On August 4, 2026, Alramz Real Estate Company announced the obtaining of Shariah-compliant credit facilities from Alinma Bank, comprising two tranches: Facility 1 of SAR 200,000,000 with a five-year term, secured by 150% real estate mortgages, and Facility 2 of SAR 100,000,000 as a six-month revolving facility, secured by a 200% pledge of investment fund units, with both facilities further supported by promissory notes totaling SAR 330,000,000. The facilities are intended to finance land acquisitions, development costs, working capital, and to support the Company's expansion plans across its real estate projects while strengthening its financing structure. Although the agreement was originally dated July 12, 2026, it officially entered into effect on August 4, 2026.

Original announcement:

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