Stake, a digital real estate investment platform in the MENA region, has launched in Saudi Arabia, becoming the first platform regulated by the Capital Market Authority (CMA) to offer global investors access to the Kingdom’s real estate market.
In partnership with developer Al Rajhi Seventh as well as Saudi asset management firm Mulkia Investment Company, Stake is introducing investment opportunities, starting with a commercial property in North Riyadh.
The platform aims to make Sharia-compliant real estate investments more accessible, with a minimum entry of SAR 500, aligning with Saudi Arabia’s economic goals under Vision 2030.
With a mission to democratise real estate ownership, the company has already built a global community of over 800,000 users. Saudi Arabia’s economy plays a pivotal role in Stake’s decision to enter the market, with the Kingdom forecasted to grow by 4.6 per cent in 2025, making it one of the fastest-growing economies among G20 nations.
“Saudi Arabia is a cornerstone of Stake’s vision to redefine real estate investment,” said Manar Mahmassani, co-founder and co-CEO at Stake. “The Kingdom’s thriving economy and Vision 2030 initiative align perfectly with our mission to provide inclusive and borderless access to high-potential property markets. By entering Saudi Arabia, we are inviting investors worldwide to participate in its exciting growth story.”
Saudi operations
Hanouf Bin Saeed, a financial industry veteran with over 17 years of experience, will take charge of Stake’s Saudi operations.
“Stake’s vision is revolutionary,” she also added. “By creating an ecosystem of trust and innovation, we are enabling individuals to build wealth like never before. I am honored to lead this mission in Saudi Arabia and look forward to shaping the future of real estate investment in the Kingdom.”
In June of this year, Stake bagged a $14million Series A funding from top-tier investors including Aramco’s Wa’ed Ventures, one of Saudi Arabia’s largest VC’s, Mubadala Investment Company, Abu Dhabi’s Sovereign Investor and Al Jomaih Holding, one of Saudi Arabia’s largest family conglomerates.
Earlier this year, LinkedIn named Stake as one of the top startups of 2024, and CB Insights also included it in the 2024 Top 100 Global Fintech list.
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