Oud Capital
Saudi fund manager, reported to be based in Dammam, that manages Shariah-compliant real estate funds for Al Ramz Real Estate, which owns 25 percent of it.
Industry: Real estate fund management | Location: Dammam, Saudi Arabia | Founded: 2009
About Oud Capital
Oud Capital is a Saudi Arabian fund manager. TechScoop describes it as Dammam-based, and its public record so far consists of real estate funds it manages for Al Ramz Real Estate, a Riyadh developer listed on Tadawul. The company has no website that could be opened, and no licence, founding date or management team has been published in the sources found.
Al Ramz Real Estate holds 25 percent of Oud Capital. In its Tadawul disclosure, reported by Mubasher, Al Ramz classed Oud Capital as a related party and said Abdulmalik Rashid Al Rashid sits on the boards of both companies and represents Al Ramz's interest in the fund manager.
The first fund was reported by Gulf Daily News in April 2026. Oud Capital is to manage a Shariah-compliant real estate investment fund with a target size of SAR 650 million, or about USD 173 million, to develop the Al Ramz Front residential project in the Al Firdous district of Jeddah. The site covers 47,794 square meters and is to hold 900 homes under a development contract of about SAR 269 million. Al Ramz is developer and exclusive marketer, earning a 10 percent development fee and a 2.5 percent marketing fee on sales, and it contributes land worth about SAR 81.6 million in kind.
On 30 June 2026 Al Ramz announced a second agreement with Oud Capital as manager of a Shariah-compliant fund with a target above SAR 1 billion, to be wholly owned by Al Ramz. It would finance residential projects on 70,516 square meters with more than 800 homes under a development contract of about SAR 391 million, and the work is expected to last about three years until all units are sold.
Leadership
- Abdulmalik Rashid Al Rashid, Board member (representing Al Ramz Real Estate)