Ghanem raises USD 7.1 million from Al-Romaih Group to expand fractional ownership solutions in Saudi real estate
Riyadh, Saudi Arabia – Ghanem, a digital real estate platform focused on fractional ownership, has secured USD 7.1 million in new funding from Al-Romaih Group, one of the Kingdom’s leading investment houses with strong expertise in both real estate and financial markets.
The investment marks a major milestone for Ghanem as it aims to broaden access to innovative property investment opportunities across Saudi Arabia. By offering transparency, flexibility, and reduced entry barriers, the platform enables a wider range of investors—both individuals and institutions—to participate in the real estate market.
Ghanem currently operates under the Regulatory Sandbox of the Real Estate General Authority (REGA), a framework that enhances investor trust and reinforces the company’s adherence to governance and regulatory standards.
Leadership Commentary
Saleh Al-Ghamdi, CEO and Co-Founder of Ghanem, welcomed the strategic investment, saying:
“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, contributing to the realization of Saudi Arabia’s Vision 2030 and broadening the base of real estate investment in the Kingdom.”
Driving Innovation in Saudi Arabia’s Real Estate Market
The partnership is expected to accelerate Ghanem’s expansion and support the development of new, technology-driven investment products. It also positions the company to contribute to increased innovation, investment diversification, and depth within the Kingdom’s evolving real estate sector.
