Ijari expands PFG financing facility to $50M in Saudi Arabia
Ijari has raised its Partners for Growth financing facility to $50 million, backing its rent-now, pay-later leasing service in Saudi Arabia.
Saudi proptech and fintech company Ijari has raised its financing facility with Partners for Growth (PFG) to $50 million, about SAR 187.5 million. The money comes as asset-backed financing structured as Sharia-compliant murabaha.
The increase builds on a financing relationship the two sides began in 2024, aimed at strengthening Ijari’s ability to offer more flexible solutions in the residential rental market. The company is also seeking to close a new Series A round.
Ijari offers a rent-now, pay-later service for residential leases. The landlord receives the full annual rent upfront, while the tenant pays the amount back in monthly instalments.
Founded in Riyadh in 2022, the company operates in more than 40 Saudi cities. It is preparing to enter commercial leasing, alongside an expansion of its services in the residential rental market.
The expanded facility is backed by financing for the leasing operations the company offers under its rent-now, pay-later service.
Saudi lease contracts rose 37% in a year to about 446,300 in August 2026, while their total value climbed 32% to SAR 10.62 billion.
Ijari said it has received requests to finance rent payments worth as much as SAR 2 billion, reflecting rising demand for innovative financing solutions in the real estate market.
The planned Series A is meant to support technology development, team growth and better services, a step aimed at raising the company’s readiness to broaden operations and enter new markets.
