Riyadh — Mubasher: Al Ramz Real Estate Company has obtained Sharia-compliant credit facilities totaling SAR 300 million from Alinma Bank.
The financing package is divided into two distinct tranches designed to support the company’s expansion plans and strengthen its financial structure.
The first facility is valued at SAR 200 million with a maturity period of five years. This tranche is secured by real estate mortgages representing 150% of the value.
The second facility provides SAR 100 million as a revolving credit line for a duration of six months, backed by a 200% pledge of units in investment funds.
Additionally, the company has provided promissory notes totaling SAR 330 million as part of the guarantee package.
Management stated the funds will be utilized to finance the acquisition of new lands and cover development costs for upcoming real estate projects, while also supporting general working capital requirements.
Although the initial agreement was dated 12 July 2026, the facilities officially became effective on 4 August 2026. The company confirmed there are no related parties involved in the transaction.
The listed company recently disclosed its financial results for the six-month period that ended on 30 June 2026, posting net profits valued at SAR 54.31 million.
