It gives us a great pleasure to announce our intention to float the shares of Al
Ramz Real Estate Company in the Parallel Market “Nomu”,
an ambitious stride that will enhance the Company footprint and its financial strength,
in line with its strategy to grow and maximize its achievements. The IPO will provide Al
Ramz with the financial flexibility to pursue growth opportunities available to it.
Since its inception in 2016, “Al Ramz” has grown tremendously and is now one of the
leading developers in the market. Al Ramz’s strategy aims at delivering modern
high-quality housing units, construction efficiency, leveraging technology to improve
the customer’s experience while maintaining an efficient capital structure, and increase
returns for shareholders.
The Kingdom is witnessing significant demand for housing due to rising employment,
personal income levels, population growth and Vision 2030 initiatives that aims to
facilitate and increase home ownership. Moreover, as of 2020, the population composition
in the Kingdom indicates that 69% of the population is below the age of 40 which is
usually the demographic seeking to own properties. With these attractive fundamentals of
the real estate market, Al Ramz is uniquely positioned with its strong business model
focused on customer satisfaction, in-house project development capability and
construction management skills, while maintaining a strong corporate governance
framework.
Rasheed Abdulrahman Nasser Al Rasheed
Al Ramz Real Estate achieved rapid growth and has become one of the leading real
estate developers in the Kingdom.
Al Ramz has focused on developing high quality projects leading to strong demand from
customers. Demand for the Company’s projects will continue, driven by the strong
economic fundamentals, favorable demographics, improving standards of living, and
regulatory developments that are supportive of the real estate sector.
The Company in creating its own footprint in the Saudi real estate market relies on the
service it renders to customers before and after sale, and the value of quality which we
consider as our strength. Al Ramz is reputable in the Saudi real estate market and among
the elite communities that seek high quality housing in accordance with the highest
global standards, as we represent an ideal choice for them to own their housing units.
In concurrence with the value of quality, the Company also relies on the value of
urbanization through innovation, modernization, and use of technical solutions in the
customer’s experience. We aim at providing a housing experience wherein our customers
look for tranquility, joy, luxury and pleasure, while observing the local identity at
the same time.
Engineer Harun Rasheed Abdulrahman Al Rasheed
