Al Ramz, SNB Capital set up SAR 3.6B fund for Riyadh mixed-use project
What's the deal? Al Ramz Real Estate CompanyDealroom has a profile for this one. Try Dealroom → signed an agreement with SNB CapitalDealroom has a profile for this one. Try Dealroom →, the investment banking and asset management arm of the Saudi National BankDealroom has a profile for this one. Try Dealroom →, to establish a Sharia-compliant real estate investment fund targeting more than SAR 3.6 billion. Al Ramz holds 100% of the fund's units.
What's the endgame? The fund will finance a mixed-use residential and commercial project in Riyadh's Al Raed district, within the Al Jawhara masterplan. Spanning more than 90,000m², the development is expected to deliver 2,505 residential apartments plus commercial spaces.
The details: The development contract is valued at roughly SAR 1.2 billion. Al Ramz will receive a 10% development fee, estimated at SAR 120 million, and a 2.5% marketing fee on total sales.
The company signed the contract on July 30, 2026. The project runs about five years, until sales complete, with financial impact expected across 2026 to 2031.
Why here? The site sits near key Riyadh landmarks, including the King Abdullah Financial District and King Saud University.
The signal: This marks Al Ramz's second such fund in weeks — on June 30, 2026, it signed a deal with Oud CapitalDealroom has a profile for this one. Try Dealroom → to establish another Sharia-compliant real estate investment fund. The back-to-back agreements point to accelerating institutional capital behind Riyadh's residential and commercial expansion.
Read more: Mubasher
Image credit: MNmagic
