Riyad Capital has announced the launching of a 350 million Saudi Riyals “Al-Ramz real estate development fund” in cooperation with Al-Ramz real estate company to develop housing projects in Riyadh and eastern regions. This launch will be the pilot phase of mutual cooperation between Riyad Capital and Al-Ramz real estate company to develop housing and commercial projects in a total value of 1 billion Saudi Riyals in the upcoming 3 years. Accordingly, “Al-Ramz real estate development fund” - which had a big reception in its IPO – is considered a closed real estate investment fund with a duration of 3 years and a dual possibility of 1 extra year extension. The fund has acquired several real estate assets in vital locations in order to develop it through building modern styled housing units which provides a comfortable and safe environment and a sustainable high-quality standard. The launching of the fund between Riyad Capital and Al-Ramz real estate company comes to fulfill the increasing demand in real estate sector in its housing and commercial parts to provide an innovative housing products aligned with Vision2030 objectives and housing sector program. It is worth to mention that Riyad Capital is a Saudi company, licensed by the Saudi Capital Market Authority, and it’s considered as one of the innovative and pioneering companies in assets management and alternative investments.