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Al-Ramz to create Riyadh real estate fund
Al-Raazam Real Estate Company announced the signing of an agreement with Al-Ahli Financial to establish a real estate investment fund with a targeted value of up to 3.6 billion SAR. The goal is to develop a residential and commercial project in the Al-Raed neighborhood of Riyadh. The project, covering an area of over 90,000 square meters, includes 2,505 residential units (apartments) and commercial spaces. It benefits from high demand in the area contrasted with low supply, and is located close to vital centers and major developments. Al-Ahli Financial will manage the fund, while Al-Raazam will own all its units. Development fees will amount to 10% of the contract value (approximately 120 million SAR), plus a marketing fee of 2.5% of sales, with the contract duration set at five years. This investment aims to expand the company's portfolio and deliver high-quality residential products to meet the needs of the Saudi real estate market.
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