Al Ramz Real Estate has announced the signing of an agreement to establish a Shariah-compliant real estate investment fund under the name “Alahli Al Ramz Assayel Residential Fund”, in partnership with Assayel Al Arabia Real Estate Company, a subsidiary of Ali bin Zaid Al Qarishi & Brothers Company, and managed by SNB Capital. The fund aims to develop the “Ramz Al Raed 2” residential project in Al Raed District in Riyadh.
The project is located within Al Jawhara Masterplan in Al Raed District on a site exceeding 15,000 square meters. It is planned as an integrated residential community comprising approximately 290 residential units, with a target fund size of SAR 370 million.
This strategic step reflects Al Ramz’s commitment to developing integrated urban communities that combine high-quality design, operational efficiency, and long-term value sustainability, in line with its vision of creating communities that are defined by comfort and aligned with the Kingdom’s urban development objectives.
The agreement further supports Al Ramz’s strategy of developing high-quality residential projects in prime locations with strong market demand, while strengthening its presence in the urban development sector through strategic investment partnerships. These partnerships contribute to diversifying the company’s investment portfolio, supporting sustainable growth, and delivering housing solutions that elevate the residential experience for various segments of society.
