Key Takeaways
- • Al Ramz Real Estate Company signed an agreement with Oud Capital on June 30, 2026, to establish a Shariah-compliant real estate investment fund targeting assets exceeding SAR 1 billion (approximately $267 million USD).
- • Oud Capital will serve as fund manager while Al Ramz retains full ownership of the fund, positioning the arrangement as a management partnership rather than a joint venture.
- • The fund will develop a portfolio of residential projects across Saudi Arabia, spanning a total land area of 70,516 square meters, with one integrated community comprising 900 housing units identified in the pipeline.
- • The initiative aligns with Al Ramz's stated strategy to expand its residential development portfolio, deliver institutional-quality housing projects, and achieve long-term sustainable growth in the Saudi real estate market.
Summary
Al Ramz Real Estate Company has formalized a strategic partnership with Oud Capital to launch a Shariah-compliant real estate investment fund with a target capitalization exceeding SAR 1 billion. The agreement, signed on June 30, 2026, represents a significant capital mobilization effort within Saudi Arabia's residential real estate sector and underscores growing institutional investor appetite for Islamically-structured property development vehicles.
Under the agreement structure, Oud Capital assumes the role of fund manager responsible for day-to-day operations and investment oversight, while Al Ramz Real Estate Company retains complete ownership of the fund itself. This arrangement allows Al Ramz to leverage Oud Capital's asset management expertise and institutional distribution capabilities while maintaining strategic control over fund assets and investment direction.
The fund's investment mandate focuses on developing a diversified portfolio of residential projects across Saudi Arabia. According to Tadawul filings, the fund will have access to land holdings totaling 70,516 square meters. Among identified projects is an integrated residential community comprising 900 housing units to be constructed across a consolidated landholding of 47,800 square meters, suggesting a phased development approach across multiple locations.
Al Ramz characterizes this initiative as a cornerstone of its corporate strategy to expand residential development capacity, enhance project quality and delivery timelines, and position itself for sustainable long-term growth. The Shariah-compliance structure appeals to institutional investors in the Gulf Cooperation Council region and broader Islamic finance markets, potentially broadening the fund's capital-raising reach beyond conventional real estate investors.
Under the agreement structure, Oud Capital assumes the role of fund manager responsible for day-to-day operations and investment oversight, while Al Ramz Real Estate Company retains complete ownership of the fund itself. This arrangement allows Al Ramz to leverage Oud Capital's asset management expertise and institutional distribution capabilities while maintaining strategic control over fund assets and investment direction.
The fund's investment mandate focuses on developing a diversified portfolio of residential projects across Saudi Arabia. According to Tadawul filings, the fund will have access to land holdings totaling 70,516 square meters. Among identified projects is an integrated residential community comprising 900 housing units to be constructed across a consolidated landholding of 47,800 square meters, suggesting a phased development approach across multiple locations.
Al Ramz characterizes this initiative as a cornerstone of its corporate strategy to expand residential development capacity, enhance project quality and delivery timelines, and position itself for sustainable long-term growth. The Shariah-compliance structure appeals to institutional investors in the Gulf Cooperation Council region and broader Islamic finance markets, potentially broadening the fund's capital-raising reach beyond conventional real estate investors.
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