Ibtikar Fund is thrilled to announce its investment in Nabeeh, a revolutionary PropTech startup that is using cutting-edge technology and on-demand innovation to transform cleaning and maintenance services for real estate operators, property owners, and multi-branch companies. This investment demonstrates the Ibtikar Fund’s approach to assisting creative, scalable businesses that meet actual market demands and generate substantial profits.
“Nabeeh’s impressive growth trajectory and its ability to penetrate key markets like Saudi Arabia reflect its potential to become a dominant player in the maintenance and facility management space,” said Reem Qawasmi, venture partner at Ibtikar Fund. “We are confident that our investment will help Nabeeh achieve its ambitious goals and deliver significant value to customers and investors alike.”
“Property owners and businesses often struggle with unreliable maintenance and cleaning providers and a lack of transparency. Nabeeh bridges this gap by offering seamless, tech-enabled solutions that prioritise quality, speed, and trust,” said Fawaz Samara, Co-Founder and CEO of Nabeeh. “As we continue to grow and expand in the Saudi market, this phase enables us to cater to the unique needs of real estate rental platforms, property operators, and multi-branch businesses. Our commitment remains focused on enhancing our platform, delivering innovative on-demand solutions, and providing top-quality services that align with the dynamic demands of our clients.”
Nabeeh: Pioneering the Future of Upkeep ServicesModern PropTech platform Nabeeh is transforming cleaning and maintenance services for home appliance manufacturers, multi-branch companies, and property owners. Nabeeh makes maintenance management easier while guaranteeing effectiveness, quality, and client satisfaction by utilizing cutting-edge technology.
Key Offerings:
- For Real Estate Operators: Streamlined maintenance management with preventive and reactive solutions, analytics, and real-time reporting.
- For Multi-Branch Businesses: Centralised management of maintenance requests across branches with scalable and flexible solutions.
- For Home Appliance Companies: Efficient handling of warranty-related maintenance and repairs for end customers.
- For Service Providers: A dedicated app to manage bookings, communication, and payments with ease.
Both Fawaz Samara, the CEO, and Saber Samara, the COO, are seasoned professionals with vast backgrounds in real estate operations and facility management who founded Nabeeh. Collectively, they have created a platform that blends cutting-edge technology with extensive industry knowledge to provide creative solutions that satisfy the demands of service providers, companies, and property owners alike.
Since its launch in 2021, Nabeeh has maintained a 95% customer satisfaction rate and a 300% annual growth in its user base. With dozens of business-to-business clients, hundreds of service providers, and over 20,000 app downloads by property owners, the company currently operates in six major Saudi cities.
With this funding round, Nabeeh hopes to increase its B2B clientele, double its user base, and add new features to its platform, such as predictive maintenance. With these developments, Nabeeh is expected to further establish itself as a prominent player in the PropTech industry and a catalyst for the transformation of the region’s thriving real estate market.
This accomplishment is a significant step in Nabeeh’s goal to revolutionize facility management and maintenance by providing its partners and clients with unparalleled quality, efficiency, and innovation.
