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 Shows Us What’s Possible. Fund It Here
Lowest subscription | -
Number of investors | 659
Average subscription | 5,020
Highest subscription | 229,500
V-Fitness 1St Round
Lowest subscription | 1220
Number of investors | 659
Average subscription | 7587
Highest subscription | 488,000
V-Fitness 2nd Round
Lowest subscription | 1020
Number of investors | 293
Average subscription | 17065
Highest subscription | 499,960
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
Hecham Abo Jamee
Mekyal CEO Talk
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.
Newspaper (UK), and Business Today Magazine (Egypt). Moussa holds his MBA in Banking and Finance from Maastricht School of Management, MPhil, and DBA.
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.
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
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Be Financially Aware
Knowledge: keep up with the latest local and international fintech news.
Advisory: Start a live chat to get your consultation from Mekyal’s experts.
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
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.