Saudi PropTech startup Aamar has closed a seed funding round exceeding $4 million, as it accelerates its mission to digitise and automate leasing and asset-finance operations across the Kingdom.
The round attracted participation from Aqar App, RZM Investment, Al Majdiah Investment, Blom Invest, alongside a group of angel investors. The fresh capital will be used to scale Aamar’s AI-powered platform and expand its footprint within Saudi Arabia.
Founded to simplify the rental journey end to end, Aamar automates traditionally manual and fragmented processes, offering a fully digital experience for both landlords and tenants. By leveraging artificial intelligence and integrations with real estate platforms and regulatory entities, the company aims to reduce operational friction, improve transparency, and streamline daily coordination across rental operations.
To date, Aamar has served more than 10,000 users and facilitated rental units with a combined value exceeding SAR 150 million, signaling strong early adoption in a rapidly growing market.
Having launched operations in Riyadh, the company is now preparing to expand into additional regions across the Kingdom. Alongside geographic growth, Aamar plans to broaden its product suite with new PropTech solutions focused on boosting operational efficiency, enhancing user experience, and supporting asset-finance use cases.
“The rental market in Saudi Arabia is growing at an unprecedented pace, and that growth demands smarter, more efficient digital solutions,” said Faisal Alarfaj, Co-Founder and CEO of Aamar. “This round gives us strong momentum to continue building our platform, expand nationally, and capture the significant opportunities ahead.”
From the investor side, Ibrahim AshShohail, CEO of Aqar App, highlighted the platform’s impact on a traditionally complex market. “Aamar tackles one of the rental sector’s core challenges—fragmented processes and heavy manual coordination. Its automation-first approach creates a clearer and more reliable journey for both landlords and tenants.”
Aamar was founded in late 2023 by Faisal Alarfaj, Abdulaziz Alyabis, and Yousef Qanaq. As it continues to scale, the company is positioning itself as a foundational digital layer for Saudi Arabia’s evolving rental and asset-finance ecosystem.
