Al Ramz lands $107M Sharia-compliant facility from Bank Albilad

What's the deal? Al Ramz Real Estate CompanyDealroom has a profile for this one. Try Dealroom → has signed a Sharia-compliant credit facility worth 400 million Saudi riyals (about $107 million) with Bank AlbiladDealroom has a profile for this one. Try Dealroom →, according to a bourse filing. The agreement was finalised on October 5, 2026.

What's the endgame? The financing will support the company's operational needs and its strategic investments in real estate funds.

The terms: The facility runs for four years, or 48 months, from the date of the first drawdown. It will be repaid in four annual instalments, with the first due 12 months after the initial withdrawal.

To secure the deal, Al Ramz pledged a mortgage on company-owned units within real estate investment funds. It confirmed no related parties are involved.

The signal: The structure reflects the growing use of Sharia-compliant debt to fund real estate activity in Saudi Arabia, channelling bank credit into property investment funds rather than direct development.

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