"Al-Ramz for Real Estate" Signs Credit Facility Agreements Worth $106.7 Million with "Bank Albilad"

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On October 5, 2026, Al-Ramz Real Estate Company signed Sharia-compliant credit facility agreements with Bank Albilad worth a total of approximately $106.7 million (400 million riyals).

The company stated in a statement on "Tadawul Saudi" today, Tuesday, that the financing period is (48 months) from the date of the first withdrawal, with the financing to be repaid in four annual installments, the first of which is due 12 months after the date of the first withdrawal.

It clarified that the guarantees provided against the financing consist of mortgaging units owned by the company in real estate investment funds.

Al-Ramz Real Estate indicated that the financing aims to support the company's operational requirements and finance its investments in real estate funds.