Rize Secures $50M Murabaha Facility From Jadwa Investment to Scale Rent Model

Mohammed Alfraihi and Ibrahim Balilah, Rize co-founders

Saudi proptech Rize has secured a SAR 187.5 million ($50 million) asset-backed Murabaha facility from Jadwa Investment to finance its "Rent Now, Pay Later" (RNPL) portfolio. By decoupling its underlying rental asset financing from its corporate equity, Rize transitions from a venture-reliant startup to a balance-sheet-driven specialty lender. The facility enables Rize to pay landlords 100% upfront while collecting 12 monthly installments from tenants via Saudi Arabia's state-backed Ejar platform.

What did Rize raise from Jadwa Investment?

Saudi residential rental platform Rize has secured a SAR187.5 million ($50 million) asset-backed Murabaha facility from Jadwa Investment, with the financing dedicated specifically to Rize's portfolio of residential rental contracts. The transaction was announced on September 16, 2026.

Unlike an equity funding round, the facility is designed to finance the underlying rental contracts that support Rize's business model. This distinction allows the company to separate the capital required to grow its rental portfolio from the equity used for corporate expansion.

Rize said the structure will allow shareholder capital to remain focused on product development, technology, talent, partnerships, and expansion across Saudi Arabia, while the Jadwa facility provides dedicated funding for its rental portfolio.

Rize's latest financing at a glance

Detail	Rize's 2026 Facility
Financing provider	Jadwa Investment
Facility size	SAR187.5 million ($50 million)
Financing type	Asset-backed Murabaha
Announcement date	September 16, 2026
Primary use	Residential rental-contract portfolio
Business model	12 monthly rent payments
Geographic market	Saudi Arabia
Founded	2021
Founders	Ibrahim Balilah and Mohammed Alfraihi

The financing is particularly relevant to Rize because its model requires capital to bridge the timing difference between landlords receiving rent upfront and tenants paying Rize in monthly installments.

How does Rize's monthly rent model work?

Founded in 2021 by Ibrahim Balilah and Mohammed Alfraihi, Rize operates a "Rent Now, Pay Later" model for residential rentals in Saudi Arabia. Eligible tenants can convert annual rent obligations into 12 monthly payments, while landlords receive the agreed rental amount upfront.

The structure works through Saudi Arabia's Ejar rental platform:

• Rize pays the landlord in one or two payments under a master lease contract.
• The property is then subleased to the tenant.
• The tenant pays Rize in 12 monthly installments through Ejar.
• Rize states that the structure does not constitute cash financing to the tenant.

Ejar is an integrated electronic network operated within Saudi Arabia's rental-sector infrastructure. The Real Estate General Authority (REGA) says the platform is designed to regulate rental transactions and protect the interests of tenants, landlords, and real estate brokers.

This gives Rize's model a different capital requirement from a conventional rental marketplace: the company needs funding capacity to pay landlords before collecting the corresponding rent from tenants over the following 12 months.

Why is the $50 million facility important to Rize's growth?

The main significance of the facility is its use-of-capital structure.

Rize does not need to rely exclusively on shareholder equity every time it adds rental contracts to its portfolio. Instead, the SAR187.5 million facility can support the rental assets underlying its monthly-payment model, while equity can be directed toward activities that build the company's broader platform.

Ibrahim Balilah, co-founder and CEO of Rize, said the facility directly finances the company's rental portfolio, allowing shareholder capital to remain focused on product development, talent, and expansion.

For a business whose customers pay rent over 12 monthly installments, this distinction can provide additional capacity to grow the number of contracts Rize can support without matching every portfolio expansion dollar with new equity.

How large is Rize's customer and partner network?

Rize says more than 200,000 tenants have used its flexible rental solutions. Its current network also includes more than 3,000 landlords and 1,200 verified real estate brokers across Saudi Arabia.

The company offers its monthly rent model nationwide, giving landlords and brokers a way to offer tenants an alternative to making one or two large rental payments.

Rize's website currently highlights:

• 200,000+ tenants
• 3,000+ landlords
• 1,200+ verified brokers
• 12 monthly rental payments
• Coverage across Saudi Arabia

These figures represent the company's reported platform reach rather than a market-wide measure of Saudi Arabia's rental sector.

What role does Ejar and REGA play in Rize's model?

Rize's rental contracts are executed electronically through Ejar, Saudi Arabia's official electronic rental network. REGA describes Ejar as infrastructure designed to regulate the Kingdom's leasing sector and safeguard the rights of tenants, landlords, and brokers.

Rize is also licensed by REGA for electronic real estate brokerage and marketing and property management, according to the company and reporting on the transaction.

This regulatory and digital infrastructure is important to Rize's model because its rental transactions depend on electronically documented contracts rather than an informal payment arrangement between the tenant and landlord.

Who backs Rize?

Rize is backed by a group of Saudi and regional investors that includes SEEDRA Ventures, Raed Ventures, HALA Ventures, JOA Capital, Aqar Platform, Bunat Ventures, NAMA Ventures, Watheeq Financial, and Razam Investment.

The new Jadwa facility adds a different type of capital to that investor base: rather than being another source of corporate equity, it is structured specifically around financing Rize's rental-contract portfolio.

Rize previously closed a $35 million Series A in January 2025, according to reporting by Wamda. That round combined equity and debt financing.

What will Rize use its equity capital for?

With the rental portfolio supported by dedicated financing, Rize plans to use its equity capital for longer-term corporate growth.

The company has identified several priorities:

• Product development
• Technology
• Talent and hiring
• Strategic partnerships
• Expansion across Saudi Arabia

This creates a two-layer financing structure: the $50 million Murabaha facility supports the assets generated through Rize's rental model, while shareholder capital can support the technology and organizational infrastructure required to scale the business.

How large is Saudi Arabia's residential rental market?

Rize estimates Saudi Arabia's residential rental market at approximately SAR150 billion annually. The company intends to use its additional financing capacity to grow its rental portfolio as demand for alternative rent-payment structures increases.

The broader Saudi rental market is also increasingly supported by digital infrastructure. Ejar currently reports more than 3.3 million valid contracts, 5.9 million active users, 4.3 million rented units, and more than 47,000 licensed brokerage offices on its platform.

These figures provide context for the scale of the ecosystem in which Rize operates, although they should not be interpreted as Rize's own market share.

What does the Jadwa facility mean for Rize's next stage?

Rize's SAR187.5 million ($50 million) Murabaha facility gives the company a dedicated pool of capital for the contracts at the center of its monthly rent model.

The significance is therefore less about adding another headline funding figure and more about matching the financing structure to the underlying business model. By financing its rental portfolio separately, Rize can potentially expand its monthly-payment offering while preserving equity for the technology, people, partnerships, and geographic expansion needed to build the platform.

For Saudi Arabia's proptech market, the transaction also illustrates how alternative financing structures can be used alongside venture capital to support asset-intensive models.