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Jeddah - Yasmine El Tohamy - Ayman Al-Fallaj has been the chief executive officer of THIQAH Business Services since 2017. Between 2012 and 2017, he was chief financial officer of the corporation, which is a leading provider of smart solutions and creative services for the business sector in Saudi Arabia.
He has also been a board member of the Saudi Venture Capital Co. and the Saudi Mass Participation Federation since 2018, and the Bayan Credit Bureau since 2016.
Al-Fallaj gained a master’s degree in finance from the UCD Michael Smurfit Graduate Business School, in the Irish capital Dublin.
Prior to his current position, he worked in investment banking at Greensea Capital, in London between 2011 and 2012, and was a senior planning financial analysis manager at Saudi Basic Industries Corp. (SABIC) from 2012 to 2013.
The Entrustment and Liquidation Center (Infath) and THIQAH Business Services recently signed an agreement to adopt the electronic auction platform for Thiqa, an approved sales channel for the sales agents to whom the center assigns liquidation projects. The accord was signed by Al-Fallaj and the CEO of Infath, Turki Al-Khalaif.
Electronic auctions are an effective way to enhance competitiveness and transparency in sales and liquidations, and provide better reach to the public, which contributes to preserving the value of the assets to be sold, the speed of completion of sales, and the return of rights to their owners.
In return, the agreement will regulate the technical requirements and rules of sale of the electronic platform to achieve a high standard of governance associated with monitoring operations, while reducing manipulation or fraud, ensuring adherence to the center’s supervisory rules and procedures, and enabling good sales agents to raise business standards and output quality.
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