BRIEF-Al Ramz Real Estate Signs Agreement With Alahli Capital And Assayel Arabia Real Estate

ALRAMZ
Tadawul All Shares Index

ALRAMZ

4327.SA

0.00

Tadawul All Shares Index

TASI.SA

0.00

June 8 (Reuters) - AL RAMZ REAL ESTATE COMPANY 4327.SE:

  • SIGNS AGREEMENT WITH ALAHLI CAPITAL AND ASSAYEL ARABIA REAL ESTATE

  • AGREEMENT TO ESTABLISH A SHARIAH-COMPLIANT REAL ESTATE INVESTMENT FUND

  • TARGET FUND SIZE SAR 370 MILLION

  • FUND EQUALLY OWNED BETWEEN ALRAMZ REAL ESTATE AND ASSAYEL ARABIA REAL ESTATE, MANAGED BY FUND MANAGER SNB CAPITAL

  • FUND FOR DEVELOPMENT OF THE "RAMZ AL-RAED 2" RESIDENTIAL PROJECT

  • AL RAMZ WILL ALSO RECEIVE A MARKETING AND SALES COMMISSION OF 2.5% OF FUND’S TOTAL SALES VALUE

  • CO WILL ACT AS DEVELOPER AND EXCLUSIVE MARKETER OF PROJECT

Source text: ID:nSSEFJcpD

Further company coverage: 4327.SE


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