We Finance Your PO
We offer a new way to improve your cash flow by financing your POs.
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What is PO Financing?
Every day governments are issuing POs for government-based entities and industries such as Healthcare, Defense, Construction Sector. And the amount of POs is staggering. In Saudi Arabia, the government issued 738,610 POs worth over SAR 664 billion until the end of Q3 2021. Resellers need to pay for the goods from multinational manufactures based on the POs while waiting for the government to pay at maturity. The difference in terms is creating cash flow challenges for resellers, especially SMEs to finance their working capital. This is where Tameed comes in. Based on its innovative platform and funding assessment, Tameed offers PO financing to SME resellers. Because the POs are backed by the government, financing tends to me at attractive terms leveraging crowd-funding from institutional and individual investors.
Shariah Compliance Committee
Sheihk. Dr. Yousef Al Shubaily
Staff teaching member in Higher Judicial Institute at Imam Muhammad bin Saud Islamic University, and member in may Sharia authorities. He has several published and revised papers and studies on Shariah compliance.
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Sheihk. Dr. Abdulelah Alkhuraif
Legal and Compliance Advisor for Financial Institutions. Former Lecturer in the Higher Judicial Institute at Al-Imam Muhammad Ibn Saud Islamic University.
Nasser A Alturiri Law Office
Nasser Abdulwahab Al-Tariri’s office undertakes legal work in the platform’s business, through a periodic review of the contractual cycles in which the platform enters with others, to ensure that the platform’s work is in compliance with the standards set by the Sharia committee.
Meet our Founders
Mohamed Alomayyer
Experienced finance and fintech professional. A graduate from Dominican University in San Francisco, USA, he has experience working in different countries and leading organizations. He was Equity Director at Manafa Capital in Saudi Arabia, and prior to that served as MENA Director at ARC Capital in China.
Mohamad Alshaikh
Mohamad is an experienced banker who has worked in multiple local banks in Saudi Arabia, including the Samba Financial Group as Financing companies Offices as well as the Bank Aljazira’s as Central Region Corporate Finance Division Head.
Meet our Board Members
Abdullah Al-Rumaih
Abdullah bin Saud Al-Rumaih is a Saudi businessman who serves as the Chief Executive Officer of Al-Jazeera Paints Company. He is one of the prominent figures in the industrial and investment sectors in the Kingdom of Saudi Arabia. He began his career in the paints industry in 2003 and has led Al-Rumaih Industrial Group since 2015, achieving major accomplishments, particularly in the production and development of national products in the paints sector.
Nasser Al-Alturiri
A licensed attorney with extensive experience in designing and structuring fintech products. He has provided legal support to numerous companies in the financial sector, helping them develop innovative and compliant solutions.
Naif AlKhairallah
Naif is the Executive Vice President of Risk Management at SIDF, with over 21 years of banking experience, serving as Regional Head of Credit Risk at Bank Aljazira. He has held several important banking positions, and is considered one of the banking talents in the fields of risk management and financial product development in the Kingdom. He also serves as a board member of Al-Nassr Club.
Sulaiman Alaskar
Sulaiman is an expert in capital markets especially in equity, debt instruments and structured products. Also he gained wealthy experience by working in the Saudi Exchange (Tadawul), banking sector, and one of the global accounting firms (Big Four). He graduated from King Saud University with bachelor degree in accounting, holds certificate in IFRS, and international auditing.
Fahd Al-Aqeel
Fahd bin Ibrahim Al-Aqeel is a prominent Saudi leader in the financial and business sectors, with over twenty years of experience in banking and finance. He has held several positions, including Vice Chairman of Mobily Pay, Board Member of Najm Insurance Services Company, Vice President of Transformation and Strategy at Bank AlJazira, and formerly the Chief Executive Officer of the Saudi Payments Network.
Join a fintech Company with a big mission
People don’t join a company. They join a mission. And ours is big: Offering innovative financing solutions for every SME in Saudi Arabia. At our core, we are problem solvers; a learning organization with a growth mindset innovating and moving at a fast pace. Current financing solutions are focusing on large corporates leaving SME behind with no fast and cost-efficient way to unlock working capital. So we built a new one.