Alramz to establish SAR 3.6B real estate fund for Riyadh project
- Source
- Argaam - Company Disclosures
- Source link
- https://www.argaam.com/en/article/articledetail/id/1924420
- Published
- 2026-07-30 10:53:00
- Discovered by ProcIntel
- 2026-07-31 10:19:15
- Category
- Supplier Risk
- Geography
- Saudi Arabia, UAE
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
<p><img src="https://argaamplus.s3.amazonaws.com/9400d16d-f7a8-4e21-80dc-bd7c13697097.png" ></p> <p class="ckeCaption" >Logo ofAlramz Real Estate Co.</p> <hr> <p ><!--StartFragment--><a href="https://www.argaam.com/en/tadawul/tasi/alramz" target="_blank">Alramz Real Estate Co.</a> signed an agreement to establish a Shariah-compliant real estate investment fund, managed by SNB Capital, with a target size exceeding SAR 3.6 billion to develop a mixed-use residential and commercial project in Al Raed District, Al Jawhara Plan in Riyadh.<!--EndFragment--></p> <p ></p> <p >According to a statement to <strong>Tadawul</strong>, the company owns 100% of the fund units. The project will be developed on a site spanning more than 90,000 square meters and is expected to include 2,505 residential apartments along with commercial spaces.</p> <p ></p> <p >The company said the development contract is valued at approximately SAR 1.2 billion, with further details to be announced later. Development fees are set at 10%, while marketing fees amount to 2.5% of total sales. The company confirmed that no related parties are involved.</p> <p ></p> <p >The agreement has a term of approximately five years, ending upon completion of sales.</p> <p ></p> <p >Alramz expects the transaction to positively support its financial performance between 2026 and 2031.</p>
Procurement Relevance Gate
- geographic_exposure (weight 8) — matched on "2 linked geographies"
Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Not Assessed — this Signal did not pass the Procurement Relevance Gate, or is fictional/excluded test data.