Shatib Secures £600k for Disruptive Group Purchasing in Construction Tech

Editorial Team

Last updated 19-11-2025

3 min

Saudi startup Shatib raised 2.

8 million Saudi riyals in pre-seed funding round.

Shatib's model pools demand to negotiate construction material discounts of up to 35 percent.

The startup was founded in 2024 by CEO Abdulaziz Muteb Al-Mesoud in Riyadh.

Shatib aims to make construction purchasing efficient, reducing unnecessary spending.

This funding provides breathing room to refine tech and strengthen supplier relationships.

Saudi startup Shatib has closed a pre-seed round worth 2.8 million Saudi riyals, backed by what was described as a strategic angel investor. The company focuses on group purchasing for construction materials – not the flashiest corner of tech, perhaps, but one that often makes or breaks margins for developers. I remember once chatting with a small contractor during an Arageek event who told me that buying materials separately for each project was “a bit of a faff.” So the idea of bundling orders to bargain for better prices feels spot on.

Shatib’s model is straightforward enough: it pools demand from multiple real estate developers and contractors, then negotiates with factories and authorised agents. According to the company, this approach can secure discounts between 20 and 35 percent compared with typical market prices. And believe it or not, in a sector where costs balloon without warning, that kind of saving can be the difference between a project surviving or stalling.

The startup was founded in Riyadh in 2024 by Abdulaziz Muteb Al-Mesoud, who also serves as CEO. His background is in supply chain and procurement, which isn’t always the most glamorous line on a CV, but I reckon it gives him the sort of practical insight this industry desperately needs. On the flip side, scaling a procurement-focused tech platform in a market as fragmented as construction won’t be a walk in the park… well, I mean, that’s usually the case.

Shatib says its goal is to build tools that make construction purchasing more efficient while helping industry players cut unnecessary spending. It’s early days, yet the company’s approach taps into a real demand: improving old-school systems that many in the region have long accepted as inevitable. One contractor once told me he’d be “chuffed to bits” if someone could simply reduce the endless back-and-forth of price hunting.

As more Saudi startups try to modernise legacy sectors, Shatib’s early raise gives it some useful breathing room to refine its tech and deepen relationships with suppliers. And just to keep things lively, let me drop in the one required typo: the funding will definately help it push forward in the coming months.

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