Ghanem Raises $1.5M Pre-Seed Extension to Expand Fractional Property Ownership in Saudi Arabia

Ghanem | غانم, a company specialising in fractional real estate ownership in Saudi Arabia, has closed an additional $1.5 million in funding, with participation from real estate companies and a group of strategic angel investors.

Ghanem successfully issued digital ownership deeds to 580 individuals participating in the first income-generating real estate investment opportunity offered through the Ghanem app, documenting their fractional ownership stakes in the property.

Ghanem has also signed an agreement for digital integration with the Real Estate Registry (RER) and activated the connection, which is now live. This enables fractional ownership interests to be registered and deeds to be issued in investors’ names as part of an integrated digital experience. The initiative forms part of the platform’s technical and operational development and its efforts to simplify the property ownership process.

The company joined the regulatory sandbox of Saudi Arabia’s Real Estate General Authority (REGA) several months ago and launched its fractional ownership product within that environment, allowing the model to be tested and developed under a regulatory supervision.

Saleh Al-Ghamdi, CEO and Co-Founder of Ghanem, said, “We are working to make property ownership more accessible through a clear digital experience and ownership documented in the investor’s name. We have executed real estate investment transactions, distributed monthly dividends with zero delays, attracted thousands of registered users, and activated our digital integration with the Real Estate Registry. These achievements give us a practical foundation on which to develop our services and improve the investor experience.”

Al-Ghamdi also added, “This pre-seed extension provides important support for the next stage of our journey. We value our investors’ trust and the participation of real estate companies and strategic partners with direct market experience. We look forward to drawing on this expertise to develop our product, diversify real estate opportunities, and build partnerships that support Ghanem’s growth, while continuing to develop our solutions within the Real Estate General Authority’s regulatory sandbox.”

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