Ghanem, a digital real estate platform specialising in fractional ownership, has closed a US$7.1 million funding round with Al-Romaih Group, an investment firm with interests in Saudi Arabia’s real estate and financial sectors.
The investment marks a notable step for Ghanem as it works to expand access to real estate investment through lower entry points, greater transparency, and flexible ownership models.
The company operates under the Regulatory Sandbox of the Real Estate General Authority (REGA).
Saleh Al-Ghamdi, CEO and Co-Founder of Ghanem, said:
“We are proud of our partnership with Al-Romaih Group, which shares our vision of developing the real estate investment sector and enabling more individuals to benefit from fractional ownership opportunities. This investment will help us expand our product offerings, advance our technology, and strengthen our market presence.”
The partnership is expected to support Ghanem’s expansion plans and the development of additional products aimed at broadening investment options within Saudi Arabia’s real estate sector.
Featured image credit: Ghanem
