Saudi Arabia-based property technology startup Ghanem has raised an additional $1.5 million in a pre-seed funding extension, bringing its total funding for the round to $8.6 million as it seeks to expand access to real estate investment through fractional ownership.
The latest investment, backed by real estate companies and strategic angel investors, builds on the $7.1 million the company previously secured, with participation from Al-Romaih Group.
Venture capital firm Waad VC has also invested in the startup. Founded in 2025, Ghanem enables individuals and institutions to invest in income-generating properties with minimum investments starting at SAR 1,000, depending on the opportunity.
The company plans to use the additional capital to improve its technology, diversify property investment opportunities and establish strategic partnerships.
What to Know About Ghanem
Founded in 2025 by Saleh Waheed Al-Ghamdi and Amr Essam, Ghanem operates a digital real estate investment platform designed to make property ownership more accessible to individuals and institutional investors in Saudi Arabia.
The company focuses on fractional real estate ownership, a model that allows multiple investors to acquire stakes in a property rather than requiring one person to purchase the entire asset.
Through its platform, investors can participate in income-generating real estate opportunities with investments starting at SAR 1,000, depending on the property.
The model provides access to potential rental income while giving investors an ownership interest in a tangible asset, subject to the terms and legal structure of each investment.
Before properties are listed, Ghanem says they undergo verification, due diligence and valuation processes. These include reviewing ownership documents and obtaining valuations from accredited valuers.
The company also states that all its products have been approved as Sharia-compliant by its Sharia committee, reflecting its efforts to align its investment offerings with Islamic finance principles.
Ghanem’s $8.6 Million Funding Round and Growth Plans
The latest $1.5 million investment extends Ghanem’s earlier $7.1 million pre-seed round to $8.6 million. The additional capital was provided by real estate companies and strategic angel investors, while Al-Romaih Group participated in the earlier financing and Waad VC has also invested in the company.
The funding comes as Ghanem seeks to strengthen its technology, expand the range of properties available to investors and develop partnerships that support its growth.
For an early-stage startup, pre-seed funding provides resources to develop its product, improve operations, attract customers and establish a sustainable business model.
Saleh Waheed Al-Ghamdi, Ghanem’s chief executive officer and co-founder, said the extension would support the company’s next phase of development.
“This pre-seed extension provides important support for the next stage of our journey,” said Al-Ghamdi.
He added that the company values the confidence of its investors and the involvement of partners with direct experience in the real estate market.
Al-Ghamdi said Ghanem intends to use this expertise to diversify investment opportunities and improve the investor experience as the company expands its services.
580 Investors Receive Digital Ownership Deeds as Operations Advance
Ghanem says it has achieved several operational milestones, including executing multiple real estate investment transactions, attracting thousands of registered users and beginning rental income distributions without payment delays.
One of its notable developments was the issuance of digital ownership deeds to 580 individuals who participated in its first income-generating property investment opportunity.
The deeds document the investors’ fractional ownership interests, providing evidence of their stakes in the property.
The company has also signed and activated a digital integration agreement with Saudi Arabia’s Real Estate Registry, enabling fractional ownership interests to be registered and ownership deeds issued in investors’ names through an integrated digital process.
The developments indicate that Ghanem has progressed beyond simply building a digital platform to facilitating investment transactions and documenting ownership.
However, the number of registered users should not be confused with the number of active investors, while the company’s claims concerning uninterrupted rental distributions have not been independently verified in the supplied announcement.
The milestones will be important as the startup seeks to build investor confidence and demonstrate that its fractional ownership model can operate effectively at a larger scale.
Regulatory Sandbox Participation and Sharia Compliance
Ghanem has joined the regulatory sandbox of Saudi Arabia’s Real Estate General Authority (REGA), where it launched its fractional ownership product under regulatory supervision.
A regulatory sandbox provides a controlled environment in which innovative business models can be tested and developed while operating within specified regulatory conditions.
The company’s participation forms part of its efforts to develop the technical and operational systems required to simplify property investment and ownership documentation.
Its integration with the Real Estate Registry further supports this objective by enabling the digital registration of fractional ownership interests and the issuance of deeds in investors’ names.
Ghanem also says its products have received Sharia-compliance approval from its Sharia committee, an important consideration for investors seeking investment opportunities consistent with Islamic finance principles.
Nevertheless, participation in a regulatory sandbox should not automatically be interpreted as unrestricted regulatory approval or a guarantee against investment losses.
Investors still need to understand the legal structure of each offering, associated fees, rental income arrangements and the conditions for exiting an investment.
What the Additional Funding Means for Ghanem’s Future
Ghanem’s latest funding extension positions the company to develop its platform and broaden access to Saudi Arabia’s real estate investment market.
By lowering the minimum entry point for eligible opportunities, the startup aims to attract investors who may not have sufficient capital to purchase entire properties independently.
Its digital infrastructure, ownership documentation and rental distribution model are central to that strategy.
The company plans to introduce a wider range of property investment opportunities and strengthen partnerships with real estate businesses and other strategic stakeholders. These efforts could help it expand its offerings and reach more individual and institutional investors.
However, the long-term success of the model will depend on the quality of the underlying properties, the sustainability of rental income, regulatory compliance and investors’ ability to understand the risks associated with fractional ownership.
Property investments can experience vacancies, unexpected costs, declining valuations and liquidity challenges.
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