Logo ofAl Ramz Real Estate Co.
Alramz Real Estate Co. signed today, Dec. 29, an agreement to establish a Shariah-compliant real estate investment fund with SNB Capital (fund manager) and AWJ Holding Co. (landowner), dedicated to the development of the former’s latest residential project in Riyadh, Rabwat Al Ramz. 
The project, located in the capital city’s Al-Safa District, spans a total area of 219,130 square meters (sqm), Alramz disclosed in a statement on Tadawul.
The TASI-listed company said the fund’s target size is SAR 2.5 billion, to which it will contribute SAR 105 million as a stakeholder. It noted that no related parties were involved in the deal.
Logo ofAl Ramz Real Estate Co.
Alramz Real Estate Co. signed today, Dec. 29, an agreement to establish a Shariah-compliant real estate investment fund with SNB Capital (fund manager) and AWJ Holding Co. (landowner), dedicated to the development of the former’s latest residential project in Riyadh, Rabwat Al Ramz.
The project, located in the capital city’s Al-Safa District, spans a total area of 219,130 square meters (sqm), Alramz disclosed in a statement on Tadawul.
The TASI-listed company said the fund’s target size is SAR 2.5 billion, to which it will contribute SAR 105 million as a stakeholder. It noted that no related parties were involved in the deal.
