BRIEF-Al Ramz Real Estate To Establish Real Estate Investment Fund To Be Managed By Oud Capital

ALRAMZ

ALRAMZ

4327.SA

0.00

July 1 (Reuters) - AL RAMZ REAL ESTATE COMPANY SJSC 4327.SE:

  • ANNOUNCES CONTRACT SIGN OFF WITH OUD CAPITAL

  • AL RAMZ REAL ESTATE - CONTRACT TO ESTABLISH A SHARIAH-COMPLIANT REAL ESTATE INVESTMENT FUND, TO BE MANAGED BY OUD CAPITAL

  • AL RAMZ REAL ESTATE - FUND FOR DEVELOPMENT OF RESIDENTIAL PROJECTS CURRENTLY OWNED BY COMPANY

  • AL RAMZ REAL ESTATE - TARGET FUND SIZE EXCEEDS SAR 1 BILLION

  • AL RAMZ REAL ESTATE - FUND WILL BE 100% OWNED BY AL RAMZ REAL ESTATE

  • AL RAMZ REAL ESTATE - DEVELOPMENT CONTRACT VALUE: APPROXIMATELY SAR 391 MILLION

  • AL RAMZ REAL ESTATE - DEVELOPMENT FEE (10%): APPROXIMATELY SAR 39 MILLION

  • AL RAMZ REAL ESTATE - CONTRACT DURATION APPROX THREE YEARS UNTIL FULL SALES COMPLETION

  • AL RAMZ REAL ESTATE - DEAL IS EXPECTED TO CONTRIBUTE POSITIVELY TO FINANCIAL PERFORMANCE DURING 2026 – 2027 – 2028 – 2029


Source text: ID:nSSE4V4VGm

Further company coverage: 4327.SE


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