Stake, a leading digital real estate investment platform in the MENA region, has officially launched operations in Saudi Arabia. Backed by Aramco’s Wa’ed Ventures, Stake is the first platform regulated by the Saudi Capital Market Authority (CMA) to enable individuals outside the Kingdom to invest in Saudi real estate, marking a transformative moment in the region’s investment landscape.
First Investment Opportunity in Saudi Arabia
In collaboration with prominent developer Al-Rajhi Seventh (RJ7) and Mulkia Investment Company, Stake’s inaugural Saudi fund features an income-generating commercial building in North Riyadh. The partnership with Mulkia ensures that funds distributed via Stake’s digital platform are Shariah-compliant, lowering barriers to entry for investors seeking access to Saudi Arabia’s high-growth real estate market.
This initiative aligns with Vision 2030, Saudi Arabia’s strategic plan to diversify its economy and attract global investments. Stake aims to democratize real estate ownership, offering curated opportunities with investments starting from as little as SR500 ($133) through its user-friendly app.
Stake’s Global Reach and Local Leadership
Having built a global community of over 800,000 users, Stake’s expansion into Saudi Arabia underscores its mission to redefine real estate investment. Co-founder and Co-CEO Manar Mahmassani emphasized the Kingdom’s vital role in Stake’s vision:
“Saudi Arabia’s thriving economy and Vision 2030 initiative align perfectly with our mission to provide inclusive and borderless access to high-potential property markets.”
Leading Stake’s Saudi operations is Hanouf bin Saeed, a seasoned financial industry expert with over 17 years of experience. Her leadership credentials include scaling Riyad Bank’s non-bank financial institutions portfolio from SR1 billion to SR12 billion.
“By creating an ecosystem of trust and innovation, we are enabling individuals to build wealth like never before,” bin Saeed stated.
Strong Financial Backing and Industry Recognition
Stake has raised $14 million in Series A funding, with notable investors including Mubadala Investment Company, Abu Dhabi’s Sovereign Investor, and Al-Jomaih Holding. The platform has also earned accolades, being named one of the Top Startups of 2024 by LinkedIn and listed in the CB Insights Top 100 Global Fintechs.
Empowering Investors Amid a Growing Economy
With Saudi Arabia’s economy projected to grow by 4.6% in 2025, making it one of the fastest-growing among G20 nations, Stake’s entry into the market comes at an opportune time. The platform’s transparent, accessible, and innovative approach is set to reshape how investors worldwide engage with the Kingdom’s dynamic real estate market.
