Alramz lands SAR 300M in Sharia-compliant debt from Alinma Bank
What's the deal? AlRamz Real Estate CompanyDealroom has a profile for this one. Try Dealroom → said it secured SAR 300 million ($80 million) in Sharia-compliant credit facilities from Alinma BankDealroom has a profile for this one. Try Dealroom →. In a statement to TadawulDealroom has a profile for this one. Try Dealroom →, the company said the agreement, dated July 22, 2026, took effect on August 4.
What's the structure? The financing splits into two facilities. The first is SAR 200 million over five years, backed by 150% real estate mortgages; the second is a SAR 100 million revolving facility running six months, secured by a 200% pledge of investment fund units and promissory notes worth SAR 330 million.
What's the endgame? Alramz said the money will fund land acquisitions and development costs, support working capital, and back expansion across its real estate projects. It also aims to strengthen the company's financing structure.
The company confirmed no related parties are involved in the deal.
The signal: The debt raise points to Alramz moving quickly to shore up capital for its development pipeline. Layered guarantees and a mix of long-term and revolving facilities suggest a lender structuring for both project spend and short-term liquidity.
Read more: Argaam
Image credit: skys the limit2
