Saudi proptech and fintech company Ejari has expanded its asset-backed financing facility with Partners for Growth (PFG) to $50M, or about SAR 187.5M, through a Sharia-compliant murabaha structure.
The facility will support Ejari’s rent-now, pay-later service. Under the model, landlords receive annual rent upfront while tenants repay the amount in monthly instalments.
The financing relationship began in 2024 and is intended to help the company offer more flexible options in Saudi Arabia’s residential rental market. Founded in Riyadh in 2022, Ejari now operates in more than 40 Saudi cities and is preparing to enter commercial leasing while expanding its residential services.
According to the company, it has received requests to finance rent payments worth up to SAR 2B. Ejari is also seeking to close a new Series A round to fund technology development, team expansion and service improvements as it prepares to broaden its operations and enter new markets.
Source: Jawlah
