The Board of Directors of Laden Investment Company held its periodic meeting, chaired by the Board of Directors of Laden Investment Company, Abdullah bin Saad Al-Arifi, to discuss the progress of work on the company’s projects and to evaluate performance in the previous period. The meeting, which was held at the Laden Investment Company’s General Administration Building in Riyadh, was attended by Managing Director Engineer Nasser bin Saad Al-Arifi, CEO Suleiman bin Abdulaziz Al-Batli, and Board members Saud bin Saad Al-Arifi, Omar bin Saad Al-Arifi, and Ahmed bin Saad Al-Arifi (Real Estate Development).
The CEO of Laden Investment Company, Suleiman bin Abdulaziz Al-Batli, reviewed the recommendations of the previous Board of Directors meeting. Al-Batli then presented a visual presentation on the company’s operational performance. The meeting also included a visual presentation on the latest developments in the company, a review of the initiatives and projects currently being worked on, and a discussion of updates to the company’s structure and its affiliated programs.
At the end of the meeting, the Chairman of the Board thanked the members of the Board for their efforts and stressed the need for the company’s management and all employees to continue these efforts to achieve the goals that have been set.
It is worth mentioning that Laden Investment Company is currently implementing a number of vital projects, including the "Finan Residential" project located in the north of Jeddah, which has an area of 171,250 square meters and provides 1,407 residential apartments. It is also implementing in Makkah the "Jewel of Al-Rusaifah" residential project, one of the Sakani program projects, which provides 1,035 residential units distributed over 33 towers, with each tower having 8 floors, meeting the conditions for off-plan sales.
Links to selected real estate news articles from issue 175 :
Property inspection – Real estate development – Real estate – Property inspection – Real estate development
Riyadh Chamber of Commerce hosted an introductory meeting on the “Ejar” program, explaining the benefits and advantages of the unified lease agreement for the commercial real estate sector.
The "Real Estate Unit Sorting“ program completes the sorting of more than 24,000 real estate units in the first half of 2019
The system, consisting of 33 articles, was approved by the Shura Council as part of the draft law on real estate unit ownership and subdivision.
The Sakani program announces more than 13,000 beneficiaries of housing and financing options.
The Ministry of Finance launches 4 electronic services through the "Etimad" digital platform to facilitate financial procedures and transactions.
The White Land Program has obtained more than 1,200 payment orders for total areas exceeding 411 million square meters.
The Government Services Observatory has outlined four steps for identifying and publishing services, providing a roadmap for digitizing transactions.
For the fourth consecutive month, Integrated Telecom Company (ITC) tops the speed index for May 2019.
The Saudi Arabian Monetary Authority (SAMA) launches the national electronic platform for business invoices, “Esal Platform”.
The Developers Services Center "Etmam" intensifies its preparations for implementing the electronic link for issuing building permits and meets with a number of municipalities.
Real estate development
The “Sakani” program invites beneficiaries whose income exceeds 14,000 riyals to visit the "Support Calculator" electronically.
The strength of the Saudi financial system was confirmed as the Kingdom secured its permanent seat in the Financial Action Task Force (FATF).
Valued at approximately $230.786 billion, foreign direct investment has grown thanks to economic diversification in Saudi Arabia.
Abdul Latif Jameel Land Company begins construction of 158 residential apartments in the "Dari Q" residential complex
During the auction held by Itqan Real Estate Company, Nomo Assets Investment Company purchased Riyadh Gallery Center for 976.5 million riyals.
The Saudi Stock Exchange (Tadawul) approves the listing of shares of Al-Nayifat Finance Company for public subscription.
Penalties include fines. The committee reviewing the accredited appraisers system has identified 50 violations, and those found in violation will be removed from the register.
The Real Estate Development Fund adopts an amendment to the mechanism for supporting beneficiaries of real estate loans, aiming to increase the monthly support percentage.
Real estate development
