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Riyadh - Mubasher: Alramz Real Estate Company has obtained Shariah-compliant credit facilities worth SAR 288 million from Saudi Awwal Bank (SAB).
The two-year facility will be used to fund the company’s expansion plans in the real estate sector, according to a bourse statement.
Secured on 28 January 2026, the funding is backed by a promissory note covering the full value of the granted facilities.
Last month, Alramz Real Estate signed an agreement to launch a Shariah-compliant real estate investment fund, which will be managed by SNB Capital.
Source:
Mubasher
