Alramz launches over SAR 1 billion real estate fund for 800 homes
Alramz Real Estate Co. signed an agreement to establish a Shariah-compliant real estate investment fund, to be managed by Oud Capital, for the development of the company’s residential projects. 
In a statement to Tadawul, the company said the fund’s target size exceeds SAR 1 billion. The projects, to span a total land area of 70,520 square meters, are expected to include more than 800 residential units. Alramz will own 100% of the fund units.
The development contract is valued at approximately SAR 391 million. Alramz will receive a 10% development fee, or about SAR 39 million, in addition to a marketing fee at 2.5% of total sales.
The agreement has a term of approximately three years until the projects are fully sold. The company expects the transaction to enhance its financial performance during 2026, 2027, 2028, and 2029.
Alramz noted the deal involves a related party, Oud Capital, in which it holds a 25% stake. Abdulmalik Rashid Al Rashid represents this interest as a board member of both Oud Capital and Alramz.
The company said it will disclose any material developments related to the agreement in due course.
Alramz launches over SAR 1 billion real estate fund for 800 homes
Alramz Real Estate Co. signed an agreement to establish a Shariah-compliant real estate investment fund, to be managed by Oud Capital, for the development of the company’s residential projects.
In a statement to Tadawul, the company said the fund’s target size exceeds SAR 1 billion. The projects, to span a total land area of 70,520 square meters, are expected to include more than 800 residential units. Alramz will own 100% of the fund units.
The development contract is valued at approximately SAR 391 million. Alramz will receive a 10% development fee, or about SAR 39 million, in addition to a marketing fee at 2.5% of total sales.
The agreement has a term of approximately three years until the projects are fully sold. The company expects the transaction to enhance its financial performance during 2026, 2027, 2028, and 2029.
Alramz noted the deal involves a related party, Oud Capital, in which it holds a 25% stake. Abdulmalik Rashid Al Rashid represents this interest as a board member of both Oud Capital and Alramz.
The company said it will disclose any material developments related to the agreement in due course.
