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Al-Ramz secures 500M riyal credit from Al-Rajhi
Al-Ramz Real Estate Company announced the signing of a credit facilities agreement worth 500 million Riyals with Al Rajhi Bank, aimed at financing acquisitions, developing new projects, and supporting working capital. The facilities include two tranches: the first worth 450 million Riyals for 5 years, and the second worth 50 million Riyals for three months, with guarantees that include mortgage pledges covering 150% of the financing amount, project revenue assignments, promissory notes, and Sharia-compliant securities. The agreement became effective on September 10, 2026, after being signed on August 3, with no related parties involved.
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