Ghanem, a Saudi digital real estate platform focused on fractional ownership, has raised $7.1 million from Al-Romaih Group to fuel expansion and product development as the kingdom pushes to broaden investment access under its Vision 2030 agenda.
Al-Romaih Group, described by Ghanem as one of Saudi Arabia’s leading investment groups with experience in real estate and financial services, becomes a strategic investor in the startup., per the announcement.
Ghanem did not disclose the valuation or stake size.
The Riyadh-based platform allows individuals and institutions to buy fractional interests in income-generating properties, lowering the minimum ticket size compared with traditional brick-and-mortar deals.
It operates within the Regulatory Sandbox of the Real Estate General Authority (REGA), which oversees experimental models in the sector.
Ghanem CEO and co-founder Saleh Al-Ghamdi said the partnership would help the company grow its product suite, strengthen its technology and deepen its presence in the Saudi market.
The company pitches itself as a way to bring greater transparency and flexibility to property investing while widening participation beyond large investors.
Fractional ownership platforms globally have attracted both regulatory scrutiny and investor interest as they blur the line between traditional real estate, crowdfunding and capital markets.
Ghanem’s position under REGA’s sandbox could give it room to test new structures while still subject to supervisory oversight.
The company said the new capital will accelerate development of additional investment products and support its expansion plans inside Saudi Arabia, aiming to diversify the pool of investors engaged in the local real estate market.
Ghanem’s fundraise underscores growing investor interest in Saudi proptech as regulators encourage innovation but seek to keep tighter guardrails after past speculative cycles in real estate.
Its success will hinge on deal quality and liquidity for small-ticket investors, not just on lowering entry thresholds, analysts said.
