Jana Financial

Riyadh-registered fintech platform permitted in the CMA fintech lab to distribute real estate and other investment fund units to individual and institutional investors.

Industry: Investment fund distribution platform | Location: Riyadh, Saudi Arabia

About Jana Financial

Jana Financial (منصة جنى المالية), operated by Jana Al-Forsa Financial Company, is a Saudi fintech platform that distributes units of real estate investment funds, private equity, venture capital and fixed-income funds. The Capital Market Authority granted it a fintech lab experimental permit on 13 June 2023 for distributing investment funds and real estate investment funds. The company is registered in Riyadh under commercial registration 1010869149 and is owned by Al-Forsa Al-Riyadia Investment Company.

The platform aims to broaden participation of individuals and small investors in investment opportunities, diversify the fund types available, support the digital economy and contribute to financing small and medium-sized enterprises. It says registration takes three steps, that funds offered are Sharia-compliant, and that it targets individuals and entities alike. Its terms state that it performs due diligence on participating fund managers but does not provide investment analysis or advice. A mobile app is available.

The site lists Elm, Thiqah, ANB, TPC, Focal and Moyasar among its partners.

Board: Wael Al-Roumi is chair and a former CEO of Madad platform and former chief operating officer of Maalem Finance. Abdulmajeed Al-Mutairdi is board member and CEO, previously head of alternative investments at Malkia Investment. Independent members are Abdulaziz Al-Subaih (founder and CEO of Masaken Ishraqa), Abdullah Al-Muharib (co-founder and CEO of Wathiq Financial) and Saeed Al-Qarni (founder and CEO of Wusla Fintech).

Founding year beyond the 2023 permit, funding and fund-size figures are not published on the site.

Leadership