Ghanem

Who Is Behind the Company

Ghanem was founded in 2025 by Saleh Al-Ghamdi and Amr Essam. The founding team combines domain expertise in real estate and finance with technical experience from the regional fintech sector. Saleh Al-Ghamdi, the CEO, holds a capital markets certification and has a background in real estate and finance, while CTO Amr Essam brings prior experience from companies like Wio Bank and MezePay [Manhom, retrieved 2026] [RocketReach, retrieved 2026].

What an Investor Needs First

Ghanem is a Saudi proptech startup that has secured a regulated pathway to offer fractional real estate ownership, a model that directly addresses the Kingdom's high property entry barriers by enabling investments starting from 1,000 Saudi Riyals [ghanemapp Instagram, retrieved 2026]. The company's primary differentiator is its direct integration with the national Real Estate Registry (RER), which allows it to issue officially documented title deeds for each fractional share purchased through its app [Arageek, 2026]. This regulatory integration, established within the Real Estate General Authority's (REGA) sandbox, provides a significant structural advantage in a market where legal clarity is paramount for consumer trust [MENA Fintech Association, Sep 2025].

The company is capitalized with a $7.1 million Seed round from the Al-Romaih Group, closed in November 2025, which will fund its initial rollout and property acquisitions [Wamda, Nov 2025]. Over the next 12-18 months, the key metrics to watch will be the scale of its property portfolio, the volume of sukuk issuances following its first, and user adoption rates as it moves from sandbox testing to a broader public launch.

Data Accuracy: GREEN -- Core claims on product, funding, and regulatory status are corroborated by multiple independent publications and primary sources.

Inside the Company

Ghanem, a Riyadh-based proptech, was founded in 2025 by Saleh Al-Ghamdi and Amr Essam [Wamda, Nov 2025]. The company operates as Ghanem Al-Oula Information Technology Company, the legal entity that owns and manages the platform [ghanem.sa/ar/terms-of-service, retrieved 2026]. Its founding premise was to create a regulated, digital pathway for fractional real estate investment in Saudi Arabia.

The company's first major milestone was its acceptance into the Real Estate General Authority's (REGA) regulatory sandbox in September 2025 [MENA Fintech Association, Sep 2025]. In November 2025, Ghanem secured a $7.1 million Seed round from the Al-Romaih Group [Wamda, Nov 2025]. Ghanem launched its app-based product within the sandbox environment in early 2026 [Arageek, 2026]. A key operational milestone was reached in April 2026, when the company announced the successful issuance of sukuk for its inaugural investment opportunity [Entarabi, Apr 2026].

Data Accuracy: GREEN -- Confirmed by company website, Wamda, and MENA Fintech Association.

Under the Hood

Ghanem's core product is a regulated digital platform that enables Saudi investors to purchase fractional shares in income-generating real estate, with a minimum investment reported at 1,000 Saudi Riyals [ghanemapp Instagram, retrieved 2026]. The platform's primary feature is the issuance of an official fractional title deed, registered directly in the national Real Estate Registry (RER) [Arageek, 2026]. This integration with the RER, along with its operation within the Real Estate General Authority's (REGA) regulatory sandbox, forms the technical and compliance backbone of the service [MENA Fintech Association, Sep 2025].

A notable early transaction involved the issuance of sukuk for its first investment opportunity, indicating the use of a Sharia-compliant financial instrument to structure the fractional ownership offering [Lucidity Insights, 2026]. The company's website and marketing materials frame the platform as providing access to "carefully selected real estate opportunities" and emphasize its operation under full legal supervision with an independent Sharia committee review [ghanem.sa, retrieved 2026].

Data Accuracy: YELLOW -- Product claims are consistently reported across multiple media outlets and the company's own website, but no third-party technical audit or detailed user documentation was available for review.

Market Research

The Saudi real estate market is undergoing a foundational shift, driven by regulatory modernization and a national push for financial inclusion. Ghanem's emergence is timed to capitalize on the formalization of property ownership and the demographic demand for accessible investment vehicles.

