Ejari expands debt facility with Partners for Growth to $50M to support residential and commercial rental expansion across Saudi Arabia.
Amount Raised
$50 Million
Round Type
Debt Financing
RiyadhReal EstateFintechProperty ManagementCommercial Real EstateInvestors
Description
Ejari, a Saudi rent-now-pay-later platform, has expanded its credit facility with Partners for Growth (PFG) to $50 million. The Sharia-compliant facility finances rental transactions where Ejari pays landlords upfront and collects monthly payments from tenants. The expansion increases an existing financing arrangement established in 2024 and supports the company's expansion into commercial leasing for SMEs. Ejari operates across more than 40 Saudi cities and is separately working towards a Series A equity round.
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