Hamoud Al-Ghosn

Chairman

A Saudi entrepreneur and founder of the Hissa (HissaTech) app, among the first Saudi property technology apps to offer fractional ownership of real estate. The platform's premise is to let individuals own a share in a leased, income-generating property from a thousand riyals, with monthly or semi-annual distributions and digital management of returns from within the app. It curates leased residential and commercial properties, operates inside the Real Estate General Authority's regulatory sandbox, and provides identity verification and anti-money-laundering checks. Its model rests on investment that complies with Islamic law, and on compressing the technical, financial and legal steps so that the whole process can be completed from a phone.