Saudi Platform Ark Secures $1 Million in Pre-Seed Funding Led by Core Vision Investment
Saudi platform Ark, specializing in usufruct contract trading and diverse real estate investment options, announced that it has raised $1 million in a Pre-Seed funding round led by Core Vision Investment. The platform highlights that this investment will strengthen its capability to meet the growing demand in the real estate market and deliver innovative solutions for investors.
Founded in 2023 by Waheed Al-Jassas, Ark operates under a license from the Real Estate General Authority, covering all regions across Saudi Arabia. The platform adheres to Shariah-compliant practices, with no late penalties imposed.
Commenting on the investment, Faisal Abdul Salam, CEO of Core Vision Investment, praised Ark’s business model and expressed confidence in the team’s ability to develop PropTech solutions that fulfill customer needs and enhance the investment landscape for usufruct contracts in the Kingdom.
This announcement coincides with the Global PropTech Summit, organized by the Real Estate General Authority, which focuses on digital transformation in the real estate sector and the role of emerging technologies in shaping the future of PropTech.
