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  3. Saudi proptech Rize secures $50 million facility from Jadwa Investment

Wamda

Saudi proptech Rize secures $50 million facility from Jadwa Investment

Saudi proptech Rize has secured a SAR187.5 million ($50 million) asset-backed Murabaha facility from Jadwa Investment to finance its portfolio of residential rental contracts. Founded in 2021 by Ibrahim Balilah and Mohammed Alfraihi, Rize operates a Rent Now, Pay Later model that allows eligible tenants to split their annual rent into 12 monthly payments, while landlords receive their rent upfront. The contracts are documented through Saudi Arabia’s Ejar platform. The facility will be used

Continue with the complete report on the publisher’s website.

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By Wamda

17 September 2026|1 min read
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Industry Events

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