Tarabut Gateway appoints Tariq Sanad as CFO
“Open banking is one of the most promising sectors in the region, brimming with opportunities, particularly in the Kingdom of Saudi Arabia. I eagerly anticipate transforming this incredible start-up, which originated from my home country of Bahrain, into another success story for the region.”
Tarabut Gateway has announced the appointment of Tariq Sanad as the new Chief Financial Officer (CFO) of the MENA-focused open banking platform.
Tariq Sanad is a seasoned CFO, corporate financier, and entrepreneur whose career includes playing the role of CFO at Pure Harvest Smart Farms as well as CFO at fetchr. Other previous roles include CMO & VP Finance at Careem and Group Finance Manager at Procter & Gamble.
From 2012 to 2015, Tarabut’s new CFO was the Founder of Lime&Tonic, a digital marketing platform for Hotels, Restaurants, and Spas delivering unique experiences across multiple cities.
Tariq Sanad joins Tarabut after roles in Pure Harvest, Procter & Gamble, and Careem
Tariq, a Bahraini national, boasts over 20 years of experience in the finance field, joins Tarabut Gateway from Pure Harvest Smart Farms, where he served as CFO since 2020. The technology-enabled sustainable agribusiness is one of the highest-funded startups in the MENA region, with $387 million in funding. It has attracted capital from international institutional investors like Kuwait’s Wafra International Investment Company, the UK’s Metric Capital Partners and the US-based global investment firm Franklin Templeton.
His career includes nine years in corporate finance roles at multinational consumer goods powerhouse – Procter & Gamble, where he managed billion-dollar consumer brands such as Gillette and Pantene.
Tariq was also among the first 100 team members at Careem, the first unicorn and super-app in the MENA region, where he served as the CMO & VP of Finance starting in 2015.
“There is nothing quite like the challenges of developing a start-up’s original vision into a success story”
Abdulla Almoayed, Founder and Chief Executive Officer at Tarabut Gateway, said: “It is a pleasure to welcome Tariq to our team at Tarabut Gateway as we universalise open banking across the MENA region. His exceptional track record and leadership as a finance and marketing leader gives him deep expertise and insight into the intricacies of a growing business operation. Tariq joins as we rapidly expand operations region-wide, further enriching our team of world-class talent.”
Tariq Sanad, Chief Financial Officer at Tarabut Gateway, added: “I am thrilled to join the dynamic team at Tarabut Gateway as Chief Financial Officer. There is nothing quite like the challenges of developing a start-up’s original vision into a success story that benefits consumers, businesses, and the wider society. Open banking is one of the most promising sectors in the region, brimming with opportunities, particularly in the Kingdom of Saudi Arabia. I eagerly anticipate transforming this incredible start-up, which originated from my home country of Bahrain, into another success story for the region.”
Tarabut raised $32 million to expand to Saudi Arabia
Tarabut Gateway has recently raised $32 million in a Series A funding round aimed at supporting its expansion in the Kingdom of Saudi Arabia, where the company was one of the first fintechs to recently receive an Open Banking Certification from SAMA.
Recent hires include Chun Ong as Chief Operations Officer, previously Chief Operations Officer at Molo (UK’s leading digital mortgage lender); Nino Ocampo as Chief Product Officer, formerly the Global Head of Open Banking at HSBC; and Mitul Sudra, who co-founded OpenWrks, as Chief Technology Officer.
Tarabut Gateway provides platform-agnostic solutions for banks, lenders, and fintechs to build personalized and streamlined financial products and apps. The firm is building an open banking infrastructure across KSA, the UAE, and Bahrain, with plans for further MENA expansion.