Alramz partners with Roshn to buy, develop 240 residential units in Riyadh

15/02/2026 Argaam
Logo of Alramz Real Estate Co.

Logo of Alramz Real Estate Co.

Alramz Real Estate Co. signed today, Feb. 15, an agreement to purchase and develop two residential plots with Roshn Group, a PIF-owned company, the seller, to build 240 residential units on 14,128 square meter (sqm) within the Sidra community in Riyadh.

 

The contract is valued at SAR 91 million with a 36-month duration from land handover, covering design and construction as per approved plans and specifications, Alramz said in a statement on Tadawul.

 

The deal is expected to boost financial performance during 2026–2028, the company added, noting that there are no related parties the deal.

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