Aamar raises over $4 million in seed round to modernize Saudi rental market
News • January 7, 2026
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Saudi proptech startup Aamar has closed a seed round of over $4 million with participation from Aqar App, Razm Investment, Al Majdiah Investment, Blom Invest, and angel investors. Founded in late 2023 by Faisal Alarfaj, Abdulaziz Alyabis, and Yousef Qanaq, Aamar provides an AI-powered platform that automates leasing and asset financing operations, simplifying the rental process for individuals and businesses while reducing manual adjustments. The funding will be used to expand product capabilities and expand geographically across Saudi Arabia as Aamar builds additional proptech solutions to improve efficiency, transparency, and user experience.
press release:
Saudi proptech startup Amar has announced the closing of a seed funding round of over $4 million aimed at simplifying and automating leasing and asset financing operations through AI-powered solutions.
The round included participation from Aqar App, Razm Investment, Al Majdiah Investment, and Blom Invest, in addition to a number of angel investors.
Founded in late 2023 by Faisal Alarfaj, Abdulaziz Alyabis, and Yousef Qanaq, Aamar provides a digital platform that automates end-to-end rental travel, reducing manual labor and improving operational efficiency for both individuals and businesses.
The platform leverages AI technology and integrates with real estate platforms and relevant regulatory bodies to streamline communications, automate adjustments, and provide a clearer, more transparent landlord and tenant experience. To date, Aamar has served more than 10,000 customers and provided rental units totaling more than R150 million.
The new funding will support product development and expansion of Aamar’s AI-powered leasing and asset finance services. The company also plans to expand geographically beyond Riyadh to other regions across the Kingdom while expanding its proptech product suite to further improve efficiency and user experience.
Commenting on the round, Aamar co-founder and CEO Faisal Alalfaji said the Saudi rental market is experiencing rapid growth, creating strong demand for digital solutions that improve efficiency and service quality. He added that this investment will provide the impetus to expand the platform and capture opportunities across sectors.
Ibrahim AshShohail, CEO of Aqar App, said Aamar is addressing key challenges in the rental market by replacing fragmented, manual processes with more structured and automated processes that benefit both landlords and tenants.
