Al Ramz Real Estate To Establish Real Estate Investment Fund To Be Managed By Oud Capital

About this update from Alramz Real Estate Co.

AL RAMZ REAL ESTATE COMPANY SJSC TADAWUL:4327:ANNOUNCES CONTRACT SIGN OFF WITH OUD CAPITALAL RAMZ REAL ESTATE - CONTRACT TO ESTABLISH A SHARIAH-COMPLIANT REAL ESTATE INVESTMENT FUND, TO BE MANAGED BY OUD CAPITALAL RAMZ REAL ESTATE - FUND FOR DEVELOPMENT OF RESIDENTIAL PROJECTS CURRENTLY OWNED BY COMPANYAL RAMZ REAL ESTATE - TARGET FUND SIZE EXCEEDS SAR 1 BILLIONAL RAMZ REAL ESTATE - FUND WILL BE 100% OWNED BY AL RAMZ REAL ESTATEAL RAMZ REAL ESTATE - DEVELOPMENT CONTRACT VALUE: APPROXIMATELY SAR 391 MILLIONAL RAMZ REAL ESTATE - DEVELOPMENT FEE (10%): APPROXIMATELY SAR 39 MILLIONAL RAMZ REAL ESTATE - CONTRACT DURATION APPROX THREE YEARS UNTIL FULL SALES COMPLETIONAL RAMZ REAL ESTATE - DEAL IS EXPECTED TO CONTRIBUTE POSITIVELY TO FINANCIAL PERFORMANCE DURING 2026 – 2027 – 2028 – 2029

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