Welcome to Mekyal
Innovative Fintech Practices
Nowadays, the Fintech market is witnessing high demand due to its diversified alternative financial option. And since the startups segment has a great potential in KSA, the Saudi Vision has emphasized on the need to support local small and medium enterprises through adequate financing channels.
Investment opportunities
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At Makeyal, we seek to empower entrepreneurs and project owners to achieve their expansion and investment goals through crowdfunding, and we target the following sectors
E-commerce
Fitness clubs
Fintech
Entertainment
Healthcare
Artificial intelligence
Logistics
Hospitality
Hospitality
Technical Education
Finance request
About Fintech
Hecham Abo Jamee
Mekyal CEO Talk
Mekyal Family
Mr. AbouJamee's experience extensively spans 28 years in the financial markets. Currently, he is the CEO of Mekyal Financial Technologies. Previously, he held the position of CEO- Wealth Management at Watheeq Financial services from October 2018 to June 2020. The most prominent stages of his career were his holding the position of CEO of Alistithmar for Financial Securities and Brokerage Company from 2012 to 2018. He also held leadership positions in Bakheet Investment Group, the last of which was the Group CEO in 2012. Mr. AbouJamee holds a Bachelor's degree in Quantitative Methods from the College of Administrative Sciences from King Saud University in 1991.
Mr. Al-Mineefi has spent a distinguished and long-standing career in banking, with his most recent position being the Chief Executive Officer of The Saudi Investment Bank (SAIB) from 2010 until his retirement in 2019. He also held Board memberships in several companies, including American Express Saudi Arabia, Saudi ORIX Leasing Company, and The Mediterranean and Gulf Insurance and Reinsurance Company. Mr. Al-Mineefi holds a Bachelor's degree in Accounting from King Saud University, KSA.
Mr. Al-Shaikh a wide range of experience in the banking and financial field. He held many positions at the Arab National Bank between 1986 and 2006; the latest was The Deputy Managing Director. Currently, he's holding the chairman position at Saudi Re Company, also he is the founder and the Chairman of Watan First Institute, as well the founder and the Chairman of Watan First for Human Resources. He also held Board memberships in several companies, including Aljazeera Bank, the Civil Aviation Holding board, and Ashmore Company in Saudi Arabia. Mr. Al-Shaikh has a bachelor's degree in Management Science, Applied Mathematics, and Finance from the University of California, San Diego.
Mr. Al-Sanea has spent a distinguished and long-standing career; his most recent position is the General Manager of Business Partners at The Saudi Investment Bank (SAIB) from 2008 until his retirement in 2017. Before this position, Mr. Al-Sanea was also serving SAIB as the Head of Corporate Banking from 2002 to 2008 and Head of Credit Administration from 1995 to 1998. Mr. Al-Sanea has also worked as the General Manager of Treasury at Saudi Telecommunications Company. He also held Board memberships in several companies, including American Express Saudi Arabia, SAIB BNP Paribas Asset Management Company, Alistithmar for Financial Securities and Brokerage Company, Saudi ORIX Leasing Company, and The Mediterranean and Gulf Insurance and Reinsurance Company. Mr. Al-Sanea holds a Bachelor's degree in Civil Engineering from University of Miami, USA.
Over the last twenty years, Dr. Alfuraih has worked on setting up several e-commerce start-ups in USA and elsewhere. He also provided IT, payment and business development consultancy to many government and private sector companies including the Ministry of Finance and Ministry of Higher Education. He held the position of Country Manager of Saudi for Noon.com between 2017 and 2018 and also worked as General Manager of retail banking at Bank Albilad between 2014 and 2016. Dr. Alfuraih held several positions at Al Rajhi Bank between 2006 and 2014, from advisor to Head of Cards, to General Manager of Affluent and Private banking, to Head of Consumer finance, then Head of Products and Innovation, finally he worked as Strategy Director. He worked as an assistant professor at King Saud University in the College of Computer Science between 2006 and 2018. Dr. Saleh holds a Ph.D. in computer science in e-commerce and e-commerce security from Newcastle University in the United Kingdom in 2005 with distinction, a master’s degree in Computer Science in Distributed Networks from the University of Southern California in 2001, and a bachelor’s degree from King Fahd University of Petroleum and Minerals in 1997 with first honors.
