Saudi proptech Ghanem adds $1.5 million, lifting pre-seed to $8.6 million

Ghanem, a Saudi proptech company that sells fractional stakes in income-producing property, has closed a further $1.5 million in a pre-seed extension, taking its total pre-seed funding to $8.6 million. The earlier tranche stood at $7.1 million.

The extension drew backing from real estate companies and strategic angel investors. Al-Romaih Group took part in the previous $7.1 million round, and Waad VC is also an investor in the company.

Ghanem was founded in 2025 by Saleh Waheed Al-Ghamdi, its chief executive, and Amr Essam. It runs a fractional ownership platform that lets individuals and institutions put money into income-generating Saudi properties, with a minimum ticket of SAR 1,000 that varies by opportunity.

The new capital is earmarked for product development, widening the range of property investment opportunities on offer, building strategic partnerships and extending the reach of the fractional ownership service.

On the operating side, Ghanem says it has completed several real estate investment transactions and built a registered user base in the thousands. Rental income has been distributed to investors without interruption since payouts began, according to the company.

Its first income-generating offer, made available through the Ghanem app, drew 580 participants, each of whom received a digital ownership deed recording their fractional stake in the property.

Ghanem has also switched on a digital integration with the Real Estate Registry. The live link lets fractional interests be registered and deeds issued in investors' names, part of an integrated digital experience the company is building as it develops its technical and operational side. The aim is to make owning property simpler.

Several months before the funding announcement, Ghanem entered the regulatory sandbox run by the Real Estate General Authority and launched its fractional ownership product inside it. The sandbox lets the model be tested and refined under regulatory supervision, and the company says it will keep developing its products there.

Properties listed on the platform go through verification, due diligence and valuation before they are offered. The review covers ownership checks and the relevant documents, and accredited valuers set the value. Ghanem's Sharia committee has approved all of its products as Sharia-compliant.

Al-Ghamdi said the company is working to make property ownership more accessible through a straightforward digital experience, with ownership documented in the investor's name. He pointed to the transactions executed so far, the monthly dividends paid with no delays, the thousands of registered users and the activation of the Real Estate Registry link as a practical base for developing services and improving the investor experience.

He described the extension as important support for the next stage, and said Ghanem places weight on investor trust and on participation from real estate companies and partners with direct market experience. The company expects to draw on that expertise as it develops its product, broadens its range of property opportunities and builds partnerships for growth.

Ghanem's model pairs rental income with a stake in a tangible asset, which the company argues can support stability over a long holding period. What a fractional owner receives still depends on the property itself, from rents and vacancies to valuations, and checked title, independent valuation and a Sharia ruling on each product are what the platform offers in place of an investor inspecting a building in person.

For a company founded in 2025, the combination of a live registry connection and a place inside the regulator's sandbox is the part worth watching. Both are harder to obtain than capital.