Month: July 2015

“Saudi Exports participates in international exhibitions to introduce the products of national companies

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Saudi exports

Reading time: 2 MinutesThe trade shows in which the Saudi Export Development Authority (“Saudi Exports”) participates have played a significant role in promoting the products of Saudi companies, as it has successfully showcased products from more than 216 Saudi companies under the Kingdom of Saudi Arabia’s pavilion at nine international exhibitions across various sectors, including food, petrochemicals, plastics, and electricity, affirming their ability to compete in international markets. Stimulating and promoting … Read more

“Saudi Real Estate buys land in Riyadh worth SAR 1.8 billion

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Saudi Real Estate Company

Reading time: < 1 MinuteThe Saudi Real Estate Company announced that it has signed an agreement with Al-Inmaa Investment Company to purchase a raw plot of land north of Riyadh with an area of approximately 4.5 million square meters at a price of 400 riyals per square meter, for a total cost of of approximately 1.8 billion riyals, to be used for real estate projects. Financing will be provided through the establishment of a real estate fund licensed by the Capital Market Authority and managed by Al-Inmaa Investment Company after obtaining … Read more

The “Dar al-Sunnah” Project in Medina is shaping a new architectural landscape to preserve the urban and cultural fabric

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Reading time: < 1 Minute  The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, has charted a new course for Medina by approving the Darb al-Sunnah project during his historic visit to the city last week.  The project marks a new phase of unique architectural initiatives stretching 3 kilometers from the Prophet’s Mosque to the Quba Mosque area, beginning south of the Prophet’s Mosque and extending to the area… Read more

Saudi Telecom Reports 2 Billion Riyals in Profits for the First Half of 2015

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Reading time: < 1 MinuteAt its meeting last Thursday evening, the Board of Directors of Saudi Telecom Company decided to distribute cash dividends to the company’s shareholders for the second quarter of 2015 amounting to two billion riyals, at a rate of one riyal per share, representing 101% of the par value of the share. The company clarified in an announcement published yesterday on the “Tadawul” financial market website that the dividend entitlement will apply to the company’s shareholders registered with “Tadawul” … Read more

For the first half of this year, Riyad Bank distributes 1.05 billion riyals in dividends to shareholders

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Reading time: < 1 Minute  Riyad Bank plans to distribute 1,050 million riyals to its shareholders as dividends for the first half of 2015, at a rate of 35 halalas per share, representing 3.51% of the capital, This comes as an extension and continuation of the generous dividend distributions the bank has made in previous years. Shareholders registered in the bank’s shareholder registry as of the close of trading on … will be eligible for the dividend distribution. Read more

Hotel room rates in Makkah are at an all-time high. 100% occupancy rate

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Reading time: < 1 Minute  Average hotel room rates in Mecca reached approximately 8,000 riyals, while prices for hotels overlooking the courtyards of the Grand Mosque ranged from 10,000 riyals per night to 20,000 riyals on Fridays and Saturdays, with room rates reaching 40,000 riyals during the last ten days of Ramadan. Reports from the Holy Land indicate that there is a sharp increase in … Read more

“Al-Waleed for Humanity” Makes a Splash in “Charitable Housing” and Begins Construction of 10,000 Homes

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Reading time: 1 Minute  His Royal Highness Prince Alwaleed bin Talal bin Abdulaziz Al Saud, Chairman of the Board of Trustees of the Alwaleed Humanitarian Foundation, has reaffirmed his commitment to his initiative to provide 10,000 homes as part of the Foundation’s Developmental Housing Project, as well as providing 10,000 cars, benefiting a total of 100,000 Saudi citizens over the course of 10 years. This came as a result of studies … Read more

211 plots of land for youth projects Sharqiya Municipality delivers 23 million square meters

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Reading time: < 1 MinuteThe Eastern Province Secretariat has handed over 23 million square meters to the Ministry of Housing over the past five years. His Excellency Fahd bin Mohammed Al-Jubeir, Secretary of the Eastern Province, revealed during his participation in the board meeting of “Aqal,” which was held recently at Al-Ghoroub Beach in Al-Khobar Governorate, in the presence of a number of the Secretariat’s undersecretaries and heads of municipalities and departments, that the Secretariat has allocated 211 plots of land in Plan (832) to young people … Read more

Ministry of Justice cancels a 35 million square meter deed in Al Kharj

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Ministry of Justice

Reading time: < 1 MinuteThe Ministry of Justice has revoked a deed issued for 35 million square meters of government-owned land in Al-Kharj Governorate due to irregularities in its issuance, following the Supreme Court’s decision to overturn the deed. This comes in accordance with the directives of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, to return all land that was unlawfully applied to a public facility and to strictly prohibit the application of deeds to any of … Read more

“Hamat Real Estate announces the start of its management of Jeddah's Flamingo Mall

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Reading time: < 1 MinuteHamat Real Estate has announced the start of development work on the Flamingo Mall in Jeddah, located on Prince Majid Road (Al-Sab’een Street) south of Tahlia Street in a densely populated area, adding a new commercial center to its network of centers across the Kingdom. This initiative is part of Hamat Real Estate’s expansion and development plans to meet customer needs and provide everything they need … Read more

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