Project FinanceData
Rize secures USD 50m Murabaha facility from Jadwa Investment
The asset-backed facility will fund monthly rent payment contracts while equity capital is directed to product development and expansion.
Rize secured a USD 50 million asset-backed Murabaha facility from Jadwa Investment on terms disclosed 7 January 2025. The facility will finance the company's portfolio of monthly rent payment contracts, where tenants pay annual rent in twelve monthly instalments while landlords receive the full annual rent upfront. Transactions are documented through Saudi Arabia's Ejar platform.
Facility structure separates portfolio from equity capital#
The SAR 187.5 million facility is backed by Rize's rental contract portfolio. The structure allows the company to preserve equity capital for product development, technology investment, talent acquisition and geographic expansion. The facility finances the rental contracts directly, removing the need to draw on shareholder capital for portfolio growth. Rize was founded in 2021 by Ibrahim Balilah and Mohammed Alfraihi.
Rental model connects tenants, landlords and brokers#
Rize operates a residential rental platform that enables eligible tenants to pay annual rent monthly. Landlords receive the full annual rent upfront at the start of the tenancy. The platform also provides real estate brokers with tools to complete rental transactions. All contracts are processed through the Ejar platform, Saudi Arabia's official rental documentation system.
Backing and market context#
Rize is backed by SEEDRA Ventures, Raed Ventures, HALA Ventures, JOA Capital, Aqar Platform, Banat Ventures, NAMA Ventures, Wathiq Financial and Razam Investment. The company estimates Saudi Arabia's residential rental market at approximately SAR 150 billion annually. The facility will support Rize's expansion across the Kingdom as it develops products designed to support more of the residential rental lifecycle.
Facility application and capital allocation#
The facility will finance the rental contract portfolio. Equity capital will be directed toward product development, technology, talent, partnerships and continued expansion. The facility allows Rize to meet demand for flexible rental payment structures while maintaining separation between portfolio financing and corporate growth capital.
Sources1 source across 1 domain
- waya.mediaWaya MediaUSD 50 million Murabaha facility from Jadwa Investment, facility structure, company founding date, investor list, market size estimate
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