Alramz says it will be the main owner of the fund
Alramz Real Estate Co.said it signed an agreement with SNB Capital to establish a Shariah-compliant real estate investment fund with a target size of SAR 650 million to develop the Ramz Al Raed residential project in Riyadh. 
The company said in a statement to Tadawul it will be the main owner of the fund and will act as developer and exclusive marketer of the project.
The development will comprise about 500 residential units on a 26,590-square-meter plot in Al Raed district, to be sold to end users.
Alramz said it will receive a 7% development fee and a 2.5% marketing fee based on total project sales.
The project is expected to support the company’s investment portfolio and contribute to growth, with a positive financial impact anticipated over 2026–2029, the company added.
Alramz says it will be the main owner of the fund
Alramz Real Estate Co.said it signed an agreement with SNB Capital to establish a Shariah-compliant real estate investment fund with a target size of SAR 650 million to develop the Ramz Al Raed residential project in Riyadh.
The company said in a statement to Tadawul it will be the main owner of the fund and will act as developer and exclusive marketer of the project.
The development will comprise about 500 residential units on a 26,590-square-meter plot in Al Raed district, to be sold to end users.
Alramz said it will receive a 7% development fee and a 2.5% marketing fee based on total project sales.
The project is expected to support the company’s investment portfolio and contribute to growth, with a positive financial impact anticipated over 2026–2029, the company added.
