About Dal

Our Story

Dal was founded on a simple truth: financial institutions and innovators in Saudi Arabia need expert local guidance and purpose-built technology for the Kingdom.

Our team combines deep regulatory experience with technology expertise to help financial institutions navigate complex requirements, strengthen compliance, and operate with greater confidence. With particular depth in Saudi capital markets, our ex-regulator and industry professionals bring practical insight into the needs of financially regulated firms, while our technology teams build RegTech solutions that automate critical compliance activities across financial services.

Together, our advisory and technology practices help financial institutions reduce friction, improve clarity, and scale with confidence.

Why Dal Exists

We built Dal for the ones building the future

Ayn, our regulatory technology solution, is at the center of what we do. It was built specifically for the Saudi market and how its regulation works in practice. Ayn brings compliance into a single system that is automated, accurate, and connected directly to the requirements firms deal with every day. Alongside it, our advisory team supports the decisions that call for experience as well as technology.

We handle the demanding, technical side of compliance, so our clients can focus on growing their business.

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

We hold our work to the standard of the regulator itself.

Built Around the Client

Our clients’ goals frame every engagement.

Clarity and 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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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

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.

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.

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.

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.

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.

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.

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.

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.

Dal proved to be a great partner in enhancing our GRC functions. The success of our initial risk project demonstrated their value so clearly that we engaged them for a full-scale implementation across all GRC domains. To us, Dal isn’t just a vendor—they’re a strategic partner in navigating the capital markets regulatory environment.

Abdulaziz Alsayyari

Chief Executive Officer, Sukuk Capital

We couldn’t be happier with Dal’s support! They helped us navigate risk and regulatory requirements with clarity and simplicity. Their deep expertise and actionable insights were immediately implementable. What truly sets them apart is their genuine partnership—acting as a real extension of our team.

Majed Al-Ruwaie

Head of Compliance, MEFIC

Dal’s AML platform has truly been a game changer for us. Alongside comprehensive global PEP and sanctions screening, it has automated and streamlined CMA reporting, saving us significant time and effort. What sets Dal apart is their deep understanding of CMA requirements and how things are done in practice — they simplify the process and make it much easier to navigate. On top of that, their customer support is outstanding: responses come quickly, often within the hour, and they don’t just acknowledge feedback but act on it, reflecting and implementing improvements without delay. Their commitment, agility, and reliability have made them not just a solution provider, but a trusted partner for us at Pinnacle Capital.

Maha AlThehaiban

Compliance & AML Lead, Pinnacle Capital

Dal began where others stopped. We quickly came to rely fully on their platform. Their true strength shows in handling Nafith, Makken, and Adverse Media. The pace of their development is impressive, and with such a passionate team, it’s hard to imagine how far they’ll go a year from now!

Norah Albarraq

Chief Compliance Officer, TAM Capital

Dal transformed what is traditionally a complex licensing process into a seamless, end-to-end experience—executed with precision and unwavering attention to detail. What set them apart was their tailored approach, clear communication, and deep understanding of both our needs and our business. With Dal, licensing became more than a transaction—it became the foundation of a long-term strategic partnership.

Waleed Almokbel

CEO of a Capital Market Institution & Former CMA Manager

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Built by Former Saudi Regulators and Financial Market Professionals

To enable and grow the Saudi financial market.

Our Story

Why Dal Exists

We built Dal for the ones building the future

Core Values

Regulatory Integrity

Built Around the Client

Clarity and Simplicity

Continuous Innovation

Saudi Market Stewardship

Our Partners

Leadership

Dal began where others stopped. We quickly came to rely fully on their platform. Their true strength shows in handling Nafith, Makken, and Adverse Media. The pace of their development is impressive, and with such a passionate team, it’s hard to imagine how far they’ll go a year from now!

#Move_Confidently

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