Cost of CapitalData
Ejari Expands PFG Financing Facility to USD 50M for Saudi Rental Operations
Riyadh-based rental platform increases Shariah-compliant Murabaha facility to fund Rent Now, Pay Later service across 40 cities and prepare commercial leasing entry.
Ejari has expanded its Shariah-compliant Murabaha warehouse financing facility with Partners for Growth, a California-based private credit provider, to USD 50 million, up from an undisclosed prior amount established in 2024. The facility funds the Riyadh-based company's Rent Now, Pay Later model, under which tenants make monthly rent payments while landlords receive their full annual payment upfront. The expanded capacity will support residential rental operations across more than 40 Saudi cities and fund preparation for entry into commercial leasing.
Facility Structure and Deployment#
The Murabaha facility provides financing for Ejari's rental transactions, distinct from equity capital raised for technology and operations. Equity investors in the company include BECO Capital, Vision Ventures, anb seed, Alinma Pay, Rua Growth Fund, Salica Oryx Fund, Aqar and Sanabil 500 MENA. Ejari expects to close its Series A round in the near term, though no amount or timeline was disclosed. The warehouse facility supports the rental portfolio while equity funds platform development and team expansion.
Market Context and Transaction Volume#
Saudi Arabia's rental market recorded approximately 446,300 transactions in August 2026, a 37 percent year-on-year increase. Total transaction value reached SAR 10.62 billion (USD 2.83 billion) in the same month, up 32 percent from August 2025. Housing rents increased 3.5 percent year-on-year in September 2026, compared with headline inflation of 1.9 percent. In Riyadh, apartment rents climbed 76 percent between early 2023 and their peak in late 2025.
Platform Integration and Partner Network#
Ejari's monthly payment service is accessible through partnerships with Aqar, Wasalt, CompoundIn and ZenHR, integrating with property platforms, residential compounds and HR applications. The Ejari app provides access to partner services in insurance, storage, moving and lifestyle categories. These services support tenants during the rental period beyond the financing transaction itself.
Commercial Leasing Preparation and Next Steps#
The expanded facility will fund preparation for commercial leasing operations, extending services beyond residential tenants. Ejari's next phase focuses on expanding residential operations, preparing the commercial leasing offering and completing the Series A round. No launch date for commercial leasing was disclosed.
Sources2 sources across 2 domains
- waya.mediaWaya MediaFacility expanded to USD 50 million, supports Rent Now Pay Later model, serves 40+ cities, commercial leasing preparation, equity investors listed, Series A expected soon
- logisticsmiddleeast.comLogistics Middle EastFacility will fund Rent Now Pay Later service, company preparing to enter commercial leasing
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