Month: September 2015

Exclusion of “housing” allocations from government spending cuts will create a real estate boom and revive the local market

by

Reading time: 2 MinutesSpecialists in Saudi economic affairs confirmed that the housing sector will not be affected by the reduction of government spending next year in the context that Finance Minister Dr. Ibrahim Al-Assaf, who confirmed that the reduction of government spending next year will include only those things that are not necessary or can be postponed, which led analysts and economic followers to exclude the housing sector from being affected by this ... Read more

“Al Othaim Real Estate Development celebrates the success of its first local Sukuk offering worth one billion riyals

by

Reading time: < 1 MinuteOn the occasion of the success and coverage of the first private placement of local Sukuk denominated in Saudi Riyals with a total nominal value of one billion riyals due in August 2020, Abdullah Al Othaim Real Estate Investment and Development Company celebrated this success with its partners at the Four Seasons Hotel in Riyadh. For his part, Fahad bin Abdullah Al Othaim, Vice Chairman of the company's Board of Directors, expressed his happiness with the success and coverage of these sukuk and the same ... Read more

Riyadh Development Authority denies intention to cut spending on metro project

by

Reading time: 2 MinutesThe Supreme Authority for the Development of Riyadh City denied that it has any intention or direction to reduce spending on the “Metro” project, by confirming that work is proceeding in the public transportation project (train and buses) as planned and work is continuing in 140 sites, with a completion rate of more than 21%. This came in the wake of what was reported in a report published by “Med” yesterday ... Read more

Riyad Bank continues to provide banking services during the Eid vacation in different regions

by

Reading time: < 1 Minute  Riyad Bank announced the continuity of work in providing banking services to its customers and meeting their needs, and taking all the necessary preparations to continue working in a number of its branches operating in various regions of the Kingdom, during the days of Eid Al-Adha, which will start from next Tuesday 09/12/1436H and continue until the end of Sunday 14/12/1436H, according to the Umm Al-Qura calendar. Deputy ... Read more

Al Ahli Bank offers services across 30 branches during the Eid Al Adha holiday

by
Mortgage loan

Reading time: < 1 MinuteThe National Bank confirmed its readiness to continue working during the Eid Al-Adha holiday through 30 branches covering various regions and cities of the Kingdom, including the bank's branches at airports, in addition to extending the working hours of 4 branches in both Mecca and Medina and opening 6 seasonal offices at ports of entry to serve land and sea pilgrims during the Hajj season. For his part, Mr. ... Read more

“Trade” announces Muharram 19 as the deadline for filing financial statements in the “lists” program”

by

Reading time: < 1 MinuteThe Ministry of Commerce has set the date of 19/1/1437 Hijri corresponding to 1/11/2015 AD as the last day to deposit their financial lists in the “Qaqaam” program for all companies and institutions that are obligated by law, in order to avoid the suspension of their commercial records and the imposition of sanctions contained in the Companies Law if they are not committed to depositing their financial lists in the “Qaqaam” program and delayed from the statutory period specified six months from the end of the fiscal year ... Read more

The pilgrims have the largest share. Tourism is booming and contributing to GDP

by

Reading time: 2 Minutes  Specialists in the field of tourism economy expected the tourism sector to contribute 5.4% of non-oil GDP during the current year 2015, while the percentage is expected to increase to 5.7 by 2020, as a result of the state's interest in the sector and the increase in government spending, lending to companies and the strength of local consumption. As a result of this great movement in the tourism sector, which ... Read more

”Emlak publishes the panorama of the National Program for Exhibitions and Conferences. Achievements that block the sunlight in 24 months

by

Reading time: 3 MinutesThe National Exhibitions and Conferences Program, launched in September 2013 with the direct support of His Royal Highness Prince Sultan bin Salman bin Abdulaziz, President of the Saudi Commission for Tourism and National Heritage and Chairman of the Supervisory Committee of the Program, is an important tributary to the national economy and investment, by supporting tourism and localizing it to provide job opportunities for citizens, promoting balanced development in the regions of ... Read more

Alwaleed Philanthropies plans to provide beneficiaries with 10,000 housing units and cars over 10 years

by

Reading time: < 1 Minute  Alwaleed Philanthropies, whose board of trustees is chaired by HRH Prince Alwaleed bin Talal bin Abdulaziz Al Saud, plans to develop communities in the Kingdom of Saudi Arabia through a housing and car program that aims to deliver 10,000 housing units and 10,000 cars within 10 years across the Kingdom, and in this regard, the Foundation has delivered 332 housing units and cars to beneficiaries ... Read more

© 2026 Amlak Real Estate Newspaper | All rights reserved.