Riyadh, Saudi Arabia — Rize, Saudi Arabia’s leading residential rental platform, has won the Next Generation Award at the 2026 Family Business Awards, organized by the Family Business Community (FBC) to honor success across generations of family businesses in the GCC.
The Next Generation Award recognizes entrepreneurial ventures launched by the next generation in the GCC with the backing of family businesses. Nominations go through several stages: eligibility checks, a shortlist, and three finalists who pitch their ventures to the Board, which selects the winner.
The award was presented by Pierre Beaudoin, Chairman of the Board of Directors of Bombardier, during the awards ceremony. Rize is backed by SEEDRA Ventures, chaired by Musaab Al-Muhaidib.
The recognition reflects Rize’s role in reshaping how families in Saudi Arabia access housing. Rize enables eligible tenants to pay their annual rent monthly instead of in one annual or semi-annual payment, while landlords receive the full annual rent upfront, through Shariah-compliant rental solutions.
Today, Rize serves more than 400,000 registered users and works with a network of over 2,900 real estate partners, with services available across all regions of Saudi Arabia.
The award follows Rize’s inclusion in Forbes Middle East’s Fintech 50 for 2026 and its SAR 187.5 million Murabaha facility from Jadwa Investment.
Learn more about the Family Business Awards: fbcgawards.com
Founded in 2021 by Ibrahim Balilah and Mohammed Alfraihi, Rize is a Saudi company building the infrastructure for the Kingdom's residential rental market.
The platform enables eligible tenants to pay their annual rent monthly, while landlords receive the full annual rent upfront. It also equips real estate brokers with the tools needed to complete rental transactions more efficiently.
For more information, visit rize.sa.
