Al Ramz Real Estate has signed an agreement to establish a real estate investment fund, to be managed by SNB Capital as the fund manager, with the aim of developing a residential project in Al Raed district in Riyadh, with a total investment value of SAR 650 million.

The project is expected to comprise approximately 500 residential units on a total land area of 26,590 square meters. This development aligns with Al Ramz’s vision to create integrated residential communities that enhance quality of life and offer modern housing solutions for stability and ownership in strategically located areas with high demand and limited supply. The project is also expected to strengthen the company’s investment portfolio and support its sustainable growth.