Fundz

Al Ramz Real Estate acquires full control of Qurtuba project

PRIVATEMay 21, 2026

Acquiring Company

Al Ramz Real Estate Company

Acquired Company

Al Ahli Aleen Enbar Real Estate Fund

RiyadhRiyadhReal EstateReal Estate InvestmentCommercial Real EstateReal EstateReal Estate Investment

Description

Al Ramz Real Estate Company has signed agreements to acquire the remaining units in the Al Ahli Aleen Enbar Real Estate Fund for SAR 133 million. This acquisition will raise Al Ramz's ownership from 23% to 100%, giving it full control of the Qurtuba 2 development in Riyadh. The project includes residential, commercial, and hospitality units, targeting high demand areas. The completion is subject to regulatory procedures and is expected to enhance Al Ramz's investment strategy.

Quick answer

Al Ramz Real Estate Company is acquiring Al Ahli Aleen Enbar Real Estate Fund, announced May 21, 2026. Al Ramz Real Estate Company is based in Riyadh, Riyadh Region, Saudi Arabia.

How much did Al Ramz Real Estate Company pay for Al Ahli Aleen Enbar Real Estate Fund?
The deal value was not disclosed.
What does Al Ramz Real Estate Company do?
Al Ramz Real Estate Company is a Saudi-listed company focused on real estate investments and developments.
Where are Al Ramz Real Estate Company and Al Ahli Aleen Enbar Real Estate Fund based?
Al Ramz Real Estate Company is based in Riyadh, Riyadh Region, Saudi Arabia. Al Ahli Aleen Enbar Real Estate Fund is based in Riyadh, Riyadh Region, Saudi Arabia.
Who are the decision-makers at Al Ramz Real Estate Company?
Fundz holds 2 contacts at Al Ramz Real Estate Company. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Al Ramz Real Estate Company

Location

Riyadh, Riyadh Region, Saudi Arabia

About

Al Ramz Real Estate Company is a Saudi-listed company focused on real estate investments and developments. The company aims to strengthen its portfolio by acquiring strategic properties in prime locations. It is committed to maximizing investment potential through controlled ownership. Al Ramz engages in both residential and commercial real estate markets.

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Related People

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Sultan
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Frequently asked

Who acquired Al Ahli Aleen Enbar Real Estate Fund?

Al Ahli Aleen Enbar Real Estate Fund was acquired by Al Ramz Real Estate Company, based in Riyadh. The deal was reported on May 21, 2026. Al Ramz Real Estate Company is a Saudi-listed company focused on real estate investments and developments. The company aims to strengthen its portfolio by acquiring strategic properties in prime locations. Al Ramz Real Estate Company is privately held and operates in Real Estate.

When did Al Ramz Real Estate Company acquire Al Ahli Aleen Enbar Real Estate Fund?

Al Ramz Real Estate Company's acquisition of Al Ahli Aleen Enbar Real Estate Fund was reported on May 21, 2026. Al Ramz Real Estate Company has signed agreements to acquire the remaining units in the Al Ahli Aleen Enbar Real Estate Fund for SAR 133 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Al Ahli Aleen Enbar Real Estate Fund do?

The Al Ahli Aleen Enbar Real Estate Fund is a private investment fund that engages in the development of mixed-use real estate projects. The fund holds various strategic properties in Riyadh, aimed at capitalizing on the region's growth potential. It is privately held, operating in Real Estate, and is based in Riyadh.

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