Al-Ramaz obtains 500M Riyal credit from Al Rajhi
Al-Ramz Real Estate Company announced that it has secured credit facilities worth 500 million riyals from Al-Rajhi Bank, aimed at financing acquisition operations, project development, and supporting working capital. The facilities consist of two tranches: the first worth 450 million riyals for five years, and the second amounting to 50 million riyals for three months. The guarantees include mortgage on properties, revenue assignment, a promissory note, and Shariah-compliant Takaful insurance. The agreement became effective on September 10, 2026, after being signed on August 3 of the same year, with no related parties involved in the transaction.
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