Shatib operates a technology platform that aggregates demand for construction materials from multiple real-estate projects, giving developers and contractors stronger negotiating leverage with manufacturers and distributors. By pooling orders, the company claims it can cut procurement costs by 20–35 percent versus typical market prices. The startup was founded in Riyadh in 2024 by Abdulaziz AlMasoud, whose background is in supply-chain and procurement management. Shatib’s core product is a group-buying marketplace that streamlines price discovery, order management, and supplier coordination. In the near term the company plans to continue building technology that enhances procurement efficiency across the construction ecosystem. Although the company is still at the pre-revenue stage, the recent funding will be used to expand its platform capabilities and grow its customer base of developers and contractors.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Nov 2025