Souqalmal.com, a top financial comparison site in UAE allowing users to compare credit cards, loans and insurance products, has been named Online Business of the Year at the recent Gulf Capital SME Awards in Dubai, UAE.

Souqalmal.com was also highly commended in two other categories, the Gulf Capital Business of the Year and Entrepreneur of the Year. The fourth edition of the Gulf Capital SME Awards ceremony, organized by Meed saw 56 SMEs competing for the top spot across 11 award categories.

Souqalmal.com also received commendation honours in the Gulf Capital Business of the Year category, while CEO Ambareen Musa received special mention and was commended in the 'Entrepreneur of the Year' category.

"This is a remarkable win for the Souqalmal team. Being named as the Online Business of the Year is a vote of confidence in our growth strategy. It has been a phenomenal journey so far and the award is a recognition of our efforts in bringing a higher level of transparency to the marketplace,” Musa said.

Souqalmal.com offers an unbiased platform empowering users to compare over 2,800 retail banking, insurance, education and telecom products in the UAE and Saudi Arabia, he added.

"At Souqalmal, we strive to create financial awareness amongst consumers to help them better understand all aspects of their personal finance decisions before they commit. Winning the award validates the success we have achieved in providing a platform where users can find accurate, up-to-date and unbiased product information,” Musa added.

Souqalmal.com is on a high-growth trajectory with business revenues, website traffic and leads having grown by over 300 per cent in 2014, she pointed out.

The outlook for 2015 is also very optimistic with revenues expected to grow by over 90 per cent, she added. – TradeArabia News Service