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Saudi’s Alramz Real Estate secures $133mln Shariah-compliant credit facilities

By Zawya04:54 (UTC), 14 September 2026 Updated

By Staff Writer

Alramz Real Estate has obtained Shariah-compliant credit facilities worth SAR 500 million ($133 million) from Al Rajhi Bank to finance real estate acquisitions and development as part of its expansion plans.

The financing package includes a SAR 450 million tranche with a tenor of five years, and a SAR 50 million tranche with a tenor of three months.

(Writing by Ahmad Mousa; editing by Seban Scaria)

Ahmad.mousa@lseg.com

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