Riyadh - Sharikat Mubasher: The UAE-based digital real estate investment platform Stake officially launched its operations in Saudi Arabia in partnership with Alrajhi Seventh (RJ7), a prominent Saudi family company and one of the largest developers in the Kingdom.

As the first platform regulated by the Saudi Capital Market Authority (CMA), Stake will enable individuals outside the Kingdom to invest in the Saudi real estate sector, transforming the investment landscape in the Kingdom, the company announced in a statement.

Stake also partnered with Mulkia Investment Company, a leading Saudi asset management firm, to establish private real estate funds tailored for the Saudi market. These funds, managed by Mulkia and distributed through Stake’s digital platform, aim to lower the barrier to entry and make real estate investing into quality assets more accessible.

Manar Mahmassani, Co-Founder and Co-CEO of Stake, said: “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. By entering Saudi Arabia, we are inviting investors worldwide to participate in its exciting growth story.”

On her part, Hanouf Saeed, Head of Stake’s Operations in Saudi Arabia, commented: “By creating an ecosystem of trust and innovation, we are enabling individuals to build wealth like never before. I am honored to lead this mission in Saudi Arabia and look forward to shaping the future of real estate investment in the Kingdom.”

Stake empowers investors with digital access to curated, Sharia-compliant real estate investments starting from as little as SAR 500 via its application. With a mission to democratize real estate ownership, it has already built a global community of over 800,000 users.

It is worth mentioning that Stake secured $14 million in a Series A round to fuel its expansions in Saudi Arabia.