Majed M. AlTahan is an award-winning entrepreneur and e-commerce pioneer in the Kingdom of Saudi Arabia. Throughout his career, Majed has been at the forefront of driving innovation and excellence in Saudi Arabia’s tech and digital commerce sectors, making a significant impact across various industries including retail, sports, healthcare and the food industry.
Through his various projects and endeavours Majed remains focused on leveraging technology to create solutions to transform convenience and efficiency in everyday life, making him a revered figure in the Middle East’s technology industry.
Current Roles:
Founder & CEO, IACO
Majed currently serves as the CEO of International Applications Company (IACO). In 2016, Majed developed the first online grocery shopping service in Saudi Arabia, in partnership with BinDawood Holding, the leading Saudi retailer. IACO, a digital transformation company, developed and operates BinDawood Holding's retail chains' Danube and BinDawood e-commerce channels. In 2023, 62% of IACO was acquired by BinDawood Holding.
Co-Founder & CEO, Danube Online
Majed co-founded and led Danube Online and the Danube App which was a first mover in Saudi Arabia’s e-commerce grocery space and redefined the grocery retail landscape in Saudi Arabia.
Executive Director, AlTahan Investments
A versatile and dynamic investor, Majed has spearheaded venture capital funding for over 40 enterprises across various sectors through AlTahan Investments. These include fintech, with a focus on ‘Buy Now Pay Later’ services; healthcare, emphasizing primary care clinics; the food industry, covering both food production and restaurants; technology, particularly in e-platforms for sports; and the media industry.
As well as leading investment capital funding for a broad range of enterprises, Majed has founded or acted as an advisor in the development of the following Saudi companies; Tawkeel (an application which offers Umrah Al Badel services for Muslims around the world), Walking Challenge (an application which encourages users to walk more by offering rewards and activities to encourage movement), Wardstation (an application for gift and flower deliveries in KSA), Presto and Momento (Italian restaurant establishments), Skore (high-end bakery and restaurant) and Ghayla (a KSA loyalty program).
Board Memberships
Majed is a board member in four companies including Spike E-Media and Al Nahdi Group.
Previous Roles & Accolades:
Founder & CEO, AYM Commerce
Majed co-founded and led Danube Online and founded AYM Commerce to specialize in breakthrough digital technologies and power online businesses in the region. Within one year of launch, Danube Online and the Danube App had redefined the grocery retail landscape in Saudi Arabia, winning the ‘Retail Technology of the Year’ award at Seamless Middle East Awards, where AYM Commerce was named ‘Start Up of the Year’ in the same year. As Danube Online continued to expand across the Kingdom and enter into new markets in the region, these accolades were followed by Majed being named as ‘Young CEO of the Year’ at the Saudi Top Achiever awards and ‘Digital Leader of the Year’ at the Seamless Awards in 2019, where Danube Online was also named ‘Most Admired Online Retialer in the Kingdom of Saudi Arabia’. At AYM Commerce, Majed led the development of the Mobily Neqaty Rewards Program, and the Pampers Club Loyalty Program with Procter & Gamble.
Education:
Bachelor of Architecture – King Abdulaziz University, Jeddah, Saudi Arabia