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 & Board of Directors
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.
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.
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.
Naif AlKhairallah
Seasoned banker with accomplishments gained over 20 years working in corporate banking, risk management, remedial banking division and finally the vp of Risk management in SIDF.
Saad Almogren
With more than 15 years of experience in the private and public sectors, Mr.Saad through his knowledge helped to improve CX abilities in different entities. Executive Director of Beneficiary Experience in Adaa
Khlood Aldukheil
Board of Directors member, with more than 25 years of experience in financial advisory and investment banking services, and a CFA. Founder and CEO of Ertiqaa Financial Company, founding partner in Al Dekheil Financial Group
Zoha Alsinidi
Board of Directors member, CEO of Sajel Company, Vice President and Head of Content and Development Sector at Ertyad Training Company, with more than 10 years of experience in the training and banking sectors and a master of Business Administration.
Saleh Aluwaishiq
He has more than 20 years of experience in both the government and private sectors as a technology consultant for Dell International, where he managed projects worth one billion riyals. His duties in the government sector included preparing project specifications, analyzing technical proposals and selecting suppliers.
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.