Ejari has increased its rent-financing facility with Partners for Growth to as much as $50 million as it prepares to extend its monthly-payment model to commercial tenants, the Saudi company announced on November 8.
The Riyadh-based business pays landlords a year's rent and collects monthly installments from tenants. The warehouse facility finances those rental transactions; Ejari said a separate Series A, which it expects to close soon, would support technology, staffing and services.
According to its customer terms, a tenant on a 12-month contract pays a 15% service fee when the landlord receives the rent in one payment and the tenant pays monthly. The fee falls when landlords accept multiple payments or tenants pay less frequently.
PFG first backed the business in 2024, providing debt as part of Ejari's $14.65 million seed financing, which also included equity. Ejari says it now serves more than 40 Saudi cities, compared with 17 at the time of that round.
Commercial leasing has been in Ejari's plans since at least May 2025, when chief executive Yazeed Al-Shamsi told Arab News it intended to expand into offices, shops and industrial properties. Its current customer FAQ still limits the service to residential rentals.