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 United Electronics Company. “Tasheel Finance” specializes is providing Shari'ah compliant financing solutions and is governed by the Saudi Arabian Monetary Authority.  
 
Tas’heel Finance was established as the first digital platform that caters to the customers financial needs in the Kingdom of Saudi Arabia. Tas’heel Finance enables customers to enrich their lives and fulfil their aspirations by providing a variety of financial solutions in an effortless and fast process without the need to have a guarantor or a salary transfer.
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 (Board Member)

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 Ali Fahmi (Vice Chairman)

Mr. Galal has a Bachelor Degree in Accounting from Ain Shams University, Egypt. He is currently the CEO and board member at United Electronics Company. Prior to joining United Electronics Company, Galal worked at P&G for more than 10 years in many senior positions. He has 30 years of experience in the field of retail and strategic planning.



Mr. Abdullatif Ali Al Fozan (Board Member)

Mr. Al Fozan is a board and committee member in a number of well known reputable entities in KSA among which AlFozan Holding Company, United Homeware Company, Al Oula real state Company, Alpha Capital, etc. In addition, he is currently the corporate investment director at AlFozan Holding Company and the managing director for Nawah Holding Company. Prior to that, he held several positions in banks and consultancy firms. He holds a Bachelor Degree of Arts with honors from University of Toronto.



Ms. Kubra Shehabi (Board Member)

Ms. Shehabi is a senior banker with 24 years experience with Investcorp, JP Morgan Chase, Al Salam Bank, and currently First Energy Bank. Ms. Shehabi has an extensive experience in Risk Management. She graduated from University of Bahrain with a Bachelor’s Degree in Business Administration in 1992, MBA in Investment and Finance from University of Hull – UK in 1996, and CPA from Illinois-USA in 2002



Saad Abdel Aziz Al Khalab (Board Member)

Eng. Saad is one of the leading figures in the banking sector in KSA and has held several senior positions including being COO of SABB KSA and HSBC Oman. Following that, Eng. Saad has been appointed as Vice Transportation Minister, where he assisted the Minister on the management and development of the transportation strategy in the Kingdom of Saudi Arabia. On June 2018, Eng. Saad has been appointed as the acting president of the Saudi Ports Authority “MAWANI”. He holds a Bachelor Degree in Electrical Engineering 1992 from King Fahad University of Petroleum and Minerals


Muzaffer Hamid - Chief Executive Officer

Muzaffer is an experienced banker with over two decades of experience across various geographies in CEEMEA and ASIA-PACIFIC. A seasoned professional who was involved as a member of the founding team for various business units across Corporate, Consumer and Mass-market banking & finance. He has led various teams for successful launch of green-field business operations across various countries.  He started his career with Citibank UAE in the Global Corporate & Investment bank, then to South Africa and his last assignment in Citibank was in Bahrain where he was was leading as the Chief Operating Officer. Post Citibank, he joined as a founder member of Dunia Finance a green-field Consumer Finance set-up in the UAE as Chief of Operations. Muzaffer worked across geographies of Ukraine, Russia, China, India and other countries across ASIA-PACIFIC to successfully launch and transform businesses. He has a MBA degree in Technology Management and a Bachelor’s degree in Banking & Finance.​


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 the 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 and bottom line performance.

Ramy has joined Tas’heel from eXtra (United Electronics Company) where he served as Financial Controller with an experience over 18 years in Retail Business functions, (accounting, controlling, Corporate finance & process implementation), Monitoring Finance Portfolio and the relevant credit risk. Seasoned in regards to IFRS, IAS & taxation


Hussain Alsaleh – 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 – Acting, 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.​


Gururaj Balakrishna - Chief Operating Officer

Gururaj Balakrishna serves as the Chief Operating Officer of Tas’heel and is one of the initial founders of the Organization.​Guru has over 25 years of Banking experience, predominantly in the Risk and Operations function. Prior to moving to KSA, Guru was Chief Credit Officer and acting Chief Risk Officer at Dunia Finance LLC, UAE.​

Guru started off his career at Citibank N.A. where he spent more than a decade in the Asia Pacific and CEEMEA regions in a variety of senior roles. Guru is also a seasoned trainer and is certified in advanced Credit and Collections trainings.​He holds an MBA from TAPMI, India and has also completed the Accelerated Development Program at the University of Chicago’s Booth School of Business.​

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.​

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