The Saudi Technology Fund (STF) has announced the acquisition of 92% from PropertyNet, a leading provider of property management software solutions in Saudi Arabia.
This acquisition aims to support PropertyNet's expansion into new markets and accelerate the development of innovative products that meet the needs of the real estate industry. <The acquisition is intended to support PropertyNet's expansion into new markets and accelerate the development of innovative products that meet the needs of the evolving real estate industry. Abdulrahman Alkulaibi, CEO of PropertyNet, said: “This partnership with the Saudi Technology Fund marks a new beginning for our company. ”Together we will expand our business and bring our premium solutions to new markets around the world."
The deal was announced at the Saudi Technology Fund. <The deal was announced at Cityscape 2024, the region's largest real estate investment and development event.
About PropertyNet
PropertyNet is a Saudi company specialized in providing real estate management software, with more than 20 years of experience in the local market. The company always strives to enhance efficiency and provide innovative solutions to its customers.
About Saudi Technology Fund
Saudi Technology Fund is a strategic investor focused on the technology sector, working to support high-potential companies to achieve growth and innovation.
This collaboration is an important step towards a bright technological future in real estate management.
