Saudi proptech Rize has secured a $50M Murabaha facility from Jadwa Investment to finance its rental portfolio and expand monthly rent options for Saudi Arabian tenants. This financing is not an equity round; instead, it is structured specifically around the rental contracts that underpin Rize’s business.
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This arrangement allows the company to use dedicated financing for its rental portfolio while preserving shareholder capital for product development, technology, talent, and expansion. The financing supports Rize's scaling, allowing eligible tenants to pay annual rent in 12 monthly instalments while landlords receive the agreed rental amount upfront.
Scaling Monthly Rent Saudi Arabia
Founded in 2021 by Ibrahim Balilah and Mohammed Alfraihi, Rize operates a residential rental platform that makes annual rent obligations more flexible. Under its model, Rize pays landlords upfront through Saudi Arabia’s Ejar platform under a master lease arrangement.
It then subleases the property to the tenant, who pays monthly rent through Ejar. Rize emphasizes that the structure is a rental arrangement rather than cash financing to the tenant.
The Jadwa facility is designed to finance these rental contracts directly. That distinction matters because Rize does not have to rely entirely on shareholder capital every time it expands its rental portfolio.
Instead, the dedicated facility provides additional capacity to fund new contracts as the business grows.
"What makes it particularly significant is that it directly finances our rental portfolio, allowing the capital invested by our shareholders to remain focused on product development, talent, and expansion," said Ibrahim Balilah, co-founder and CEO of Rize.
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Market Growth and Adoption
The facility comes as Rize reports rapid growth in demand for flexible rental payments. According to current company disclosures reported by local industry publications, rental contract volumes have increased more than 24 times over the past two years, while revenue grew 6.4 times in 2025. The company also reports a customer renewal rate above 60%.
Since launch, Rize has received rental applications worth more than SAR5.75 billion. Its platform now has more than 400,000 registered users and a network of more than 2,900 real estate partners across Saudi Arabia.
The company estimates the Kingdom’s residential rental market at around SAR150 billion annually, representing a significant addressable market.
Financing Strategy and Future Outlook
The new facility gives Rize a clearer separation between the capital required to operate its rental model and the capital needed to build the company. It can direct equity toward technology, partnerships, and geographic expansion, while the Murabaha facility supports the rental contracts that drive the company’s core business activity.
The company previously raised a $35 million Series A in January 2025, combining equity and debt. Its investors include SEEDRA Ventures, Raed Ventures, HALA Ventures, JOA Capital, Aqar Platform, Bunat Ventures, NAMA Ventures, Watheeq Financial, and Razam Investment.
Why it matters to MENA startups
Rize’s financing highlights another path for asset-heavy fintech and proptech businesses in MENA: using structured financing to fund the assets or contracts behind the business instead of using equity for everything. As Saudi Arabia’s proptech market develops, the model shows how startups can combine technology, regulated infrastructure, and alternative financing structures to address traditional pain points.
For Rize, the next phase is about converting that additional financing capacity into a larger rental portfolio while expanding the products and partnerships around its platform.
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