<The Capital Market Authority (CMA) announced its approval to list the shares of Al Nayfat Finance Company, a leading provider of non-bank financing solutions, on the Saudi Stock Exchange (Tadawul). The company announced its intention to offer its shares for public subscription on the main market, where the company's capital will be increased by offering 36.5 million shares, representing 30% of its capital, the company is engaged in providing non-bank financing solutions, and the net proceeds of the offering will be used by the company mainly to expand the company's real estate financing portfolio and add credit cards to its financing products.
The Capital Market Authority (CMA) has announced its intention to go public in the main market, where the company's capital will be increased through the issuance of 36 million shares.
<The Capital Market Authority (CMA) announced the issuance of the CMA Board's decision dated March 31, 2019 approving the company's application for the offering, and the net proceeds of the offering will be used by the company mainly to expand its financing portfolio and add credit cards to its financing products.
<It is worth mentioning that Al Nayfat Finance Company was established in 2002 as a non-bank financing entity that provides Sharia-compliant financing solutions for individuals and small and medium-sized businesses, in accordance with the regulations, rules and instructions issued by Saudi Arabian Monetary Agency
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Selected real estate news links from News Issue 174:
التمويل العقاري – عقارات سكنية – عقارات – التمويل العقاري – عقارات سكنية
During the month of May. The Real Estate Fund deposits 863.5 million riyals in the accounts of subsidized loan beneficiaries
Housing program delivers 1576 free land plots to beneficiaries in various regions of the Kingdom (edit)">Housing program delivers 1576 free land plots to beneficiaries in various regions of the Kingdom
cleared the ambiguity on which the judicial rulings were based.
Cabinet decides to apply the regulation of housing subsidies to all applications submitted to the Real Estate Fund
Cabinet decides to apply the regulation of housing subsidies to all applications submitted to the Real Estate Fund
Registered more than 7000 establishments.
HRDF's appreciable efforts for SME entrepreneurship
More than 4 billion riyals deposited in the accounts of “subsidized mortgage” beneficiaries”"(edit)“>More than 4 billion riyals deposited in the accounts of ”subsidized mortgage" beneficiaries
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السوق العقارية تسجل تراجعاً في إجمالي قيمة صفقاتها بنسبة 14%
Real Estate Authority Introduces Draft Property Registration System to Enhance Preservation of Property Rights and Minimize Disputes (Edited)">Real Estate Authority Introduces Draft Property Registration System to Enhance Preservation of Property Rights and Minimize Disputes
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The volume of residential mortgage financing provided to individuals by banks increased by 143% (edit)”>The volume of residential mortgage financing provided to individuals by banks increased by 143%
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UK house prices rise in May“(edit)”>UK house prices rise in May
UK house prices rise in May
Jude Housing platform reveals support for more than 219 beneficiaries in the 'Rent Support' track (edit)">Jude Housing platform reveals support for more than 219 beneficiaries in the 'Rent Support' track
Jude Housing platform reveals support for more than 219 beneficiaries in the 'Rent Support' track
Real Estate Finance
