On July 30, 2026, Al Ramz Real Estate Company announced the signing of an agreement with SNB Capital Company to establish a Shariah-compliant real estate investment fund for the development of a mixed-use residential and commercial project in Al Raed district, Al Jawhara property block, Riyadh. Al Ramz Real Estate Company holds 100% of the fund's units, with the target fund size exceeding SAR 3.6 billion, covering a land area of over 90,000 square meters and comprising approximately 2,505 residential units along with commercial spaces. The development contract is valued at approximately SAR 1.2 billion, with Al Ramz set to receive a development fee of 10% (approximately SAR 120 million) and a marketing fee of 2.5% of total sales. The contract spans approximately five years until completion of sales, and the transaction is expected to positively impact the Company's financial performance from 2026 through 2031.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.