Ibtikar Fund has invested in Nabeeh, a PropTech startup, to enhance maintenance and cleaning services, aligning with the growing demand in the Saudi Arabian market.

Information on the Target

Nabeeh is a pioneering PropTech startup that is transforming maintenance and cleaning services for property owners, real estate operators, and businesses with multiple branches. It leverages innovative technology to streamline service delivery, enhancing efficiency and customer satisfaction. The platform offers comprehensive solutions tailored to the unique challenges faced by its clients, positioning itself as a crucial player in the maintenance and facility management sector.

Founded in 2021 by seasoned professionals Fawaz Samara and Saber Samara, Nabeeh has seen remarkable growth, achieving a 300% year-on-year increase in its user base. With over 20,000 app downloads and a 95% client satisfaction rate, it operates across six major cities in Saudi Arabia, catering to property owners and numerous B2B clients while partnering with hundreds of service providers.

Industry Overview in Saudi Arabia

The PropTech industry in Saudi Arabia has been witnessing significant growth, driven by a robust real estate market and a rising demand for advanced technological solutions. As the country embraces digital transformation, property management services are evolving, focusin