Month: June 2015

Minister of Commerce inaugurates OPEX 5102 in Jeddah

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Reading time: < 1 MinuteHis Excellency Dr. Tawfiq Al-Rabiah, Minister of Commerce and Industry, recently opened the fourth Omani Products Exhibition, «Opex 2015,» praising Omani products for their high quality and good reputation, He emphasized the need to strengthen intra-GCC trade to achieve an effective partnership among the private sectors in the region’s countries to address the challenges facing local products. The exhibition saw a large turnout … Read more

Establishment of a Landlords' Association under the supervision of the Ministry of Housing

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Reading time: < 1 MinuteSeveral government agencies, in coordination with the private sector, are making the necessary preparations to establish a Landlords’ Union Authority that will operate under the direct supervision of the Ministry of Housing. The authority will be named either the Landlords’ Union Authority or the Building Maintenance Authority, or as agreed upon during the meeting scheduled to be held after the upcoming month of Ramadan in Jeddah, provided that this is in exchange for the cancellation of … Read more

The Ministry of Commerce is showcasing 17,000 real estate units in its off-plan sales program

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Reading time: < 1 MinuteThe Ministry of Commerce and Industry, represented by the Off-Plan Sales Program, participated in the recently held Abha Real Estate and Financing Solutions Exhibition, to visitors at its booth the projects overseen by the Ministry, which exceeded 17,000 real estate units across various regions of the Kingdom, with an estimated value of approximately 20 billion riyals, and explained to them the procedures required for off-plan sales licenses for raw land and permits … Read more

With the participation of developers and real estate companies. Al Ahli Bank organizes “Dar Al Ahli Real Estate Exhibition 2015”

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Reading time: < 1 MinuteOver the past two days, Al-Ahli Bank organized the “Dar Al-Ahli Real Estate Exhibition 2015”;  at the Raffles Kempinski Hotel in Riyadh, with the participation of many major companies and real estate developers. The exhibition saw a large turnout of citizens eager to learn about the bank’s home ownership programs, and to take advantage of the additional loan offered by the Real Estate Fund in partnership with financial institutions. Al-Ahli Bank’s organization of the ”Al-Ahli Real Estate Exhibition” in Riyadh… Read more

Exempting deceased borrowers for the 22nd, 23rd and 24th payments

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Real Estate Development Fund

Reading time: < 1 MinuteThe Fund’s Director General, Engineer Youssef bin Abdullah Al-Zaghibi, confirmed the approval of debt forgiveness for the 22nd, 23rd, and 24th batches of deceased borrowers after their families submitted their applications through the online portal and completed the required information. The Fund has finalized the procedures forfull repayment of their loans and the issuance of letters of release from the mortgage on their properties. This involved 1,076 citizens across the Kingdom’s cities and provinces, with a total value exceeding two hundred and seventy-four … Read more

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