Saudi proptech Rize secures $50 million facility from Jadwa Investment

T2Covered by 1 source · first reported by MENA/Israel: Wamda / Times of Israel at 24 Sept, 12:08 UTC

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…