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Al Ramz Real Estate Company has signed an agreement with Oud Capital to establish a Shariah-compliant real estate investment fund with a target size of more than SAR 1 billion. The fund will be fully owned by Al Ramz and will finance the development of the company's residential projects. The development contract is valued at around SAR 391 million, with a development fee of approximately SAR 39 million. The three-year arrangement is expected to support the company's financial performance through 2029 while expanding its residential development portfolio.
Al Ramz Real Estate Company has signed an agreement with Oud Capital to establish a Shariah-compliant real estate investment fund that will focus on developing the company's residential projects. The fund will be managed by Oud Capital and is expected to have a target size exceeding SAR 1 billion, according to the company's latest announcement.
The company said the investment fund will be fully owned by Al Ramz Real Estate. The development contract linked to the fund is valued at approximately SAR 391 million, while the development fee has been estimated at around SAR 39 million, equivalent to 10% of the contract value. The agreement is expected to remain in force for about three years until the residential units are fully sold.
Al Ramz also expects the transaction to contribute positively to its financial performance during 2026, 2027, 2028 and 2029. The company did not disclose additional details on the specific residential developments that will be included under the new investment fund.
The latest agreement builds on Al Ramz's strategy of using investment funds to finance residential developments in Saudi Arabia. Earlier this year, the company partnered with Oud Capital to establish another Shariah-compliant real estate investment fund for the Al Ramz Front residential project in Jeddah. That fund targeted an investment size of around SAR 650 million and was planned to develop nearly 900 housing units across a 47,800-square-metre site.
Al Ramz has also remained active in expanding its real estate investment portfolio through fund-based transactions and acquisitions. Recent regulatory filings show the company has entered multiple agreements involving real estate investment funds as it continues to diversify its development pipeline and strengthen long-term project financing.
Source Reuters
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