Mazin Alshanbari comes from a Banking background, where he spent 7 years between NCB in Jeddah and Banco Santander in Boston. He served in several roles ranging from Consumer Credit Policy, Risk Management and Retail Distribution (Alternative Channels).
He returned to Saudi in 2013 to start a career in venture capital, but with the industry being so nascent, there was not many opportunities. That’s when he was introduced to and joined Takamol Holding, which was investigating the VC industry and its impact on job creation.
Upon joining Takamol, Mazin spent a month in South Korea learning about the different VC support programs upon his return he started developing a program called “Musharakah” to support and empower the VC and PE industry in the Kingdome by providing guarantees for bank facilities to qualified Fund Managers. The program was successfully launched in January 2015 and is currently in the process of onboarding three Venture Capital and two Private Equity Funds (Total Guarantees: SAR 1.1 Billion) with plans of onboarding more funds in future rounds of the program.
Mazin holds a bachelor degree in Industrial Engineering from Northeastern University, and an MBA from Babson College with a concentration in Entrepreneurial Finance.