Riyadh – Mubasher: Al Ramz Real Estate Company has signed a Sharia-compliant credit facility agreement with Bank Albilad at a value of SAR 400 million, according to a bourse filing.
The financing agreement was finalized on 5 October 2026 and is intended to support the real estate company’s operational requirements and its strategic investments in real estate funds.
The credit facility carries a total duration of four years, or 48 months, effective from the date of the initial drawdown.
According to the disclosure, the loan will be repaid in four annual installments, with the first payment scheduled 12 months after the first withdrawal.
To secure the financing, Al Ramz Real Estate provided guarantees in the form of a mortgage on company-owned units within real estate investment funds.
The company confirmed that there are no related parties involved in this transaction.
