Saudi Proptech Ghanem Raises Additional $1.5M, Extending Pre-Seed to $8.6M

Amr Essam and Saleh Al-Ghamdi, Ghanem Co-founders

Saudi proptech platform Ghanem raised an additional $1.5 million in funding, extending its pre-seed round from $7.1 million to $8.6 million.

The round extension drew capital from real estate operating firms and strategic angel investors, building on previous institutional backing from Waad VC and the Al-Romaih Group.

Founded in 2025 by Saleh Waheed Al-Ghamdi and Amr Essam, Ghanem facilitates retail fractional ownership in income-generating domestic real estate starting at SAR 1,000.

Why Has Ghanem Raised an Additional $1.5 Million?

Ghanem, a Saudi Arabian proptech startup specialising in fractional real estate ownership, has secured an additional $1.5 million from real estate companies and strategic angel investors, extending its pre-seed funding round to $8.6 million.

The extension builds on the $7.1 million previously raised with participation from Al-Romaih Group. Waad VC has also invested in the company.

Read Also: Ghanem Issues Sukuk, Unlocks Tokenized Real Estate in Saudi Arabia

Founded in 2025 by Saleh Waheed Al-Ghamdi and Amr Essam, Ghanem provides a digital platform that enables individuals to invest in income-generating Saudi real estate through fractional ownership. Its investment opportunities start at SAR 1,000, depending on the property.

The additional funding comes as the company reports several operational milestones, including completed real estate investment transactions, thousands of registered users, rental income distributions without payment delays, and the issuance of digital ownership deeds to 580 investors in its first income-generating property offering.

Ghanem plans to build on this progress by developing its product, diversifying its real estate investment opportunities and establishing partnerships to support its growth.

How Will Ghanem Use Its Pre-Seed Funding Extension?

The $1.5 million extension gives Ghanem additional capital to develop its fractional ownership platform and expand its investment offerings in Saudi Arabia.

According to CEO and Co-Founder Saleh Waheed Al-Ghamdi, the company intends to focus on three priorities:

• Product development: Improve the digital investment experience and simplify the process of acquiring fractional ownership in real estate.
• Diversification of investment opportunities: Expand the range of properties available to investors through the platform.
• Strategic partnerships: Work with real estate companies and partners with direct market experience to support the company's expansion.

Ghanem also intends to continue developing its solutions within the regulatory sandbox of Saudi Arabia's Real Estate General Authority (REGA).

The company has not disclosed a detailed allocation of the additional $1.5 million or specific targets for revenue, user growth or the number of properties it plans to offer.

What Are Ghanem's Funding Details and Investors?

Ghanem's latest investment brings its total pre-seed funding to $8.6 million, including the extension.

Funding detail	Information
Company	Ghanem
Sector	Proptech / fractional real estate ownership
Founded	2025
Latest funding	$1.5 million
Previous pre-seed funding	$7.1 million
Total pre-seed funding after extension	$8.6 million
Previously disclosed investor	Al-Romaih Group
Other disclosed investor	Waad VC
Additional participants	Real estate companies and strategic angel investors
Founders	Saleh Waheed Al-Ghamdi and Amr Essam
Headquarters / primary market	Saudi Arabia

The extension adds to the capital available to Ghanem as it develops its platform and broadens access to property investment.

The participation of real estate companies and strategic angel investors could also provide sector expertise and commercial relationships alongside funding. However, the identities of the additional participants and their individual investment amounts have not been disclosed in the supplied announcement.

How Does Ghanem's Fractional Real Estate Investment Platform Work?

Ghanem enables individuals to invest in income-generating real estate without having to purchase an entire property. Depending on the investment opportunity, users can participate with amounts starting at SAR 1,000.

The platform is designed to combine digital access to property investment with documentation of each investor's ownership stake and the potential to receive rental income.

Its model includes several steps:

1. Property verification: Ghanem reviews ownership records, relevant documents and other information associated with each property.
2. Due diligence and valuation: Properties undergo due diligence and valuation by accredited valuers before being offered through the platform.
3. Fractional investment: Eligible investors participate in a property opportunity through the platform, with minimum investment amounts starting at SAR 1,000, depending on the offering.
4. Digital ownership documentation: Investors receive digital ownership deeds documenting their fractional stakes, as demonstrated by the first offering involving 580 individuals.
5. Rental income distributions: Investors can receive rental income distributions from income-generating properties, subject to the terms and performance of the relevant investment.

Ghanem's approach is intended to make property investment more accessible while formalising ownership documentation and simplifying the investment process.

