Aamar, a Saudi-based PropTech platform specializing in managing and automating rental operations, has announced the successful closing of its Seed funding round, raising over $4 million. The round saw participation from Aqar App, RZM Investment, Al Majdiah, and Blom Invest, alongside several angel investors.
The new capital injection will fuel Aamar’s mission to simplify and automate the leasing and asset-finance sector through its advanced, AI-powered services.
Revolutionizing Rental Management
Aamar is focused on transforming the entire rental journey from end-to-end, creating a faster, more transparent, and efficient process for both landlords and tenants. By leveraging artificial intelligence and integrating with key real estate platforms and regulatory bodies, the platform significantly reduces manual workloads and streamlines daily operational coordination.
This digital-first approach enhances the landlord-tenant relationship, improves service quality, and strengthens reliability across the rental ecosystem.
Strategic Growth and Expansion
Since its inception, Aamar has demonstrated significant market traction, having served more than 10,000 customers and facilitated rental transactions with a total value exceeding SAR 150 million.
With the new funding, the company plans to expand its operations beyond its initial base in Riyadh to other regions across Saudi Arabia. Aamar also intends to broaden its product offerings and develop additional PropTech solutions to further support rental operations and enhance the user experience.
Founder’s Vision
Faisal Alarfaj, Co-Founder and CEO of Aamar, highlighted the market opportunity, stating, “The rental market in the Kingdom is experiencing growth and rapid acceleration, and with it comes an increasing need for digital solutions that raise operational efficiency and improve the quality of the experience. This round gives us strong momentum to continue developing our platform, expand, and capture the major opportunities ahead in the sector.”
Investor Confidence
Backing this vision, Ibrahim AshShohail, CEO of Aqar App, commented on the platform’s value proposition. “Aamar addresses a real challenge in the rental market—the fragmented processes and heavy manual coordination between parties. Aamar’s offering in terms of automation and journey orchestration makes the process clearer and more reliable for both landlords and tenants, and we see it as a valuable addition to the market.”
About Aamar
Founded in late 2023 by Faisal Alarfaj, Abdulaziz Alyabis, and Yousef Qanaq, Aamar is a PropTech company dedicated to developing a platform that delivers a faster, clearer, and more efficient rental experience for the Saudi market.
Source: Entarabi
