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Founded Year



Corporate Majority | Acquired

Total Raised


About Souqalmal

Souqalmal is an insurance and financial aggregator/comparison site in the UAE & KSA that allows users to compare retail banking products and insurance. Souqalmal brings together on one platform details on thousands of retail banking, telecoms, insurance, and education products offered by various providers in the UAE and Saudi Arabia (KSA).On March 21, 2022, SHUAA Capital acquired a majority stake in Souqalmal. The terms of the transaction were not disclosed.

Souqalmal Headquarters Location

Office 2604, Fortune Executive Tower Jumeirah Lake Towers


United Arab Emirates

+971 (0) 4 448 3016

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Expert Collections containing Souqalmal

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Souqalmal is included in 1 Expert Collection, including Insurtech.



3,494 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

Latest Souqalmal News

SHUAA Capital acquires majority stake in fintech firm Souqalmal

Mar 23, 2022

Dubai Financial Market-listed SHUAA Capital psc, which is the leading asset management and investment banking platform, has completed a strategic investment in UAE-based fintech Souqalmal. The investment will provide growth capital, enabling Souqalmal to carry out an aggressive growth strategy over the next 24 months. Following the investment, Ambareen Musa, the founder and CEO of Souqalmal, will continue to lead the company and oversee the expansion of its services. SHUAA joins existing strategic investors Riyad Capital and UK comparison website GoCompare, both of which will remain Souqalmal shareholders. This investment contributes to SHUAA's strategy of expanding its digital offerings and improving personal finance and investment opportunities for consumers. Furthermore, this vision aligns with Souqalmal's future growth as the company seeks to strengthen its offering and develop a personal financial management platform that includes financial education and awareness.

Souqalmal Web Traffic

Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Souqalmal Rank

  • When was Souqalmal founded?

    Souqalmal was founded in 2012.

  • Where is Souqalmal's headquarters?

    Souqalmal's headquarters is located at Office 2604, Fortune Executive Tower, Dubai.

  • What is Souqalmal's latest funding round?

    Souqalmal's latest funding round is Corporate Majority.

  • How much did Souqalmal raise?

    Souqalmal raised a total of $15.9M.

  • Who are the investors of Souqalmal?

    Investors of Souqalmal include SHUAA Capital, 500 Global, UAE Exchange Centre, Taqnia, and 7 more.

  • Who are Souqalmal's competitors?

    Competitors of Souqalmal include Beema Insurance.

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