Riyadh – Mubasher: Stake, a leading digital real estate investment platform in the MENA region, has partnered with Al Rajhi Seventh (RJ7) to launch its business in Saudi Arabia, according to a press release.
Backed by Saudi Aramco, Stake is the first platform regulated by the Capital Market Authority (CMA) to provide individuals outside of the Kingdom with an opportunity to invest in Saudi real estate.
The fintech, which intends to transform the investment landscape in the Kingdom, selected an income-generating commercial building located in North Riyadh for its inaugural fund on the platform.
As part of its launch, Stake partnered with Mulkia Investment Company to establish private real estate funds tailored for the Saudi market.
These funds aim to secure more access for entering real estate investing, offering opportunities, ranging from residential to commercial properties in line with Vision 2030’s economic transformation goals.
Manar Mahmassani, Co-Founder and Co-CEO at Stake, commented: “The Kingdom’s thriving economy and Vision 2030 initiative align perfectly with our mission to provide inclusive and borderless access to high-potential property markets.”
Saudi Arabia’s rapidly expanding economy anchors Stake’s strategic objectives to enter the market. The Kingdom is projected to grow by 4.60% in 2025, making it one of the fastest-growing economies among G20 nations.
In June, Stake raised $14 million in Series A funding from Aramco's Wa'ed Ventures, Mubadala Investment Company, and Al Jomaih Holding.
