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Saudi proptech Ghanem raises $7.1 million from Al-Romaih Group

Reported by Wamda
Nov 16, 2025· 2 min read
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Key Takeaways
  • • Ghanem, a Saudi Arabia-based fractional real estate ownership platform founded in 2025 by Saleh Al-Ghamdi and Amr Essam, has closed a $7.1 million funding round led by Al-Romaih Group, a major Kingdom investment firm with deep real estate and financial sector expertise.
  • • The platform operates under regulatory oversight of the Real Estate General Authority (REGA) Regulatory Sandbox, positioning the venture within Saudi Arabia's structured fintech governance framework and enhancing investor protection credentials.
  • • Ghanem's business model targets democratization of real estate investment access through fractional ownership structures, designed to lower entry thresholds and appeal to both retail and institutional investor segments across the Saudi market.
  • • The investment will fund innovation, product development, and market expansion within Saudi Arabia's real estate sector, leveraging Al-Romaih Group's established capital access and sector relationships to scale operations.
Summary
Ghanem, a newly founded digital real estate platform, has secured $7.1 million in funding from Al-Romaih Group, marking a significant capital injection into Saudi Arabia's emerging proptech ecosystem. The company, established in 2025 by CEO and Co-Founder Saleh Al-Ghamdi and Co-Founder Amr Essam, specializes in fractional real estate ownership solutions—a model that divides property assets into smaller investment units accessible to a broader investor base.

The funding round represents strategic alignment between Ghanem's innovation mandate and Al-Romaih Group's capital resources and market positioning. Al-Romaih Group brings extensive experience in real estate and financial services, enabling Ghanem to leverage established relationships and operational knowledge within the Kingdom's property sector. According to the company's statement, the partnership will accelerate innovation cycles, support new product development, and drive geographic and product expansion across Saudi Arabia's real estate investment market.

Ghanem operates within the Real Estate General Authority (REGA) Regulatory Sandbox, a structured compliance framework that grants the platform regulatory oversight while maintaining space for innovation. This positioning underscores the company's commitment to governance standards and strengthens investor confidence by embedding the venture within formal regulatory channels. The fractional ownership model targets both individual and institutional investors by offering transparent pricing, flexible investment structures, and reduced capital requirements compared to direct property acquisition.

The funding deployment will focus on deepening and diversifying investment opportunities available to Ghanem's user base while building technological and operational infrastructure. As Saudi Arabia continues economic diversification initiatives and develops its fintech sector, platforms like Ghanem address structural inefficiencies in real estate capital access and provide alternative liquidity routes for property-backed investments. The Al-Romaih partnership effectively positions the venture to capitalize on institutional and retail demand for innovative real estate solutions within the Kingdom.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Wamda Saudi proptech Ghanem raises $7.1 million from Al-Romaih Group