About Tas’heel Finance

About sections

United Company for Financial Services “Tas'heel Finance” is a closed joint-stock company that is a fully owned subsidiary of eXtra with a capital of SR 150,000,000. The capital was increased in the last quarter of 2020 to SR 350,000,000.“Tasheel Finance” specializes in providing Shari'ah compliant financing solutions and is governed by the Saudi Central Bank (SAMA).
Our Vision

Enable our clients to enrich their lives and achieve their ambitions by providing effortless financial services through innovative digital solutions.

Our Mission

To be a dynamic organization that provides a unique digital experience to enable our clients to meet their financial needs by integrating quality of service, investing in digital transformation and focusing on customer needs and goals in a fast and efficient manner.

Mr. Fozan Al Fozan (Chairman)

Mr. Al Fozan is one of the leading entrepreneurs in KSA. He is a board member in multiple well known organizations such as Al Fozan holding company, Madar for Building Materials, Madar for Electric Materials, United Electronics Company, Nawah Holding and others. He has been appointed the Chief Executive Officer for Madar holding, Kaian international and others. He holds a Bachelor Degree in Administration from King Soud University in 1993

Mr. Adel Al Mangour (Vice Chairman)

Prior to joining The Family Office, Mr. Mangour was the Managing Director of Wholesale Banking at Gulf International Bank. He also held senior management positions at Arab National Bank (Chief Credit Officer) and J. P. Morgan Chase Bank (Corporate Finance) and served on the Board of Directors of the Saudi Credit Bureau. Mr. Mangour holds an MBA from Portland State University School of Business.

Mr. Mohamed Galal, (Board Member)

Current Position: Managing Director and CEO of United Electronics Company – eXtra

Mohamed’s Has more than 30 years of experience in field of Retail, Strategic planning and Sales. He started his career with different reputable firms in the banking and auditing sectors. Prior to joining eXtra in 2004, he was working with P&G, where he spent 15 years in senior positions across the region.

Mohamed holds an Accounting degree from Ain Shams University in Cairo.

Mr. Abdullatif Ali Al Fozan (Board Member)

Mr. Al Fozan is a board and committee member in several well-known reputable entities in KSA among which AlFozan Holding Company, United Homeware Company, Al Oula real estate Company, Alpha Capital, etc.

In addition, he is currently the Corporate Investment Director at AlFozan Holding Company and the Managing Director of Ascend Healthcare Solutions. Prior to that, he held several positions in banks and consultancy firms.

He holds a bachelor’s degree from University of Toronto with double majors in Economics and Employment Relations.

Ms. Kubra Shehabi (Board Member)

Kubra is a senior professional banker with more than 26 years of experience with well-known international and local banks.

She started her banking career at Investcorp, then moved to JP Morgan Chase Bahrain where she headed the Credit Risk Department, then Al Salam Bank Bahrain where she established and headed the Credit Risk Department, then First Energy Bank where she established and headed the Risk Management Department. Currently she is a partner in Milestone Accounting and Consulting. In 2008, Kubra was named by the Financial Times as one of the Top 20 Leading Business Women and Role Models from banking and finance industry in the Arab World. In 2015 she was honored by Her Royal Highness Princess Sabeeka Bint Ibrahim Al Khalifa on Bahraini Women day as one of the leading Bahraini women in the banking and finance industry in the Kingdom of Bahrain.

Kubra is a Certified Public Accountant and holds an MBA in Investment and Finance from UK; with distinction, and is a Certified Basel II Professional.

Eng. Saad AlKhalb (Board Member)

His Excellency, Engineer Saad Al Khalb is the CEO of Saudi EXIM bank, government owned bank focused on export financing and export insurance. Is the former Head of the Saudi Ports Authority and Deputy Transportation Minister, in which role he contributed to the realization of the Kingdom’s Vision 2030 development plan. He serves as a member of the board at several Saudi and international firms. He holds a Bachelor of Electrical Engineering from King Fahd University of Petroleum and Minerals and has attended Advanced Management and Strategic Program at INSEAD in France.

Mohammed Ahmed Al Doseri -Chief Information Security Officer

Mohammed Al Doseri Serves as Chief information Security Officer of Tasheel Finance. Mohammed is responsible for defining and executing an Information security and Cyber security Strategy in alignment with the organization’s goal of providing a secure, seamless, and enhanced Security and customer experience. Framing information security plans, guidelines, policies and short-term strategies, and lead information security planning processes to establish a comprehensive information security program. Mohammed has over 14 years of experience in Banking sector focusing on Information Technology and Information Security. Mohammed started his career in Bahrain Telecommunications company (Batelco) and shift to work in Banking sector for 12 years in Kuwait Finance House-Bahrain where he work on building the Information Security department and implement critical projects in Information security for the Bank and work with KFH Group to build the centralized Security Operation Center . and before joining Tasheel Mohammed was working as chief information Security Officer in one of Financial company in Eastern-KSA.

