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Al-Ramz inks 400m Riyals credit deal
Al-Ramz Real Estate Company announced the signing of a credit facilities agreement with Bank Albilad valued at 400 million Saudi riyals, for a duration of four years starting from October 2026. The company will utilize the funds to meet its operational needs and enhance its investments in real estate funds. The amount will be repaid in four annual installments, with a mortgage on units owned by the company in real estate investment funds as collateral. This step aims to support the continuity of operations and expand its investment portfolio in the Saudi real estate sector, while adhering to transparency and ensuring no related parties are involved in the agreement.
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