Alramz Real Estate Signs Deal to Set Up New Real Estate Investment Fund

10:17 AM EST, 12/29/2025 (MT Newswires) -- Alramz Real Estate (SASE:4327) signed an agreement with AlAhli Capital and Awj Real Estate to establish a Shariah-compliant real estate investment fund with a target size of 2.5 billion Saudi riyals. The fund is for the development of the Rabwa Alramz residential project in Riyadh, Saudi Arabia, with a contract value of 1.1 billion riyals, according to a Monday release. The real estate developer will invest 105 million riyals in the fund and serve as the project's developer and exclusive marketer. AlAhli Capital will serve as the fund manager, while Awj Real Estate will become the project's land owner.