Saudi proptech Rize secures $50 million facility from Jadwa Investment
Saudi proptech Rize has secured a SAR187.5 million ($50 million) asset-backed Murabaha facility from Jadwa Investment to finance its portfolio of residential rental contracts. Founded in 2021 by Ibrahim Balilah and Mohammed Alfraihi, Rize operates a Rent Now, Pay Later model that allows eligible tenants to split their annual rent into 12 monthly payments, while landlords receive their rent…
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