175 Followers on Owler


Souqalmal is an online portal that allows users to search and compare banking and insurance products. Read more

Ambareen Musa's photo - Founder & CEO of Souqalmal

Founder & CEO

Ambareen Musa

CEO Approval Rating





PrivateIndependent Company

Est. Annual Revenue
Est. Employees









Missing a competitor? Contribute!

Deal4loans is seen as one of Souqalmal's top competitors. Deal4loans was founded in 2009, and is headquartered in Noida, Uttar Pradesh. Like Souqalmal, Deal4loans also competes in the Internet Software industry. Deal4loans generates $2.1M more revenue vs. Souqalmal.

Compare The Market is a top competitor of Souqalmal. Compare The Market was founded in 2006, and its headquarters is in Peterborough, England. Like Souqalmal, Compare The Market also competes in the Internet Software field. Compare The Market has 544 more employees than Souqalmal.

Compare Europe Group is Souqalmal's #3 rival. Compare Europe Group was founded in London, England} in 2015. Like Souqalmal, Compare Europe Group also works within the Internet Software industry. Compared to Souqalmal, Compare Europe Group generates $2.9M less revenue.


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Growth Score - 1/1

Is 56 a good estimate for Souqalmal's Employee count?

Souqalmal Acquisitions

No recent acquisitions found related to Souqalmal

Souqalmal Funding History

Since Souqalmal was founded in 2012, it has participated in 2 rounds of funding. In total Souqalmal has raised $11.2M. Souqalmal's last funding round was on Oct 2017 for a total of $10.0M





Series B
Oct 2017
Jan 2014

Hummingbird Ventures

Since Souqalmal was founded in 2012, it has participated in 2 rounds of funding. In total Souqalmal has raised $11.2M. Souqalmal's last funding round was on Oct 2017 for a total of $10.0M

Souqalmal Investments

No recent investments found related to Souqalmal

Souqalmal News

November 22, 2017Arabian Business

Souqalmal.com to offer health insurance online

Customers will now be able to get insurance in about five minutes using the digital platform... See more »
November 21, 2017Zawya

Takaful Emarat partners with Souqalmal.com, the Middle East's Leading Comparison Website

Takaful Emarat s Mandatory Health Insurance products will now be available through Souqalmal s compre... See more »
November 11, 2017Gulf Business

Lifting of female driving ban spurs Souqalmal's Saudi expansion

The comparison site will officially launch its insurance comparison platform in the kingdom soonThe p... See more »
April 28, 2017Zawya

Insights on car insurance policies revealed by dubizzle and Souqalmal.com

Dubai - A recent study on car insurance premiums by dubizzle Motors and Souqalmal.com revealed that 9... See more »
March 7, 2017Zawya

Majority Of UAE Respondents Want Better Banking Standards

Results from the survey revealed that 25 per cent of UAE respondents would actively recommend their b... See more »
January 22, 2017Zawya

Souqalmal.com announces partnership with Skyscanner

Souqalmal.com has committed itself to offering UAE residents a comprehensive and unbiased platform wh... See more »
August 9, 2016Zawya

Souqalmal.com becomes the fastest growing online car insurance portal

Dubai, United Arab Emirates - Souqalmal.com, who announced the launch of its online end-to-end car in... See more »

Souqalmal Blogs

April 18, 2018Souqalmal Blog

Getting Off-Road Cover For Your 4X4? Check Roadside Assistance

Heading into the desert on your favorite Off-Road route anytime soon? You might want to check your mo... See more »
April 18, 2018Souqalmal Blog

Natural Disasters - Will Your Car Insurance Cover The Damage?

Flooding is not a common scene in the UAE but when it does happen during seasons...Do Insurance provi... See more »
April 17, 2018Souqalmal Blog

Car Modification and Its Impact on Insurance

Car modification can seriously affect how insurers assess your car insurance policy in several areas.... See more »
April 15, 2018Souqalmal Blog

Car Insurance : Paying Attention to the Small Print

We explain how the finer details of a Car Insurance policy as well as its limitations and conditions,... See more »
April 12, 2018Souqalmal Blog

Home Contents Insurance and It's Importance

Wondering if you need Home Contents insurance? Think about how you would cope if you lost your valuab... See more »
April 7, 2018Souqalmal Blog

How Is Interest Calculated on Credit Cards ?

How and when do Credit Card Interests get charged? Here's a simple summary on the interest calculated... See more »
April 7, 2018Souqalmal Blog

The Cost of Outsourcing A Stay-At-Home Mum's Job

Being a stay-at-home mum is no easy task, with mums managing multiple tasks in their households. We f... See more »

Souqalmal Press Releases

October 11, 2015PR NEWSWIRE

Room for Improvement

DUBAI, UAE, October 11, 2015 /PRNewswire/ -- When making a major financial decision, do we have the k... See more »
November 4, 2014PR NEWSWIRE

A Third of SMEs Have Signed up for a Bank Loan

DUBAI, UAE, November 4, 2014 /PRNewswire/ -- However self-funding still the most popular finance opti... See more »

Souqalmal Videos

Social Media

Souqalmal Headquarters

Jumeirah Lake Towers Cluster T, Fortune Executive Tower, Office 2604

Dubai, Dubai Emirate


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Souqalmal Summary



Souqalmal is an online portal that allows users to search and compare banking and insurance products. Souqalmal was founded in 2012. Souqalmal's headquarters is located in Dubai, Dubai Emirate, AE . It has raised 11.2M in 2 rounds. The latest round wa...


Souqalmal's Founder & CEO, Ambareen Musa, currently has an approval rating of 54%. Souqalmal's primary competitors are Deal4loans, Compare The Market & Compare Europe Group.

Frequently Asked Questions about Souqalmal

  1. When was Souqalmal founded?

    Souqalmal was founded in 2012
  2. Who is Souqalmal's CEO?

    Souqalmal's CEO is Ambareen Musa
  3. How much revenue does Souqalmal generate?

    Souqalmal generates $3.9M in revenue
  4. How much funding does Souqalmal have?

    Souqalmal has historically raised $11.2M in funding
  1. Where is Souqalmal's headquarters?

    Souqalmal's headquarters is in Dubai Dubai Emirate, AE
  2. How many employees does Souqalmal have?

    Souqalmal has 56 employees
  3. What sector does Souqalmal operate in?

    Souqalmal is in Internet Software
  4. Who are Souqalmal's competitors?

    Souqalmal's top competitors are Deal4loans, Compare The Market, Compare Europe Group