However, fractional ownership does not eliminate investment risk. Rental income, property values, liquidity and potential returns can vary depending on the underlying asset and the terms of each offering.

How Has Ghanem Integrated With Saudi Arabia's Real Estate Registry?

One of Ghanem's key operational developments is its digital integration with Saudi Arabia's Real Estate Registry (RER).

The company has signed an agreement for digital integration with the registry and activated the connection. According to the announcement, the integration enables fractional ownership interests to be registered and ownership deeds to be issued in investors' names through an integrated digital experience.

The milestone supports Ghanem's objective of making property ownership documentation more accessible and streamlining the administrative process associated with fractional investment.

The company has already issued digital ownership deeds to 580 individuals participating in its first income-generating real estate investment opportunity. This provides a concrete measure of its early execution beyond platform development alone.

The RER integration is also relevant to the company's longer-term operating model: a digital investment platform needs processes for documenting ownership and coordinating property-related records, not just a mechanism for collecting investments.

The precise legal structure and rights associated with each fractional investment remain dependent on the relevant offering and its documentation.

What Is Ghanem's Regulatory Status in Saudi Arabia?

Ghanem joined the regulatory sandbox of the Real Estate General Authority (REGA) several months before the latest funding announcement and launched its fractional ownership product within that environment.

The sandbox provides a supervised setting in which the company can test and develop its model while working within the applicable regulatory framework.

Its participation is particularly relevant because fractional real estate investment involves ownership documentation, property-related transactions and the distribution of investment income. These activities require appropriate processes and regulatory oversight.

Ghanem says it intends to continue developing its solutions within the REGA sandbox as it improves its product and expands its investment opportunities.

Participation in a regulatory sandbox should not automatically be interpreted as unrestricted regulatory approval for every product or activity. Investors should review the applicable regulatory status, offering documents and ownership rights before committing capital.

What Early Traction Has Ghanem Reported?

Ghanem's funding extension follows several reported operational milestones since its founding in 2025.

Milestone	Reported progress
Registered users	Thousands of users
First income-generating property offering	580 individuals received digital ownership deeds
Rental income distributions	Payments made without reported delays
Real Estate Registry integration	Digital connection activated
Regulatory development	Fractional ownership product launched within the REGA regulatory sandbox
Investment accessibility	Opportunities starting at SAR 1,000, depending on the offering

These figures provide an initial view of Ghanem's operating progress. The 580 ownership deeds indicate participation in its first income-generating offering, while the registered-user milestone suggests interest beyond a single transaction.

The company also reports distributing rental income without payment delays. This is a company-reported operational claim rather than an independently verified measure of investment performance.

As Ghanem expands, important indicators to monitor will include the number and value of properties offered, repeat investor participation, rental distribution performance and the growth of its registered user base.

What Did Ghanem's CEO Say About the Funding Extension?

Saleh Waheed Al-Ghamdi, CEO and Co-Founder of Ghanem, said the company aims to make property ownership more accessible through a clear digital experience and ownership documentation in investors' names.

He highlighted the company's completed real estate investment transactions, rental income distributions without delays, thousands of registered users and active integration with the Real Estate Registry as foundations for its next stage of development.

Al-Ghamdi also said the pre-seed extension would help Ghanem develop its product, diversify real estate opportunities and build partnerships with investors and strategic partners who have direct experience in the property market.

His comments point to a strategy that combines access to capital with operational development. For Ghanem, scaling will require more than attracting investors: it will also depend on sourcing suitable properties, maintaining robust due diligence, documenting ownership and delivering a consistent investment experience.

What Does Ghanem's Funding Mean for Saudi Arabia's Fractional Property Market?

Ghanem's $8.6 million pre-seed round positions the company to continue developing fractional real estate investment in Saudi Arabia.

Its model targets individuals who want exposure to income-generating property without purchasing an entire asset, with entry amounts starting at SAR 1,000. The integration with the Real Estate Registry and the issuance of deeds to 580 investors are important early steps in building the platform's operating infrastructure.

Three factors will shape its next phase of growth:

• Trust and ownership documentation: The company will need to maintain clear documentation and investor access to relevant property information as its offerings expand.
• Quality and diversification of assets: A broader selection of properties could increase investor choice, provided that due diligence and valuation standards remain consistent.
• Regulatory and operational execution: Continued development within the REGA sandbox, alongside reliable rental distributions and effective property administration, will be important to sustaining investor confidence.

The $1.5 million extension gives Ghanem additional resources to pursue these priorities. Its next challenge is to translate early adoption and digital infrastructure milestones into a scalable, transparent and sustainable real estate investment platform.