About Tas'heel Finance United Company for Financial Services - Tasheel Finance

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)

Eng. Saad bin Abdulaziz Alkhalb is the President of Saudi Ports Authority (MAWANI) Snice mid of 2018 with nine commercial and industrial ports reporting to him in the kingdom of Saudi Arabia. His primary task is to lead MAWANI transformation as part of the Kingdom vision 2030 and to operate on commercial basis to support the objectives related to this industry within vison 2030. Eng. Saad bin Abdulaziz Alkhalb Previous position was the Vice Minister for Transport Ministry. He spent most of his carrier life in the private sector holding senior posts at major private companies in Saudi Arabia and Oman in the field of Engineering, Technology, and Banking last of which is the COO for Saudi British Bank. Eng. Saad is also the chairman and board member of many local companies and a member of various government committees and subcommittees.

He holds a bachelor’s degree in electrical engineering from King Fahad University of Petroleum and Minerals and has attended advanced management and strategic program from INSEAD.

Bander Alshihry - Head of Technology

Bander Alshihry serves as Tasheel's head of technology. Bander is responsible for defining and executing an IT Strategy in alignment with the organization’s goal of providing a secure, seamless and enhanced digital experience to the customers.

Bander has over 16 years of experience in Financial sector starting with Saudi Stock Exchange – Tadawul for 11 years as the team leader of IT operation and over 5 years with Riayd Capital as Head of Business Technology Infrastructure.

He holds a diploma’s degree in Computer Programing from College of Telecom & Information and a bachelor’s degree in Business Administration from King Faisal University

Jafar Al Yaqoub – Head of Customer Care

Jafar Al Yaqoub serves as the Head of Customer Service of Tasheel Finance. Jafar is responsible for providing the best customer experience and maintaining a high level of customer satisfaction. He previously held the position of Contact Center Assistant Manager in Gulf International Bank – Saudi Arabia and has over 5 years of experience in the financial sector.

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.

Ramy Askar - Head of Finance

Ramy Askar serves as the Finance Director. Ramy is responsible lead the finance functions of the company with emphasis on strategic planning, governance, control, risk management, working capital optimization, management accounting, preparing the Company Financial statements and bottom-line performance.

Ramy has joined Tas’heel from eXtra (United Electronics Company) where he served as Financial Controller with an experience over 19 years in Retail Business functions, accounting, controlling, corporate finance & process implementation, monitoring Finance Portfolio and the relevant credit risk. Seasoned regarding IFRS, IAS, Zakat & taxation

Hussain Al Saleh – Acting, Head of Internal Audit

Hussain Alsaleh serves as the Acting Head of Internal Audit at Tasheel Finance. As a member of the senior leadership team, he works to implement best IA practices, which in turn supports the strategic goals of the company. He is responsible for managing the internal audit operations and supporting senior leadership by advising them in all operations and risks. Hussain has 10 years of experience and joined us from Tamweel Aloula where he held the position of Acting Internal Audit Manager in addition to several different positions before that, including the position of Internal Auditor in Protiviti (Member Firm). He holds a bachelor’s degree in Accounting from University of Bahrain, in the Kingdom of Bahrain.

Saud AlRayes – Head of Human Resources

Saud AlRayes serves as the Acting Head of Human Resources at Tasheel Finance. As a member of the senior leadership team, he works to implement best HR practices, which in turn support the strategic goals of the company. He is responsible for supporting senior leadership by advising them in all human resources departments. Saud has 15 years of experience and joined us from Rezayat Group Ltd where he held the position of Administration Manager in addition to several different positions in human resources before that, including the National Pipe Company Ltd. He holds a bachelor’s degree in Business Communications and Public Relations from Concordia University Wisconsin, in the United States of America.

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.

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.​