Riyadh - Mubasher: Alramz Real Estate Company purchased several plots of land, with a total area of 15,293 square meters, in Riyadh City on King Salman Road.
The transaction was priced at SAR 25,000 per square meter in Al Qirawan District, according to a bourse disclosure.
It aims at developing several mixed-use towers in accordance with the Salmani Code, with a net value of SAR 382.33 million.
Meanwhile, the project will be financed through the banking facilities granted to Alramz Real Estate, its financial resources, as well as a portion of the offering proceeds.
This transaction is expected to contribute to enhancing the Saudi firm’s financial performance during 2026, 2027, 2028, and 2029.
Today, the company began trading its shares on the Main Market of the Saudi Exchange (Tadawul).
