Saudi Arabia-based proptech startup Ghanem has raised $1.5 million in a pre-seed extension round, bringing its total pre-seed financing to $8.6 million. The extension attracted participation from real estate companies and a group of strategic angel investors.
The company previously secured $7.1 million in financing, with participation from Al-Romaih Group. Waad VC has also invested in Ghanem.
Founded in 2025 by Saleh Waheed Al-Ghamdi and Amr Essam, Ghanem is a Riyadh-based platform that enables individuals and institutions to acquire fractional ownership stakes in income-generating properties across Saudi Arabia.
Through its digital platform, investors can participate in real estate opportunities starting from SAR 1,000, depending on the property. The platform facilitates property ownership documentation and rental income distributions.
Ghanem plans to use the additional funding to further develop its technology platform, expand its portfolio of real estate investment opportunities and establish strategic partnerships to support its operations.
The company reported issuing digital fractional ownership deeds to 580 investors participating in its first income-generating property offering. It also reported reaching thousands of registered users and distributing rental income to investors.
Ghanem has activated a digital integration with Saudi Arabia’s Real Estate Registry (RER), enabling fractional ownership stakes to be documented and ownership deeds to be issued in investors’ names.
The startup operates its fractional ownership product within the regulatory sandbox of Saudi Arabia’s Real Estate General Authority (REGA), which provides a supervised environment for testing real estate technology models.
