Saudi proptech Ghanem secures $7.1 million from Al-Romaih Group

Saudi proptech platform Ghanem has secured $7.1 million in funding from Al-Romaih Group, one of the Kingdom’s leading investment firms with deep experience in real estate and financial services. The company said the investment marks a major milestone in its push to expand access to transparent and lower-barrier real estate investment options in Saudi Arabia.

Ghanem offers fractional ownership in income-generating properties, enabling both individual and institutional investors to purchase smaller stakes and diversify portfolios more efficiently. The platform, which provides digital portfolio management, rental income distribution and regular reporting, operates under the Regulatory Sandbox of the Real Estate General Authority (REGA) – a framework that the company says enhances investor confidence and strengthens governance.

In a statement, CEO Saleh Al-Ghamdi said the new partnership aligns with the startup’s broader mission to deepen real estate participation in the Kingdom.

“We are proud of our partnership with Al-Romaih Group, which shares our vision of developing the real estate investment sector and enabling more individuals to benefit from fractional ownership opportunities. This investment will help us expand our product offerings, advance our technology, and strengthen our market presence, contributing to the realisation of Saudi Arabia’s Vision 2030 and broadening the base of real estate investment in the Kingdom.” said Al-Ghamdi

Founded in March, 2025 by Saleh Al-Ghamdi and Amr Essam, Ghanem is headquartered in Riyadh and follows Sharia-compliant guidelines through a dedicated supervisory committee. Its model relies on certified asset valuations and regulated investment structures, aiming to modernise how real estate ownership is accessed across the country.

The company said the new funding will accelerate its expansion plans, support the rollout of new investment products and deepen market innovation as Saudi Arabia continues to broaden participation in its real estate sector under Vision 2030.

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