RIYADH— Ghanem, a digital real estate platform specializing in fractional ownership solutions, announced Monday it has closed a $7.1 million funding round from Al-Romaih Group, one of the Kingdom’s leading investment firms with deep expertise in real estate and financial services.
The investment marks a significant milestone for Ghanem as it works to broaden access to innovative real estate opportunities, offering transparency, flexibility and lower entry thresholds for a wide range of investors. The platform operates under the Regulatory Sandbox of the Real Estate General Authority (REGA), reinforcing investor confidence and its commitment to governance standards.
Saleh Al-Ghamdi, CEO and co-founder of Ghanem, said the partnership with Al-Romaih Group will accelerate product expansion, advance technology and strengthen market presence. “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,” Al-Ghamdi said.
The deal is expected to support Ghanem’s expansion plans and the development of new products, deepening innovation and diversifying investment opportunities in Saudi Arabia’s real estate sector.