Al Ramz secures $130M Sharia-compliant loan from Al Rajhi Bank
What's the deal? Al Ramz Real EstateDealroom has a profile for this one. Try Dealroom → has secured SAR 500 million (roughly $130 million) in Sharia-compliant credit facilities from Al Rajhi Bank. The financing became effective on September 10, 2026, and splits into two tranches.
The structure: Facility (A) provides SAR 450 million over five years, while Facility (B) offers SAR 50 million for three months.
What's the endgame? Al Ramz plans to use the funds to acquire and develop real estate assets, support its expansion, and cover general working capital needs.
The fine print: To secure the credit, the company provided a real estate mortgage with a 150% coverage ratio. Additional guarantees include the assignment of sales proceeds from funded projects, escrow accounts for each project, and a promissory note worth SAR 531.18 million. The company also committed to Sharia-compliant Takaful insurance on the mortgaged assets.
The signal: The deal underscores the role of Islamic finance in funding Saudi Arabia's real estate expansion, with major lenders such as Al Rajhi Bank backing developers through structured, asset-secured facilities.
Read more: english.mubasher.info
Image credit: Al Jazeera English