Shahrukh Lali - Chief Risk Officer

Shahrukh serves as Tas’heels Chief Risk Officer. Shahrukh is responsible for the overall Risk Management of the company including Credit Risk which is the core activity in any lending business.​Shahrukh Joined Tas’heel from eXtra (United Electronics Company) where he was responsible for setting up and then managing the Instalment Sales Business.​Prior to eXtra he has worked in both local and multinational Banks within and outside KSA focusing on Consumer Finance business for over 25 years.​

Haitham Kabbarah- Head of Internal Audit

Haitham serves as Head of Internal Audit at Tasheel Finance. He is one f the responsible team for delivering the company’s strategic objectives. Haitham joined Tas’heel Finance from Saudi National Bank where he held the position of Internal Audit Vice President Retail Operations and Support Function. Haitham has more than 27 years of experience in (Planning and preparing internal, operational and credit audit, Credit management, and improving the financial and operation practices)

Rashid K. AlMudayan - Chief Compliance Officer and AML/CTF

Mr. AlMudayan serves as Chief Compliance Officer and AML/CTF at Tasheel Finance. He is responsible for maintaining a high compliance culture throughout establishing governance, compliance and AML policies and procedures, guiding and educating the company’s members on compliance matters, identifying compliance and AML risks that the company may face and coming up with effective recommendations to handle them. Mr. AlMudayan has more than 20 years of experience in the field of compliance, governance and financial crimes, where he previously worked with Saudi Investment Bank, HSBC Saudi Arabia, Samba Capital, Deutsche Gulf Finance and Amlak International for real Estate Finance

Amjad Abu Amara – Chief Operating Officer

Amjad serves as Chief Operating Officer at Tasheel Finance, he is responsible for delivering smooth operations, customers satisfaction, maintaining high culture and achieving company’s strategic objectives. Amjad joined Tasheel Finance from First Abu Dhabi Bank where he held the position of Country Chief Operating Officer.

Amjad has more than 31 years of experience in retail & corporate banking (local and international), investment, projects management, technology & process re-engineering, throughout his career he served multiple organizations including Saudi British Bank, Saudi Hollandi Bank, National Commercial Bank, Gulf International Bank, Arab National Bank, First Abu Dhabi Bank & Saudi Stock Exchange (Tadawul).

Noor Alkhabbaz - Head of Finance

Noor Alkhabbaz serves as the Head of Finance. Noor is responsible for the finance functions of the company with emphasis on strategic planning, governance, control, working capital optimization, management accounting and bottom-line performance. Noor joined Tasheel Finance from SPL where he held the position of Financial Controlling Director.

Noor has over 15 years of experience in audit, banking, accounting, controlling and finance. He started his career as an Auditor at Ernest & Young (EY) and shifted to work in the banking sector at Samba Financial Group, where he worked in retail banking management before moving to corporate banking. After that, he worked in Oil & Gas sector at National Oilwell Varco (NOV) as Financial Controller.

Noor holds a master’s degree in Accountancy from Case Western Reserve University in Ohio, United States, and a bachelor’s degree in Finance from King Saud University

Nawaf Dhubaib – Chief Human Resources Officer

Nawaf serves as Chief Human Resources Officer at Tasheel Finance, he is responsible for developing and executing human capital strategy in support of the overall business plan and strategic direction of the organization. Nawaf joined Tasheel Finance from Ministry of Finance where he held the position of General Human Resources Manager.

Nawaf has 20+ years experience in human resources field where he held various positions at local and global companies, providing consultations for several projects in human resources, information technology and business merger & acquisition. Nawaf specializes in management consulting for public organization, private companies, and family businesses to improve efficiency and creating succession plans. Nawaf holds a master’s degree in Human Resources Management from the University of Melbourne, Australia, and a science bachelor’s degree in Information Technology from Colorado Technical University, USA.

Dr. Salah Fahad Al Shalhoob

Shaikh Salah is a Sharia scholar who procured his PhD from Edinburgh University (UK) and Masters from Al Imam university (KSA). He has led a broad range of engagements in the US, Europe and the GCC with a focus on banking and investment products, real-estate acquisitions, Islamic Insurance management, Listed securities and private equity fund. His product based experience spans sukuks, home mortgages, leasing, SME Financing and asset management transactions.He is an assistant Professor at Islamic & Arabic Studies College of Applied Studies at King Fahd University of Petroleum & Minerals & has written several research papers.​

Sh. Muhammad Ahmad

Shaikh Muhammad has over 10 years of experience as a Shari’a consultant and academic in various parts of Islamic finance.​He has worked predominantly in the financial services along with retail and investment banking and has expertise in corporate advisory and real-estate funds. Sheikh Muhammad works extensively with leading global and domestic financial institutions across the GCC. His work ranges from redesigning conventional Sukuk organizational structures of funds in the banking, insurance and private equity sector. He procured his Master (A’alamiyah) in Fiqh and Usool ul Fiqh from Jami’ah Ahsan UI Uloom and procured Bachelors in Islamic sciences from Jamia Dar-ul-Uloom.​