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Alramz Real Estate signed a SAR 91 million agreement with ROSHN Group to purchase and develop two residential plots in Riyadh’s Sedra community.
The project covers 14,128 square meters and is expected to result in the development of approximately 240 residential units.
The contract has a duration of 36 months starting from the land handover date and includes design and construction responsibilities.
Financial performance is expected to be positively impacted during the years 2026, 2027, and 2028.

Element List	Explanation
Introduction	Alramz Real Estate announces the signing of an agreement with ROSHN Group to purchase and develop two residential land plots, for the purpose of developing residential units over a total area of (14,128) sqm, with an expected (240) units
Date of Announcement of the Award	2026-02-15 Corresponding to 1447-08-27
Contract Subject Matter	An agreement for the purchase and development of two residential plots for the purpose of developing residential units.
The Entity with Which the Contract was Signed	ROSHN Group, a company owned by the Public Investment Fund “PIF” (Seller). Alramz Real Estate (Buyer and Developer).
Date of Signing the Contract	2026-02-15 Corresponding to 1447-08-27
Contract Value	SAR 91 million.
Contract Details	The agreement includes the purchase of two residential plots, conditional upon the development by implementing design works, construction works, and developing residential units over an area of (14,128) sqm, with an expected (240) units, in accordance of the approved plans and specifications of Sedra community’s rules, affiliated by ROSHN Group.
Contract Duration	(36) months commencing from the date of land handover.
Financial Impact and the Relevant Period	This transaction is expected to contribute positively to the Company’s financial performance during the years 2026 - 2027 – 2028.
Related Parties	None
Additional Information	None

Alramz Real Estate Announces the Signing of an Agreement with ROSHN Group – a Company Owned by the Public Investment Fund (“PIF”) – to Purchase and Develop Residential Units over an Area of (14,128) sqm in Riyadh