Safqah Capital has emerged as one of the Kingdom’s most closely watched early-stage platforms following a significant seed round that underlines investor confidence in Saudi Arabia’s fast-evolving property and capital markets landscape.
The company has raised $15.2m in an oversubscribed seed funding round, one of the largest pure-equity seed raises in the Kingdom to date.
The round was led by anb Seed Fund, Shorooq and Rua Growth Fund, with participation from Sharaka Capital, COTU Ventures, Sadu Capital, 500 Global, Suhail Ventures, MEVP, Waad Invest, JOA Capital and other institutional and venture backers.
Safqah addresses a structural gap in Saudi Arabia’s real estate market by enabling faster, more transparent access to capital for small and medium-sized developers. While headline-grabbing giga-projects dominate international attention, thousands of SME developers are responsible for delivering much of the Kingdom’s housing and commercial stock, often facing slow approval cycles and rigid underwriting from traditional banks.
Over the past 18 months, Safqah has financed more than 70 development projects with a combined value exceeding $800m across Saudi Arabia. The company reports a zero-default track record to date, with loans collateralised at more than 248% and disbursed through a milestone-based framework designed to align funding with project delivery.
The platform offers Shariah-compliant debt financing tailored specifically to SME developers, a segment historically underserved by conventional lenders. Authorised by the Kingdom’s Capital Market Authority to offer and enable investment in debt instruments, Safqah combines real estate underwriting, structured finance and developer-centric software within a single digital workflow.
The fresh capital will be used to enhance Safqah’s product offering and digital platform, with a strong emphasis on building more sophisticated AI-driven tools for underwriting, risk assessment and project monitoring. The company also plans to expand its financing capacity to meet rising demand, increasing both the number and size of funded projects as development activity accelerates.
Beyond financing, Safqah positions itself as foundational infrastructure for the real estate sector, offering developers tools to manage projects and capital, while providing investors access to diversified, asset-backed opportunities supported by structured underwriting and data-led reporting.
Safqah Capital CEO Abdullah Alsubaie said, “Banks were not built for developers — we were. We’ve engineered an ecosystem where developers can access capital faster, accelerate project delivery, and improve capital efficiency while strengthening monitoring and risk controls for all stakeholders.”
anb capital CEO Khalid S. Alghamdi said, “We are very pleased to co-lead the investment in Safqah, as part of our commitment to supporting technology-enabled financial platforms that contribute to the Kingdom’s Vision 2030. Safqah brings together technological innovation and strong credit governance to deliver more efficient and transparent financing solutions for real estate developers across the region. We believe the company is well positioned to support the evolution of the real estate and financial services sectors, enhance capital market efficiency, and contribute to sustainable economic growth in Saudi Arabia.”
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