Rize taps SAR 187.5 mn for its rental book, Nadec lifts its Al Raie stake to 100%

Rize bankrolls its rent book

Saudi proptech Rize has secured a SAR 187.5 mn asset-backed Murabaha facility from Jadwa Investment to finance its residential rental-contract portfolio, according to a press release. The facility is dedicated to funding Rize’s underlying rental contracts, giving the company additional capacity to fund monthly rent arrangements without using shareholder capital to finance the contracts. Rize will instead keep its equity focused on product development, technology, talent, partnerships, and expansion across Saudi Arabia.

BACKGROUND- Rize plans to gain market share and continue offering flexible payment options as it transitions into a rental infrastructure company, co-founder and CTO Mohammed Alfraihi told EnterpriseAM in a previous interview. The firm also raised USD 35 mn in a Series A round comprising equity and debt in January 2025.

Nadec takes 100% of Al Raie

National Agricultural Development Company (Nadec) has taken ownership of Al Raie National Livestock after meeting the paperwork and collateral requirements to lift its stake to 100%, Argaam reports, citing a Tadawul filing. The move follows a May agreement to buy out partner Anaam Saudi for Trading’s 49% stake for SAR 23.69 mn.