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Alramz Real Estate Lands SAR500 Million of Credit Facilities

MT Newswires·09/13/2026 02:47:12
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02:47 AM EDT, 09/13/2026 (MT Newswires) -- Alramz Real Estate (SASE:4327) secured Sharia-compliant credit facilities worth 500 million Saudi riyals from Al Rajhi Bank, according to a Sunday release. Facility A offers 450 million riyals for five years, while Facility B provides 50 million riyals for three months. The property group will use the funds to acquire and develop real estate and for general working capital purposes.