Alramz secures SAR 288M Shariah-compliant facilities from SAB

08:28 AM (Mecca time) Argaam
Logo ofAlramz Real Estate Co.

Logo of Alramz Real Estate Co.

Alramz Real Estate Co. secured on Jan. 28 Shariah-compliant credit facilities worth SAR 288 million from Saudi Awwal Bank (SAB) to finance real estate investments and expansion plans.

 

The facilities have a tenor of two years, the company said in a statement to Tadawul.

 

A promissory note was provided as a guarantee for the full amount of facilities, Alramz added, noting that no related parties are involved.

 

The company said the agreement is dated Dec. 23, 2025, but came into effect on Jan. 28, 2026.

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