He is the founder and managing director of Arriyada Financial & Economic consultant center in Riyadh, Saudi Arabia. In addition he is a partner and a member of board of directors of Jiwar Real Estate Management, Marketing & Development Co., which marketed the King Abdul Aziz Endowment (KAE) for The Two Holy Grand Mosques (Abraj Al Bait Complex) in Makkah Al Mukarramah. He is a member of board of directors and a member of the executive management committee of Alnima Bank, one of the largest Islamic banks in Saudi Arabia.
He has a long experience in Islamic Financing structuring, consultancy and advisory services. He developed a successful partnership between land owners, real estate developers, Islamic investment institutions, venture capital investors, real estate traders and residential end users for Islamic financing mega real estate development projects in Saudi Arabia and GCC countries.
The most prominent is King Abdul Aziz Endowment (KAE) for the Two Holy Grand Mosques in Makkah Al Mukarramah( Abraj Al Bait Project).He incubated unprecedented innovative Islamic project financing structuring through the project stakeholders financing model (ISFM): The Developer (SBG), the Islamic Investment Institutions, Venture Capital Investors, Real estate Traders and the Residential Unit Owners (End-Users). By implementing the Islamic Future Long Term Leasing Contract(Alijarh Almausufah Fee Althemah Wasfaa Yamnaa Algahalah Wa Al Gharar) to all those stakeholders to sell the exclusive leasing rights of: Tower, Floors & Residential units to each stakeholders respectively, and funding goes from one to other. (KAE)its built area is 1.5 mil.m2 and is considered the largest private Islamic financing structuring in the history of Saudi Arabia.
He has over 18 years of extensive and outstanding knowledge and experience in Islamic Banking and Financing including ten years in Al Rajhi bank which is the largest Islamic bank in Saudi Arabia and the world.
He served as assistant general manager of banking group and a member of the supreme management executive and credit committees at AlRajhi bank, where he participated in Islamic financing structuring various mega projects and monitoring Shariah Compliance in banking and financing transactions. He managed reengineering and development projects in banking, human resource management and IT with cooperation of international consulting firms such as AT Kearney, and EDS.
He started his career in 1975 as an assistant teacher in the college of Economic and Administration at King Abdul Aziz University (KAU), Jeddah, Saudi Arabia. He holds a first class (honors) BA degree from Faculty of Economics and Administration at KAU, MA in management from California State University and PhD in organization development from Florida State University, USA. He has taught Management, organization development and Islamic management and economics. Also, he had held associate professor and deputy dean of the faculty of Economics and Administration at King Abdu Alaziz University, Jeddah, KSA.