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Signing of Cooperation Agreement Between Rize and Al-Arabiah Development & Investment Co.

January 7, 2025
In a new strategic move, Rize announced today the signing of a strategic partnership agreement with the Al-Arabiah Development & Investment Co (ADICO), one of the leading companies in property management. The aim of this agreement is to enhance cooperation between the two parties in the field of flexible rental solutions.
This partnership is part of several initiatives Rize is pursuing to unify efforts in enhancing real estate technology services in the market and expanding the range of its offerings to meet the growing demand for flexible rental solutions.
Commenting on the agreement, the CEO of Rize stated, “This partnership represents an important step towards achieving our vision of enhancing the role of modern real estate technologies and providing higher quality services related to flexible rental solutions. This will maximize benefits for both property owners and tenants alike. We are confident that collaboration with the Arab Company for Development and Investment will enable us to deliver effective solutions that meet customer needs.

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Rize is a platform that facilitates the rental process through the “Rent Now, Pay Later” feature that provides flexibility to tenants and supports the growth of real estate technology in the Kingdom of Saudi Arabia.

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