Rize Secures $50M Facility to Finance Rental Portfolio

The facility will finance Rize’s portfolio of residential rental contracts and allow the company to use its equity capital for product development, technology, talent, partnerships, and expansion across Saudi Arabia.

What is Rize?

Rize is a Saudi proptech platform that allows eligible tenants to pay their annual rent in 12 monthly payments. At the same time, landlords receive their rent upfront.

The company operates its rental model through Saudi Arabia’s Ejar platform. Rize pays landlords in one or two payments under a master lease contract and then subleases the property to tenants, who make monthly payments through Ejar.

How Much Funding Has Rize Raised?

Rize has secured a SAR187.5M ($50M) asset-backed Murabaha facility from Jadwa Investment. The facility is specifically designed to finance its residential rental-contract portfolio.

In January 2025, Rize closed a $35M Series A investment in a mix of equity and debt.

Who Invested in Rize's Facility?

Jadwa Investment provided the $50M Shariah-compliant Murabaha facility to Rize.

The company is also backed by investors including SEEDRA Ventures, Raed Ventures, HALA Ventures, JOA Capital, Aqar Platform, Bunat Ventures, NAMA Ventures, Watheeq Financial, and Razam Investment.

Why the Funding Matters

The new facility will give Rize additional capacity to finance its rental contracts without relying only on shareholder capital. This allows the company to keep its equity focused on product development, technology, talent, partnerships and business expansion.

The facility will also support Rize in meeting demand for monthly rental payment options across Saudi Arabia.

Who founded Rize?

Rize was founded in 2021 by Ibrahim Balilah and Mohammed Alfraihi. Ibrahim Balilah is the company’s co-founder and CEO.

The company operates across Saudi Arabia and is licensed by the Real Estate General Authority (REGA) for electronic real estate brokerage and marketing and property management.

Market and Business Growth

Rize says more than 200,000 tenants have used its flexible rental solutions. Its network includes more than 3,000 landlords and 1,200 verified real estate brokers.

The platform has processed rental requests worth more than SAR5.75B since launch. It also has more than 400,000 registered users and works with over 2,900 real-estate partners across Saudi Arabia.

Contract volumes have increased more than 24 times in two years, while revenue grew 6.4 times in 2025. Renewal rates have also exceeded 60%.

Rize estimates Saudi Arabia’s residential rental market at around SAR150B annually.

What Happens Next?

Rize plans to use the additional financing capacity to grow its rental-contract portfolio as demand for monthly rental payments increases.

The company will continue using its equity capital for product development, technology, talent, partnerships, and expansion across Saudi Arabia.

Leadership Statements

 "This is the model we want to build on: portfolio growth funded through Shariah-compliant financing, and growth in what we create," said co-founder and chief executive officer Ibrahim Bulaila (translated from Arabic).

Jadwa chief executive officer Tariq Al-Sudairy said the deal "reflects Jadwa's strategy of offering structured private-credit solutions" aligned with the operating models of scaleups in the kingdom (translated from Arabic).

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