George MackintoshEntrepreneur, formerly Founder and CEO of Eggplant Software
Work with EdenMountain
Join the exchange as an investor or a brand. For interviews and data, contact the press office.