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Al-Ramz and Oud Al-Maliyeh to launch 1B Riyal fund
Al-Rmaz Real Estate Company announced the signing of a strategic agreement with Oud Financial Company to establish an Islamic real estate investment fund with a value exceeding one billion riyals. The fund aims to develop residential projects on lands owned by the company, spanning an area of over 70,000 square meters, and is expected to include more than 800 residential units. Oud Financial will manage the fund, with the company holding a full stake, and it is anticipated to contribute to enhancing the company’s financial performance from 2026 to 2029 through development fees of approximately 39 million riyals and sales commissions. The deal aims to achieve sustainable growth through real estate development projects, while adhering to governance and transparency standards.
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