Saudi rental platform Rize draws $50M Murabaha facility from Jadwa Investment

Saudi residential rental solutions platform Rize has raised a $50 million asset-backed Murabaha facility from Jadwa Investment, a Middle East investment management and advisory firm. The facility is worth SAR 187.5 million. Rize disclosed the deal in a company statement on Wednesday.

The money is earmarked for Rize's rental contract portfolio. Financing that book with debt lets the company hold on to equity capital and direct it elsewhere: product development, technology, talent, strategic partnerships and expansion across Saudi Arabia. Rize says the facility also helps it keep pace with demand for flexible rental options.

How the platform works

Rize was founded in 2021 by Ibrahim Balilah and Mohammed Alfraihi. Its core product is a Rent Now, Pay Later service that lets eligible tenants settle a year's rent in monthly instalments. Landlords receive the full annual rent upfront, which takes collection risk off their side of the lease. The company also supplies real estate brokers with tools to handle rental transactions.

Volume and reach

Rental contract volumes on the platform have grown more than 24-fold over the past two years. Since launch, Rize has received rental applications worth over $1.53 billion in aggregate, a figure that converts to SAR 5.75 billion. More than 400,000 users have registered, and the company works with more than 2,900 real estate partners in Saudi Arabia.

Earlier funding

Rize's previous round, a Series A in January 2025, brought in $35 million in a mix of equity and debt. Raed Ventures led it. Seedra Ventures' second fund, Aqar Platform, JOA Capital, NAMA Ventures and HALA Ventures took part. An earlier seed round raised $2.9 million from Seedra Ventures, HALA Ventures, JOA Capital, RZM Investments, Bonat Investments, NAMA Ventures and a group of angel investors.

The wider rental market

Saudi Arabia's General Authority for Real Estate recorded 343,723 residential rental transactions in August 2026, valued at $1.49 billion, or SAR 5.59 billion.

That is the market Rize is building against, and it explains why the company's funding mix now leans on asset-backed debt rather than equity alone. Paying landlords a full year upfront while tenants pay monthly means Rize carries the gap on its own balance sheet, so the size of its contract book is limited by how cheaply it can finance that gap. A facility secured against the portfolio addresses that constraint directly, leaving the equity raised last year for building the product rather than funding leases.

The new facility adds to a funding base that now spans equity, venture debt and asset-backed financing.