Achieving a Return Nearly 4 Times the Investment Amount in a Record Period of 22 Months

Watheeq Capital has announced its partial exit from Rize Company. Through the Watheeq PropTech Venture Fund, the company achieved an investment return of nearly four times the initial investment in just 22 months.

The exit coincided with Rize Company’s successful closure of its Series A funding round, raising SAR 132 million (USD 35 million). The round was led by Raed Ventures, with participation from investors such as Nama Ventures and Sidra Ventures.

Watheeq Capital will retain its remaining stake in Rize Company, reaffirming its confidence in its growth and potential for future success.

Watheeq Capital, a company licensed by the Capital Market Authority under license number (18189-32), has announced its partial exit from Rize, a Saudi-based PropTech company. The exit was achieved through the Watheeq PropTech Venture Fund, generating an investment return nearly 4 times the initial amount in just 22 months.

This exit coincides with Rize’s successful closure of its Series A funding round, raising SAR 132 million (USD 35 million). The round was led by Raed Ventures, with participation from prominent investors such as Nama Ventures, Sidra Ventures, Aqar Platform, Joa Capital, and Hala Ventures.

Watheeq Capital was among the earliest supporters of Rize, participating in its Pre-Seed funding round through the Watheeq PropTech Venture Fund. The fund, licensed by the Capital Market Authority, focuses on investing in promising PropTech companies. Watheeq Capital also confirmed that it will retain its remaining stake in Rize, reaffirming its continued confidence in its growth and potential for future success.

In his statement, Mr. Abdullah Al-Mohareb, CEO of Watheeq Capital, said:

“We are proud of our partnership with Rize, which represents a pioneering model in the emerging PropTech sector in the Kingdom. This success reflects the strength of Rize’s technological solutions, their ability to meet local market needs, and their potential to drive future growth opportunities.”

Mr. Abdullah also emphasized that past performance does not necessarily reflect future results for the fund. He reaffirmed Watheeq Capital’s commitment to its leading role in providing innovative investment opportunities and supporting startups, aiming to achieve remarkable successes and exceptional returns for its investors.