{
  "id": 16297692,
  "title": "Saudi proptech Ghanem raises $1.5 million pre-seed extension",
  "url": "https://urgent.news/2026/10/24/saudi-proptech-ghanem-raises-1-5-million-pre-seed-extension",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-24T05:52:51.000Z",
  "source": {
    "name": "Wamda",
    "slug": "wamda",
    "url": "http://wamda.com/2026/10/saudi-proptech-ghanem-raises-1-5-million-pre-seed-extension"
  },
  "original_language": "en",
  "account": "Saudi-based proptech startup Ghanem has secured an additional $1.5 million in pre-seed funding, extending a previous round of $7.1 million to a total of $8.6 million. The round attracted participation from real estate companies and strategic angel investors, including Al-Romaih Group and Waad VC. Founded in 2025 by Saleh Waheed Al-Ghamdi and Amr Essam, Ghanem operates a platform for fractional real estate ownership in Saudi Arabia, allowing individuals and companies to invest in income-generating properties with minimum investments starting at SAR 1,000. The new funding will be allocated towards product development, expanding property investment opportunities, and forging strategic partnerships. Ghanem's recent achievements include executing real estate investment transactions, gaining thousands of registered users, and initiating rental income distributions without delays. The company has also partnered with the Real Estate Registry to enable digital registration of fractional ownership interests. Ghanem's CEO and Co-Founder, Saleh Waheed Al-Ghamdi, expressed optimism about the pre-seed extension, stating that it will provide crucial support for the company's growth and development within Saudi Arabia's regulatory sandbox.",
  "summary": "Saudi Arabia-based proptech startup Ghanem has raised an additional $1.5 million in a pre-seed extension round, backed by real estate companies and strategic angel investors, bringing the round's total to $8.6 million. Its previous $7.1 million financing included participation from Al-Romaih Group, while Waad VC has also invested in the company. Founded in 2025 by Saleh Waheed Al-Ghamdi and Amr…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}