Month: June 2013

«DAMAC Properties unveils the first phase of its luxury villas in Dubai

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Reading time: < 1 MinuteRiyadh - Dubai DAMAC Properties, the Middle East's largest private developer of high-end real estate, has launched the first phase of sales of luxury villas at AKOYA by DAMAC, a 28 million square foot development along Umm Suqeim Road in Dubai. Akoya by DAMAC, Asia's most luxurious residential golf community, features luxury homes from ... Read more

Dubai set to launch the world's second Versace-branded hotel at a cost of AED 2.5 billion

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Reading time: < 1 MinuteDubai-Agencies Preparations are underway in Dubai for the launch of the world's second Versace hotel in the Culture Village area on Dubai Creek. The Palazzo Versace Hotel and Resort in Dubai has reached more than 92% in preparation for its opening early next year, after the completion of its facilities and services, making it the first hotel in the region for the Versace brand, with a capacity of up to ... Read more

«Rafal among the top Arab real estate developers of 2013

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Reading time: < 1 MinuteRiyadh - Riyadh In continuation of its excellence in the field of real estate development, Rafal was selected as the most important real estate development company and among the 100 most influential companies in the Arab world for the year 2013, according to the poll and classification prepared by Forbes Middle East magazine to identify the 100 most influential companies and trusted by the consumer public in several fields in its issue issued on ... Read more

”SIMAH : We don't interfere in making any decision related to loan operations

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Reading time: 2 MinutesRiyadh-Amalak The CEO of the Saudi Credit Information Company (SIMAH), Nabil Al-Mubarak, confirmed to Al-Madina that there is confusion in the Saudi media and among many citizens in the concept of some procedures related to SIMAH, especially with regard to the company's lists of citizens. Al Mubarak confirmed in a press statement that his company does not have lists of the names of defaulting citizens or others, but there are reports that are ... Read more

Eco-friendly paints from Sigma Paints”

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Reading time: < 1 MinuteRiyadh-Amlak Sigma Paints' products have been characterized by maintaining the highest international quality standards and preserving the environment throughout its wide variety of products, thus providing healthy paints that are completely free of lead and any volatile organic compounds (VOCs) since its inception 32 years ago. Sigma is committed to creating and delivering the highest quality and safest products, utilizing the latest research and... Read more

Taiba decides to distribute its profits to shareholders for the second quarter

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Reading time: < 1 MinuteRiyadh-Amalak The Board of Directors of Taiba Holding Company issued a recommendation to distribute cash dividends to the company's shareholders for the second quarter 2013 amounting to SAR 45 million, with a dividend per share of SAR 0.30, where the distribution ratio is equivalent to the nominal value of the share 3%, and the eligibility of the dividends for the shareholders registered with the Securities Depository Center (Tadawul) by the end of trading on 30/06/2013. As for the distribution date ... Read more

Announcing the adoption of auction procedures

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Reading time: < 1 MinuteJeddah - Amlak The legal accountant Saleh Al-Naim confirmed that the secretariat of the Al-Ajhouri bankruptcy, under the auspices of Dr. Abdullah bin Omar Nassif, presented the reports of the Jeddah and Medina auctions to the First Commercial Chamber of the Administrative Court in Jeddah, headed by Judge Mohammed bin Musa Al-Faifi, and the membership of Judge Rami Al-Hazimi, and Judge Musaed bin Abdulrahman Sahli, the Chamber discussed and reviewed all procedures, which ... Read more

Riyad Bank opens new branch in Tabuk

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Reading time: < 1 MinuteBased on the implementation of its expansion strategy and its distinctive banking services, Riyad Bank inaugurated the expansion of Al-Mahajan Ladies Branch in Tabuk, in the presence of representatives of Riyad Bank Abeer Al-Sheikh, Director of Ladies Banking, Abeer Al-Mayouf, Central Region Manager, and Mashael Al-Awda, Director of the Ladies Section at Al-Mahajan Branch in Tabuk, along with a group of business women, academics and senior officials in governmental bodies. And that ... Read more

«Alhokair to pay EGP 1 billion to settle dispute in Egypt

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Reading time: < 1 MinuteCairo-Agencies Egyptian Investment Minister Yehia Hamed revealed that his ministry has agreed to reconcile about 10 billion pounds ($1.42 billion) with Arab investors over the past 40 days, including Damac and Al-Futtaim in the UAE and Saudi Arabia's Al-Hokair. The minister said at a press conference yesterday: “We agreed with Saudi Alhokair to settle the dispute with them in exchange for paying EGP 1 bn ... Read more

Al Rajhi Bank is the best organization in the Middle East for anti-fraud management

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Reading time: < 1 MinuteAl Rajhi Bank has achieved the LEADER Award as the «Best Organization in the Middle East and North Africa» in fraud management for the year 2013. The award, which recognizes banks« contributions to effective fraud and risk management, is presented by Visa International. Al Rajhi Bank is the first bank in the Kingdom to win this award, and the bank was awarded this award in ... Read more

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