Rize secured a USD 50 million ( SAR 187.5M) asset-backed Murabaha facility from Jadwa Investment. This comes as the Saudi rental platform scales its monthly rent payment model.

The SAR 187.5 million facility will fund Rize’s portfolio of monthly rent payment contracts. Thus, allowing the company to direct equity toward product development, technology, talent, and expansion.

Why You Should Care

The facility separates Rize’s portfolio financing from its corporate growth capital. By using dedicated financing for its rental contracts, the company can preserve its equity for investments in technology, products, talent, and expansion. This gives Rize more room to scale its rental model without relying solely on shareholder capital to fund portfolio growth.

The Details

Founded in 2021 by Ibrahim Balilah and Mohammed Alfraihi, Rize is a residential rental solutions platform. The platform enables eligible tenants to pay their annual rent monthly, while landlords receive the full annual rent upfront. It also equips real estate brokers with the tools needed to complete rental transactions more efficiently

Rize secured a USD 50 million (SAR 187.5M) asset-backed Murabaha facility from Jadwa Investment to finance its portfolio of rental contracts. The facility will support contracts where eligible tenants pay annual rent in 12 monthly installments, while landlords receive the full annual rent upfront. Transactions are documented through Saudi Arabia’s Ejar platform.

“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,”

Ibrahim Balilah, Co-founder and CEO of Rize

Looking ahead, with the facility, it aims to finance its rental contract portfolio. It also seeks to strengthen its ability to meet growing demand for flexible rental solutions. Additionally, it aims to direct its equity capital toward product development, technology, talent, partnerships, and continued expansion across the Kingdom.

The Ripple

The financing comes as Saudi Arabia’s residential rental market, estimated by Rize at approximately SAR 150 billion annually, continues to see demand for alternative payment structures. Rize’s model connects tenants seeking monthly payments with landlords receiving rent upfront, while also giving real estate brokers tools to facilitate rental transactions.

The company is backed by SEEDRA Ventures, Raed Ventures, HALA Ventures, JOA Capital, Aqar Platform, Banat Ventures, NAMA Ventures, Wathiq Financial and Razam Investment.

What to Watch

Rize says the facility marks a new phase of growth as it expands its reach and develops products designed to support more of the residential rental lifecycle. The key signal will be how the company converts its growing rental portfolio into further product, technology, and geographic expansion across the Kingdom.