During 40 years of work in the field of financial management and investment, Mr. Nasser Al-Awfi worked in several companies in different industries. Currently, he is a Board Member and Head of the Audit Committee in several joint stock companies listed on the Saudi Stock Exchange namely SASCO, Takaful Alrajhi, and United Cement (closed joint stock company). He holds a Bachelor's degree in Accounting from King Saud University (1980), and he also holds two Master's degrees in Accounting and Business Administration from Southern New Hampshire University in the United States of America
Majid Alissa is chairman of Tysers Saudi Arabia a Reinsurance Broker of Llyods, he is also Vice Chairman of Saudi Research and Marketing Group and Bidaya Home Finance and Mowa Water Desalination and heads audit committee. Alissa is also on the advisory board of 2 local business schools in Riyadh as philanthropy work. Alissa held several board memberships & was advisor to minister of Trade. Alissa is member of Saudi Institute of Internal Auditors and Member of the American Board of Forensic Accounting. Alissa was previously on board of Saudi Printing and Packaging, Ashmore Investment, Knowledge Economic City in Madinah and Al User Auto finance. Alissa was also previously Audit member of Saudi Airports holding, Privatization Center and Bakheet Investment. Alissa has 30 years of experience spanning between Sabic London, Samba, Arab National Bank and Arcapita bank in Bahrain. Alissa was the CEO of Al Anwa family office for serval years managing assets of over USD 5 billion. Alissa helped formation of Bakheet Investment Group and RFIB Saudi Arabia and chaired serval Audi committee. Alissa holds a BA in accounting from King Saud university and a master degree in management and finance from Middlesex university and Post Graduate Diploma from school of management at Bradford University
Dr. Abdullah is an Executive and a Board Member in many educational, technology, industrial, and real estate development companies, besides his interest in entrepreneurship projects. Dr. Abdullah holds a Ph.D. in Risk Management and Educational Management from Indiana University Bloomington, US 2004, and Master's & Bachelor Degrees from King Saud University 1992
Moussa Hawas is the President, Corporate Finance and Business Development for SMEs at Mekyal Fintech, one of the leading equity crowdfunding platforms in the Kingdom of Saudi Arabia, licensed by the Capital Market Authority, to help companies get crowdfunded, and support investors in investing in highly vetted startups, early-stage-high-growth companies, and SMEs. Mekyal is an investment platform to empower entrepreneurs, startups, and SMEs to get their growth and expansion business plans financed by potential investors. Prior to joining Mekyal, Moussa was the Director, Investment Banking at TradeKey.com, the world's leading and fastest growing online business-to-business (B2B) marketplace that connects small and medium businesses across the globe for international trade. Previously, was the Managing Partner of Economic Group for Financial Consultancy. Also acted as the Director, Investment Advisory at Delta Financial Solutions, the financial and investment advisory arm of Delta Financial Investments, catering to the development of SMEs in Egypt. Acted also as the Director, Equity Research at Inertia Invest, leading the research team to expand its research regionally. Prior to that, he was an equity research analyst at Beltone Financial Holding. Leveraging his +20 years of experience in equity research and involvement in investment banking transactions, he worked as investment consultant to several companies within the Middle East, advising on various M&A’s. He worked closely with BMG Financial Group in KSA – and Arab Experts Global in Bahrain. His portfolio also extends to working on government related public-private partnerships on smart cities projects with Maxwell Stamp (KSA). Moussa has lectured courses on fundamental analysis and financial forecasting at different Egypt’s universities premises, including Cairo University, and Misr University. He had a regular seat in different local and regional newspapers as an equity analyst, including Al Eqtisadeyah Newspaper (KSA), Arab
Newspaper (UK), and Business Today Magazine (Egypt). Moussa holds his MBA in Banking and Finance from Maastricht School of Management, MPhil, and DBA.
Newspaper (UK), and Business Today Magazine (Egypt). Moussa holds his MBA in Banking and Finance from Maastricht School of Management, MPhil, and DBA.
Vision
Generating efforts, achieving prosperity.
We strive to create the leading and the largest crowdfunding Company/platform in KSA that provides an integrated framework to support smooth crowdfunding activities and ensure a safe and reliable environment for both fundraisers and investors.
Mission
We aim to implement the best international practices through our professional experts and superior tools, raise crowdfunding awareness, and provide the fundraisers and stakeholders with innovative consultations to apply governance and effective organizational structures
Mekyal Compass
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Rate: Get your lowest eligible rates to help you make the right decision
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Knowledge: keep up with the latest local and international fintech news.
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Advisory: Start a live chat to get your consultation from Mekyal’s experts.
License
Based upon the Capital Market Law issued by Royal Decree No. (M/30) dated 1424/6/2H, and reference to the Financial Technology Experimental Permit Instructions issued by CMA in 2018/01/10, which aims to provide a regulatory framework that is conducive for the innovation of Financial Technology (FinTech) in the capital market within the Kingdom. In relation to this, the CMA Board of Commissioners issued its resolution on 2020/7/23 to grant Mekyal Financial Company a Financial Technology Experimental Permit (ExPermit) to create an equity crowdfunding platform.
Based on this permit, Mekyal Financial Company will be able to experiment the crowdfunding FinTech which allows investors to participate in funding small and medium size enterprises in exchange for shares in such enterprises. The service is provided through an electronic platform owned and monitored by the company.
CMA would like to highlight that this permit coincides with the launch of the third batch for ExPermit of FinTech innovations which was announced in 2019/11/25, related to securities businesses that fall under the CMA’s supervision. Later this year, the CMA will open the door for the fourth batch of applications for FinTech ExPermits.
Mekyal Financial Technologies Company is officially authorized to provide crowdfunding services where investors can fund small and medium startups through a digital platform that connects them with potential investors
Disclaimer
Mekyal.com is a website that is owned and managed by Mekyal Financial Technologies Company where all crowdfunding related activities are conducted. By accessing this website or any webpage thereof, you agree to comply with the User Agreement and our Privacy Policy. Mekyal Financial Technologies Company does not provide any investment advices or recommendations. Any communication through this website or any other means shall not be construed as a recommendation for any opportunity offered through this platform. The opportunities offered on the platform through this website shall be available for investors who have subscribed to the platform. Furthermore, these transactions are availed to all investors who are non-minor citizens of the Kingdom of Saudi Arabia. The investors must be aware of the high risks associated with the transactions on this platform and are willing to accept such risks, as the crowdfunding offers placed on this website are risky in nature and involve the risk of loss of the entire investment. The securities sold through private subscriptions and crowdfunding shall not be placed for public trading.
There shall be no assurance that the assessment presented for the opportunities is accurate or conform with the assessments made by the market or the industry. Additionally, the investors may obtain restricted shares that are subject to the holding period requirements as stipulated by the laws enforced in the Kingdom of Saudi Arabia. Investing in the crowdfunding requires high risk taking and inability to liquidate the investments as well as long term obligations. Invest only an amount that you can bear its loss without changing your lifestyle. The Capital Market Authority or any government or regulatory commission have not recommended or approved any investment or any accuracy or completeness of any of the information or materials presented through the website. The investors must be able to take the risk of losing their entire investments.
