Shatib has raised new capital to strengthen its role in the construction supply market. The Saudi based B2B platform focuses on group buying for construction materials. It aims to help developers and contractors access better prices through collective demand. The new funding marks an important step in its growth and technology expansion.
Strong early backing from a strategic investor
Shatib closed a 2.8 million Saudi riyal pre seed round from a strategic angel investor. The funding gives the company room to improve its platform and scale its services. It also signals rising interest in digital procurement solutions across the construction sector.
Founded in 2024 by Abdulaziz AlMasoud, Shatib uses a simple idea. It aggregates demand from different projects to help buyers negotiate better prices. This model supports large and small developers who often face rising material costs and tight project margins.
Solving challenges in construction procurement
The construction industry in Saudi Arabia continues to grow at a fast pace. Yet many companies still rely on traditional procurement methods. These methods create price gaps, delays and weak negotiation power. Shatib steps into this gap with a model that gives buyers more control.
The platform helps users:
- Combine material orders from multiple projects
- Strengthen negotiation power with manufacturers
- Reduce purchase costs through bulk pricing
- Streamline procurement through one digital channel
These features allow developers to work faster and with more confidence. They also help project owners predict costs more accurately.
Clear impact on cost and efficiency
Shatib reports that its group buying model can generate cost savings between 20 and 35 percent compared with normal market prices. This saving level can influence project budgets in a meaningful way. It also creates more stability for companies planning long term construction work.
The team also focuses on building technology that improves procurement efficiency. Instead of long sourcing cycles or fragmented supplier communication, Shatib offers a single system that manages the entire process. This approach reduces time spent on manual work and lowers the risk of errors.
Vision for a modern construction ecosystem
CEO Abdulaziz AlMasoud brings experience in supply chain and procurement management. His goal is to use technology to improve the entire construction procurement chain. Shatib plans to expand its tools to support more project types, more material categories and more supplier integrations.
The platform aims to become a trusted partner for contractors and developers who want reliable pricing and smoother workflows. With fresh funding and a clear value proposition, Shatib is positioned to grow with the sector.