On June 8, 2026, Alramz Real Estate Co. announced the signing of an agreement with AlAhli Capital Company (SNBC) as fund manager and Assayel Arabia Real Estate Company as fund partner to establish the "Alahli Alramz Assayel Residential Fund," a Shariah-compliant real estate investment fund with a target size of SAR 370 million. The fund will be equally owned between Alramz and Assayel Arabia, managed by SNB Capital, for developing the "Ramz Al-Raed 2" residential project in Riyadh's Al Raed district on a 15,131 square meter plot. The project aims to develop approximately 290 residential units, with Alramz serving as developer and exclusive marketer, earning a 10% development fee and 2.5% marketing commission. The transaction is expected to positively impact the company's financial performance from 2026 through 2029.

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.