Riyadh - Mubasher: Alramz Real Estate Company has signed an agreement on 30 June 2026 with Oud Capital to establish a Sharia-compliant real estate investment fund.
The fund has a target size exceeding SAR 1 billion and is designed to develop residential projects on land currently owned by the company. Al Ramz Real Estate will maintain 100% ownership of the fund.
The development projects will span a total land area of 70,516 square meters and are expected to deliver more than 800 residential units.
The contract is valued at approximately SAR 391 million, with Al Ramz Real Estate set to receive a 10% development fee totaling approximately SAR 39 million.
Additionally, the company will earn a marketing fee equivalent to 2.5% of total sales.
The transaction's duration is approximately three years until the completion of sales. It involves a related party, as Al Ramz Real Estate holds a 25% stake in Oud Capital.
The company expects the financial impact of this agreement to be reflected in its performance during the years 2026, 2027, 2028, and 2029.
In June, the listed company penned a deal to launch Alahli Alramz Assayel Residential Fund at SAR 370 million.
