Founded in 2024 by Abdulmajeed Al-Babtain and Abdulrahman Al-Shaya, Mznil offers a technology-enabled platform that develops and operates purpose-built accommodation for labor forces. The company supplies turnkey housing across more than 13 Saudi cities, managing an operational network of over 60 buildings. Its client roster exceeds 100 corporations, including Smasco, EFSIM, Barq, and Sixt, underscoring early market traction in multiple sectors. Mznil’s core product centers on end-to-end housing services that match corporate demand with compliant, high-quality residences. With fresh capital, the firm plans to co-develop a 22,000-square-meter site that will add six new workforce-housing properties in partnership with local landowners. This expansion aims to deepen its geographic reach and scale its asset base to meet growing demand. Although revenue figures are not disclosed, the company’s rapid footprint growth suggests a capital-intensive but potentially defensible operating model.

Total raised

$12M

Funding rounds

1

Latest round

Series A

Latest activity

Nov 2025