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Al-Ramz to create 370M Riyal housing fund

Al-Ramz to create 370M Riyal housing fund

Al-Razem Real Estate Company has signed an agreement to establish an investment fund worth 370 million Saudi Riyals to finance the development of a residential project in Riyadh called "Razem Al-Raed 2." The fund, in which its partners each hold a 50% stake, aims to create approximately 290 residential units over an area of more than 15,000 square meters. Al-Razem will serve as the exclusive developer and marketer of the project, contributing to enhancing the company's financial performance over four years.

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