Al-Ramaz Signs 400M Riyal Loan with Al-Bilad
Al-Razm Real Estate Company announced the signing of a credit facility agreement with Bank Albilad amounting to 400 million SAR, with a term of 48 months starting from the first drawdown. The purpose of the facility is to strengthen its financial position and support its real estate operations and investments in real estate funds. The company's units in real estate investment funds have been pledged as collateral. Payments will be made in four annual installments, with the first installment due after one year from the drawdown. The agreement ensures transparency and is free of related-party involvement.
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