- Ghanem, the Saudi proptech platform, closes a $7.1 million investment round led by Al Rumaih Group.
- The investment will accelerate product expansion and the development of Sharia-compliant fractional ownership solutions for real estate investors.
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Ghanem operates under the regulatory sandbox of the Real Estate General Authority, strengthening investor confidence and market transparency.
Ghanem, the Saudi proptech platform specializing in fractional real estate ownership, has announced the successful closure of a $7.1 million investment round led by Al Rumaih Group, one of the Kingdom’s leading investment groups in the real estate and financial sectors.
This investment marks a major milestone in Ghanem’s expansion plans, enabling the company to fast-track the development of its fractional ownership technologies, broaden its product offerings, and provide more accessible and transparent investment opportunities—especially by lowering the minimum entry point for investors.
Ghanem operates under the regulatory sandbox of the Real Estate General Authority, offering a trusted regulatory environment that enhances investor confidence and ensures the credibility of its investment models.
Vision and Future Growth
Ghanem aims to introduce innovative, Sharia-compliant investment products that empower individuals to enter the real estate market with greater ease and flexibility. The platform’s approach aligns with Saudi Vision 2030, which seeks to increase investment participation and diversify the national economy.
Commenting on the round, Saleh Al-Ghamdi, CEO and Co-Founder of Ghanem, said:
“We are proud of our partnership with Al Rumaih Group, which shares our vision for advancing the real estate investment sector and enabling individuals to benefit from fractional ownership opportunities. This investment will empower us to expand our products and strengthen our presence in the market, supporting the goals of Saudi Vision 2030.”
With this new funding, Ghanem continues to cement its position as a key player in the Kingdom’s growing proptech sector, offering modern, flexible, and Sharia-compliant real estate investment solutions tailored to the needs of today’s investors.
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