1. About the site

Souqalmal.com (Souq al Mal is Arabic for ‘money market’) is the #1 comparison website in the Middle East and lets you compare financial and insurance products before you say ‘I do’.

Our vision was to create a highly transparent marketplace, empowering MENA consumers to make the right choice by bringing them all the latest details to compare in one place on more than 3,200 retail banking, telecoms, insurance and education products offered by various providers in the UAE and Saudi Arabia (KSA).

With more than 360 credit cards, 450 bank accounts, 147 personal loans, 100 car loans, 105 mortgages, 1143 mobile phone plans, 150 broadband plans, 280 schools and 234 nurseries and 100+ car deals, plus 115 SME financial products, the consumer portal allows customers to do their homework using up-to-date, unbiased information.

2. Our partners

Our media partners include Saudi GazetteGood magazineKhaleej TimesKipp Report and The National.

3. About the business

  • May 2012: Souqalmal.com launched – credit cards, personal loans, mortgages, bank accounts and car loans in UAE and Saudi Arabia (KSA)
  • October 2012: Souqalmal.com expanded into insurance and telecoms comparisons: car, health and content insurance, mobile phone plans and broadband plans
  • January 2013: Launched schools and nurseries comparison section
  • November 2013: Launched a section to allow users to review only Islamic banking products
  • December 2013: Hummingbird Ventures invests $1.2m in Souqalmal.com
  • May 2014: Responsive site launched
  • October 2014: Site redesigned and relaunched, UAE SME section launched
  • October 2015: Souqalmal.com named ‘The Online Business of the Year’ by Gulf Capital SME Awards Meed.
  • November 2015: Souqalmal.com ranked among top 100 SMEs in Dubai
  • June 2016: Souqalmal.com launches car insurance, becoming the largest car insurance aggregator in the UAE.
  • In 2017: Souqalmal launched our insurance comparison line where customers are able to compare their options of car, home and travel insurance and get an understanding of what they are eligible for.
    • We work directly with insurance providers and our moto is Go Direct Go Safe.  The level of fraud in motor insurance has been on the increase, we are the only comparison site is why we connect you directly with insurance providers
    • Souqalmal current is now the largest direct to insurance website where we provide you with what you are eligible for and allow you to pay directly to the insurers and ensure safety and integrity of your policy.
  • In 2021: Souqalmal launched its first every financial education program for employees.  It is a program with 10 different modules from Budgeting to buying a house in the UAE.  The program is taking off and currently employees of Careem, Emirates Catering.  Moreover, RakInsurance and Watania have partnered with us to provide the MoneyDoctor program to all their customers.

4. Contacting Souqalmal.com

5. Finding Souqalmal.com

Our offices are located at –

Jumeirah Lake Towers
Cluster T, Fortune Executive Tower, Office 2604
Tel: + 971 (0) 4 448 3016