Bahrain’s savings and investment software company, MenaMoney Group, has appointed Ali Al Qassab as Chief Executive Officer of its fintech business line, MenaMoney Technology, effective immediately.
In his new role, Al Qassab brings over two decades of industry leadership experience. He co-founded MenaMoney in 2020 and has been serving as Chief Technology Officer for more than five years.
“Ali’s appointment comes ahead of the company’s participation in Fintech Forward 2025, Bahrain’s largest annual fintech event, which will bring together more than 1,000 delegates from the financial industry worldwide,” the group said while announcing the appointment.
Prior to MenaMoney, Al Qassab held key leadership roles at Radiocare Medical Center, Arab Insurance Group (ARIG), and Takaud Savings and Pensions.
Welcoming Al Qassab to the new role, Ebrahim K. Ebrahim, CEO of the group, said, “I’m delighted to welcome Ali as CEO of MenaMoney Technology. Having been a companion on my work journey for the past 12 years, especially more recently at MenaMoney, Ali understands our savings and investments ecosystem inside out, as well as the global financial software industry. This makes him uniquely placed to take us forward.”
He added, “What distinguishes MenaMoney is that it was established from day one through the pure vision and talent of ambitious Bahraini youth. Ali’s efforts have been instrumental in building the unique investment solutions we have today, and I know he will bring that same energy and passion into this new role to establish MenaMoney Technology as a leader in the global fintech landscape.”
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Al Qassab expressed, “It’s a privilege to step into the role of CEO of MenaMoney Technology and lead such a dynamic and ambitious tech business. The firm has already achieved so much in building state-of-the-art fintech solutions for long-term savings and investments, and I’m excited to build on that foundation.
“My focus will be on delivering a successful launch of our PortfolioManager product this year, and on further optimising our Robo Advisor and Group Savings Portal products by leveraging innovative AI capabilities in the near term, ensuring MenaMoney Technology leads the MENA region in the savings and investment software space.”