SHATIB, the Saudi technology platform specializing in collective procurement of construction materials, has successfully closed its Pre-Seed investment round valued at $750,000, backed by a strategic angel investor.
The platform empowers real estate developers and contractors to achieve more competitive pricing by aggregating material demand across multiple projects, enhancing their negotiation leverage with manufacturers and authorized distributors. Through this model, SHATIB provides clients with cost reductions ranging between 20% and 35% compared to prevailing market prices.

Founded in Riyadh in 2024 by Abdulaziz Muteb Al-Masaud, who serves as the Chief Executive Officer, the company leverages his extensive expertise in supply chain management and procurement to deliver innovative technological solutions. SHATIB aims to transform the construction sector by offering tools that increase procurement efficiency, reduce operational costs, and enable industry professionals to adopt smarter, more scalable purchasing practices.