Riyadh, Saudi Arabia — Aamar, a real estate technology platform focused on automating and managing rental processes, has announced the successful closing of its seed investment round, raising more than $4 million.
The round saw participation from Aqar App, Rzm Investment, Al Majdiah Investment, Blom Invest, along with a group of angel investors.
Founded at the end of 2023, Aamar began operations in Riyadh and plans to expand its services to other regions across the Kingdom. The company stated that the new funding will support its geographic expansion in collaboration with its strategic investors, as well as the development of additional technology products designed to enhance leasing operations and improve overall user experience.
Aamar provides a digital platform that simplifies and automates real estate leasing processes for both individuals and businesses, aiming to reduce manual work and significantly improve operational efficiency.
The platform leverages artificial intelligence technologies and integrates with real estate platforms and relevant regulatory authorities to streamline communication and daily operational coordination. This approach enables a more transparent and seamless experience for tenants while improving service quality and reliability across the leasing ecosystem.
Aamar was founded by Faisal Al-Arfaj, Abdulaziz Al-Yabis, and Yousef Qanq, with a vision to modernize and digitize rental management in Saudi Arabia’s rapidly evolving real estate sector.
