Riyadh-based fractional real estate investment platform Ghanem secured USD 7.1 mn in funding from Al Romaih Group, according to a press release. The funds will drive the firm’s expansion plans and the development of new products.

Use of proceeds: The fresh funds will help expand the team and accelerate the rollout of two upcoming products, including an enhanced fractional ownership model that lowers the entry threshold for retail investors and an usufruct product offering rental income-backed protections rather than asset-based collateral, Ghanem’s CEO Saleh Al Ghamdi told EnterpriseAM.

Milestones: Ghanem has already launched its fully integrated app — complete with fully automated payment systems and automated e-KYC — prior to the funding round. Looking ahead, Ghanem aims to reach SAR 1 bn in assets under management within the next three years, driven by the massive Saudi market where the firm is an early pioneer in this new category of ownership, Al Ghamdi told us. He emphasized the role of an increasingly mature regulatory environment, lauding the Real Estate General Authority and its Sandbox for enabling emerging real estate models.

A fresh market: While some regional markets such as Egypt and the UAE are already well developed in proptech and alternative real estate investments, Al Ghamdi believes that the Saudi market still offers significant untapped potential. He pointed to major regulatory shifts that are reshaping the sector — from rent reforms to the White Land Tax — as catalysts for a growing market. Alghamdi also sees strong demand today for commercial properties, particularly in Riyadh, as residential activity remains robust amid the expansion of new developments nationwide.

Ghanem’s partnership with Al Romaih Group stems from the group’s deep expertise in the real estate market, Al Ghamdi said. “The group’s involvement brings not only capital but also offers sector-specific knowledge that will support Ghanem’s ambition to scale up a new class of regulated, technology-enabled real estate investment products in the Kingdom.”

About Ghanem: The firm offers a digital real estate platform that allows users to buy fractional stakes in income-generating properties, giving smaller investors a way into the market. It manages the assets on behalf of investors — from leasing to maintenance and income payouts. Its model caters to individuals and institutions seeking regulated, tech-based access to real estate investments without taking on full ownership.

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