Built by Former Saudi Regulators and Capital Market Professionals

Dal was founded by former Capital Market Authority regulators and market professionals to make financial services compliance clear, fast, and growth-ready for market participants.
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Mission Statement

To enable and grow The Saudi Capital Market.

Our Story

Dal was founded on a simple truth: Saudi capital market firms and innovators need expert local guidance and purpose-built tools for the Kingdom.

Our ex-CMA advisors decode regulations and policies, providing your organization with actionable insights and implementation support - while our engineering teams provide RegTech solutions to automate compliance activities for the needs of CMA regulated entities.

Together, our advisory and technology practices remove friction, provide clarity, and safeguard capital market firms to grow with confidence.

Core Values

Dal unites ex-CMA insight with purpose-built software to simplify compliance and fast-track growth. We turn complex Saudi capital-market regulations into clear, actionable steps.

Regulatory Integrity

Advice that mirrors CMA standards.

Client-Centric Success

Our clients’ goals frame every engagement.

Clarity & Simplicity

Plain-language guidance without the jargon.

Continuous Innovation

Enhancing products & services ahead of expectations

Saudi Market Stewardship

Enabling the financial sector in line with Vision 2030 and beyond
Our Team

Leadership

Seasoned former regulators and capital market professionals guiding you to growth.
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Image of Mohammed Alhije
Mohammed Alhije, CFA
Chief Executive Officer — Managing Partner
Holds a Bachelor's degree in Actuarial Science from King Fahd University of Petroleum and Minerals. Previously worked as the Head of the Market Stability Risk Unit at the Capital Market Authority. Also served as an Investment Expert at the General Organization for Social Insurance (GOSI).
Ibrahim bin Nafjan
Ibrahim bin Nafjan
GRC Advisory — Partner
Former team leader in the inspection of capital market institutions, with 15 years of experience at CMA and its operations. Specialized in compliance, licensing, GRC, and inspection. Former team leader at the CMA licensing. Holds professional certifications: CCO, GRCP, ICWIM, and CME-2.
Image of Noaf Alsolai
Nawaf Alsolai
Internal Audit & Financial Reporting — Partner
Expert of Internal Audit, and former expert in Compliance of Capital Market Institutions at the Capital Market Authority’s Capital Adequacy Unit. As a former external auditor at KPMG and worked at Saudi Industrial Devolopments Funds (SIDF), he holds several professional certifications in audit and compliance, including CMA 2, GRCP, and GRCA.
Image of Hassan Sheikh
Hassan Sheikh
Chief Product Officer — Partner
10+ years of experience working with financial institutions across KSA & MENA. Previous Head of Digital & Technology at Sidra Capital. Led teams at series A and B FinTech startups. Former EY consultant working with banking clients in risk & compliance. MSc in Strategic Marketing from Imperial College London.
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Dr. Dhaifallah Alwadani
Technology and Business Development Consultant — Partner
Holds a Ph.D. from the University of Stirling and a Bachelor's degree in Computer Engineering from KFUPM, 10+ years of experience in AI and building tech companies. Co-founder and former CTO of Dinar Financial and Shwra, where he led product development and innovation in the region.
Image of Jehad Alsuwayyid
Jehad Alsuwayyid
Licensing Project Manager
Experience establishing and managing set up for numerous financial institution & FinTech licensing clients. He holds a Bachelor's degree in Actuarial Science and Financial Mathematics from King Fahd University of Petroleum and Minerals. He is also Certified in CME-1 and CME-2.
Image of Jehad Alsuwayyid
Ammar Bukhamseen
Accounting and Finance Expert
Accounting and finance professional with proven experience at CMS MENA, Deloitte, and Dar Al Arkan. Skilled in accounting, auditing, and business analysis. Holds a Bachelor’s degree in Finance from KFUPM and has successfully completed Part 2 of the Certified Management Accountant (CMA) certification.
Image of Jehad Alsuwayyid
Dima Alhurib
Senior IPO Readiness Specialist
She holds a bachelor's degree in Finance and Investment from Imam Muhammad ibn Saud Islamic University. She has more than three years of experience in investment banking and private equity, during which she worked on preparing and qualifying several companies for listing on the public Saudi financial market.
Image of Jehad Alsuwayyid
Abdallah ElMaradny
Staff Engineer
A software engineer with over 8 years of experience in backend systems development and scalable cloud solutions. He has worked at startups and large enterprises such as AIQ in Abu Dhabi and Blink22, where he led the development of FinTech and e-commerce platforms and delivered advanced technology solutions.

#Move_Confidently

Focus on what matters - we’ll handle the rest.
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