Shatib
Riyadh-based B2B marketplace for group purchasing of construction materials
Website: https://shatib.sa
Cover Block
| Attribute | Details |
|---|---|
| Name | Shatib |
| Tagline | Riyadh-based B2B marketplace for group purchasing of construction materials |
| Headquarters | Riyadh, Saudi Arabia |
| Founded | 2024 |
| Stage | Pre-Seed |
| Business Model | Marketplace |
| Industry | Proptech |
| Technology | Software (Non-AI) |
| Geography | Middle East / North Africa |
| Growth Profile | Venture Scale |
| Founding Team | Solo Founder |
| Funding Label | Pre-seed (total disclosed ~$750,000) |
Links
- Website: https://shatib.sa
- LinkedIn: https://www.linkedin.com/company/%D8%B4%D8%B7%D9%91%D8%A8
Summary and Signal
Shatib is a Riyadh-based B2B marketplace that aggregates demand from real estate developers and contractors to negotiate bulk discounts on construction materials [Waya Media, 2025]. Founded in 2024 by Abdulaziz AlMasoud, the company is pursuing a marketplace wedge, starting with finishing materials and promising buyers 20-35% cost savings through pooled orders [Startup Researcher, 2025]. The core product differentiates by bundling aggregated procurement with integrated financing services [Startup Researcher, 2025]. The business closed a pre-seed round of approximately $750,000 from an unnamed strategic angel investor in late 2025 [Silicon Africa, Dec 2025].
Data Accuracy: YELLOW -- Core claims are repeated across regional outlets, but key operational metrics and team details lack independent verification.
Taxonomy Snapshot
| Axis | Classification |
|---|---|
| Stage | Pre-Seed |
| Business Model | Marketplace |
| Industry / Vertical | Proptech |
| Technology Type | Software (Non-AI) |
| Geography | Middle East / North Africa |
| Growth Profile | Venture Scale |
| Founding Team | Solo Founder |
| Funding | Pre-seed (total disclosed ~$750,000) |
Company Overview
Shatib is a Riyadh-based B2B marketplace founded in 2024 by Abdulaziz AlMasoud [Crunchbase]. The company's narrative centers on applying a group purchasing model to the procurement of construction finishing materials within Saudi Arabia [Waya Media, 2025]. Its primary operational milestone is a pre-seed funding round of approximately $750,000 (SAR 2.8 million) closed in late 2025, led by an unnamed strategic angel investor [Silicon Africa, Dec 2025].
Data Accuracy: YELLOW -- Company founding and funding round confirmed by regional publications; founder name and location corroborated.
The Product and the Stack
Shatib's product aggregates demand from developers and contractors for finishing materials, negotiates bulk discounts, and facilitates pooled orders. The core value proposition is cost reduction, with company claims of 20-35% savings for buyers [Waya Media, 2025]. A secondary feature is integrated financing services [Startup Researcher, 2025]. The platform's functionality appears to be a two-sided marketplace software connecting buyers and sellers with a layer of order aggregation and financial services.
Data Accuracy: YELLOW -- Product claims are sourced from company statements via regional press; no third-party validation available.
The Market They Are Entering
Shatib targets the procurement of finishing materials in Saudi Arabia, where procurement inefficiencies are amplified by a national building boom. The broader Saudi construction market is substantial; the value of awarded construction contracts in the kingdom reached approximately SAR 200 billion in 2023 [Saudi Contractors Authority, 2024]. Saudi Arabia's Vision 2030 initiative drives massive investment in real estate and infrastructure, creating a fragmented base of price-sensitive contractors and subcontractors.
Data Accuracy: YELLOW -- Market sizing context is drawn from an analogous industry report; specific TAM for the company's niche is not publicly quantified.
The Competitive Field
Shatib enters a procurement market defined by a fragmented ecosystem of traditional agents and nascent platforms. Alternatives include traditional procurement agents and distributors, regional B2B marketplaces, and supplier-direct relationships. Shatib's edge rests on a marketplace flywheel: aggregating buyer demand to secure better prices from suppliers, generating reported savings of 20-35% [Waya Media, 2025].
Data Accuracy: YELLOW -- Competitive analysis is inferred from market structure and company claims; no direct competitors are named in available sources.
Opportunity
Shatib aims to become the default procurement platform for finishing materials among small to mid-sized real estate developers and contractors. The strategic angel backing suggests validation from an insider familiar with the construction sector's pain points [Startup Researcher, 2025].
Data Accuracy: YELLOW -- Core opportunity claims are cited from regional press; market context and comparables are established.
Sources
- [Waya Media, 2025] Saudi's Shatib Raises USD 750K to Scale Construction Materials Marketplace | https://waya.media/saudis-shatib-raises-usd-750k-to-scale-construction-materials-marketplace/
- [Startup Researcher, 2025] Shatib Raises $750,000 to Cut Construction Costs | https://www.startupresearcher.com/news/shatib-raises-usd750-000-to-cut-construction-costs
- [Silicon Africa, Dec 2025] Saudi B2B Startup Shatib Lands $750K Pre-Seed for MENA Growth | https://siliconafrica.com/2025/12/01/saudi-b2b-startup-shatib-lands-750k-pre-seed-for-mena-growth/
- [Crunchbase] Shatib - Crunchbase Company Profile & Funding | https://www.crunchbase.com/organization/shatib
- [Saudi Contractors Authority, 2024] Saudi Contractors Authority Report on Awarded Contracts | https://www.saudicontractors.org/en/reports
- [Crunchbase] Infra.Market - Crunchbase Company Profile & Funding | https://www.crunchbase.com/organization/infra-market
Articles about Shatib
- Shatib's Pooled Orders Target a 35% Discount on Saudi Construction Materials — The Riyadh-based B2B marketplace, backed by a $750,000 pre-seed, aggregates demand for finishing materials and offers integrated financing.