Riyadh - Sharikat Mubasher: Shatib, a Saudi-based B2B marketplace for construction materials, raised SAR 2.8 million in a pre-seed funding round from a strategic angel investor.

This investment will enable Shatib to forge strategic partnerships that contribute to advancing the building material sector and enhancing group buying efficiency in the Saudi market, the company announced in a press release today.

The platform helps real estate developers and contractors secure better pricing by aggregating demand across multiple projects, strengthening negotiation power with manufacturers and distributors, and achieving cost savings ranging between 20 and 35% compared with typical market prices.

Founded in Riyadh in 2024 by Abdulaziz AlMasoud, Shatib aims to develop technology solutions that enhance procurement efficiency and reduce costs across the construction ecosystem.