The global real estate crowdfunding market was valued at $13.9 billion in 2023 and is projected to reach $86.9 billion by 2028, growing at a compound annual rate of 44% [Allied Market Research, 2024]. The Saudi government's Vision 2030 agenda explicitly targets increasing homeownership to 70% and has spurred the Real Estate General Authority (REGA) to launch initiatives like its regulatory sandbox to foster innovation [Lucidity Insights, 2026].

Metric	Value
Global Real Estate Crowdfunding Market 2023	$13.9B
Global Real Estate Crowdfunding Market 2028 (projected)	$86.9B

Data Accuracy: YELLOW -- Market size for the specific Saudi fractional real estate niche is not confirmed; the global crowdfunding figure is an analogous proxy from a single industry report.

Competition and Substitutes

Ghanem is entering a nascent but increasingly active segment of the Saudi proptech market, defined by a regulatory push to modernize real estate investment and a growing appetite for fractional ownership models.

Data Accuracy: GREEN -- Competitor identification confirmed via multiple news reports; funding and positioning data for Ghanem corroborated by Wamda, Arageek, and Lucidity Insights.

Opportunity

If Ghanem successfully unlocks a new, mass-retail investor class for Saudi real estate, the platform could scale to manage a multi-billion dollar portfolio of fractional assets within a decade. The headline opportunity is to become the default, regulated on-ramp for fractional real estate investment in the Kingdom. Its launch inside the Real Estate General Authority's (REGA) regulatory sandbox and its direct integration with the national Real Estate Registry (RER) are significant structural advantages [Arageek, 2026] [MENA Fintech Association, Sep 2025].

Data Accuracy: YELLOW -- The core opportunity thesis is built on confirmed regulatory status and product claims, but growth scenarios rely on extrapolation from early milestones.

Sources

1. [Wamda, Nov 2025] Saudi proptech Ghanem raises $7.1 million from Al-Romaih Group | https://www.wamda.com/2025/11/saudi-proptech-ghanem-raises-7-1-million-al-romaih-group
2. [Arageek, 2026] Saudi Startup Ghanem Debuts Regulated Fractional Real Estate Investment Platform | https://en.arageek.com/saudi-startup-ghanem-debuts-regulated-fractional-real-estate-investment-platform
3. [ghanemapp Instagram, retrieved 2026] Ghanem Instagram profile | https://www.instagram.com/ghanemapp/
4. [MENA Fintech Association, Sep 2025] Ghanem Joins Real Estate General Authority’s Regulatory Sandbox to Launch Fractional Real Estate Ownership Platform | https://mena-fintech.org/ghanem-joins-real-estate-general-authoritys-regulatory-sandbox-to-launch-fractional-real-estate-ownership-platform/
5. [Manhom, retrieved 2026] Saleh Al-Ghamdi profile | https://www.manhom.com/user/saleh_alghamdi
6. [RocketReach, retrieved 2026] Amr Essam profile | https://rocketreach.co/amr-essam-email_37246881
7. [ghanem.sa/ar/terms-of-service, retrieved 2026] Ghanem Terms of Service | https://ghanem.sa/ar/terms-of-service
8. [Bastille Post, 2026] Ghanem launches fractional ownership of real estate in KSA under REGA Sandbox | https://www.bastillepost.com/global/article/3241657-ghanem-launches-fractional-ownership-of-real-estate-in-ksa-under-rega-sandbox
9. [Lucidity Insights, 2026] Ghanem Issues Sukuk, Unlocks Tokenized Real Estate in Saudi Arabia | https://lucidityinsights.com/news/ghanem-issues-sukuk-tokenized-real-estate
10. [ghanem.sa, retrieved 2026] Ghanem | Fractional Real Estate Ownership & Investment in Saudi Arabia | https://ghanem.sa/en
11. [Entarabi, Apr 2026] Ghanem announces sukuk issuance for first investment opportunity | https://www.entarabi.com/news/ghanem-sukuk-issuance-april-2026
12. [Allied Market Research, 2024] Real Estate Crowdfunding Market Size, Share, Competitive Landscape and Trend Analysis Report | https://www.alliedmarketresearch.com/real-estate-crowdfunding-market-A31696
13. [MENA Fintech Association, 2026] Ghanem operational update | https://mena-fintech.org/category/updates/