Month: February 2016

Protects and secures the information of real estate organizations Simple Real Estate System launches integrated access portals for landlords and tenants

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Reading time: < 1 MinuteAs part of its ongoing efforts to keep pace with the real estate sector’s evolving needs, Basit Real Estate has launched integrated portals for property owners to monitor their business and finances with real estate agencies, as well as portals for tenants to track their leases, payment transactions, and related financial documents. These portals are the first of their kind among specialized property and real estate management software programs in terms of technology… Read more

Saudi Equities Conference incentivizes foreign investors to enter the stock market

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Reading time: < 1 MinuteWith more than 120 investors in attendance, representing major investment firms from around the world, HSBC Saudi Arabia’s annual conference on the Saudi stock market was recently held in Riyadh. The conference aims to attract foreign investors to companies listed on the Saudi stock exchange by inviting a number of leading global investment firms to meet with Saudi companies. The event… Read more

In the presence of representatives of more than 40 specialized companies ... Riyadh Chamber organizes the Saudi-Danish Business Forum next week

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Reading time: < 1 MinuteThe Riyadh Chamber of Commerce has invited business leaders to participate in the Saudi-Danish Business Forum and learn about the products of more than 40 specialized Danish companies, to be held next Monday at the Al-Faisaliah Hotel, with His Royal Highness Prince Frederik, Crown Prince of the Kingdom of Denmark, and his accompanying delegation in attendance. For his part, Dr. Abdulrahman Al-Zamil, Chairman of the Board of Directors of the Riyadh Chamber of Commerce, called for strengthening relations … Read more

Real Estate Fund to review its policies with developers in the next phase Next Sunday

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Reading time: < 1 Minute  The Riyadh Chamber of Commerce, represented by its Real Estate Committee, is organizing a large-scale meeting bringing together the Real Estate Development Fund and the private sector to discuss the implications of the Fund’s transformation into a financial institution on the real estate sector, The discussion will address the Fund’s strategic and future directions regarding the regulation of the real estate finance and housing sector. The meeting will take place on the morning of Sunday, 19/05/1437 AH, corresponding to 28/02/2016 AD, at the Chamber’s headquarters. A member of the Board of Directors and Chairman of … Read more

Ministry of Housing prepares to hand over 2,848 housing units to Riyadh residents

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Reading time: < 1 MinuteThe Ministry of Housing has revealed details of its project in Riyadh, which provides 2,848 housing units, including plots of land and villas, along with integrated service facilities that meet the needs of eligible recipients. The ministry emphasized that it is working to provide more housing options for eligible residents of Riyadh, with a variety of choices tailored to different segments of society, especially since Riyadh has the largest number … Read more

The Saudi Investment Bank gives employees of the Industrial Development Organization (IDO) a mortgage to buy their homes

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Reading time: < 1 MinuteWith the aim of supporting homeownership initiatives and helping to address the housing crisis by providing mortgage financing to those seeking to purchase a home, the Saudi Investment Bank and the Saudi Industrial Development Fund signed a housing finance agreement for Saudi employees. The agreement aims to provide Fund employees with personal financial facilities (mortgage financing) that comply with the provisions of Islamic Sharia law for the purchase of residential properties such as (apartments, villas, … Read more

Ruwabi Valiance Offshore Services launches a one billion Riyal Sukuk

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Reading time: < 1 MinuteWorth 1 billion riyals Rawabi Valiance Marine Services announced the launch of its first Sharia-compliant sukuk issuance worth 1 billion riyals. The entire issuance was fully subscribed, and the proceeds will be used to finance the company’s marine assets over a five-year period. Al-Inmaa Investment Company, JIB Capital, and Saudi Fransi Capital have been appointed as… Read more

Coming soon. Nearly 1000 housing units await beneficiaries in Khobar and Qatif

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Reading time: < 1 Minute  كشفت وزارة الإسكان أن العمل في مشروع إسكان محافظة الخبر الممتد بطول4300 متر قد قطع شوطاً كبيراً بلغ %93, وافادت الوزارة أن المشروع يقع في مساحة إجمالية تتجاوز 200 ألف م2، ويضم 272 وحدة سكنية، إضافة إلى مواقع مخصصة لمرافق خدمية تعليمية وصحية وأمنية وتجارية وترفيهية، وأكدت الوزارة قرب اكتمال البنية التحيتة للمشروع والخدمات, … Read more

14 billion riyals to develop the two largest shopping centers. Riyadh's Emir patronizes Majid Al Futtaim's investment announcement ceremony“

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Reading time: 4 MinutesMajid Al Futtaim Group, a leader in the development and management of shopping centers, retail, and entertainment facilities in the Middle East and North Africa, is preparing to develop two major shopping centers, «Mall of Saudi Arabia» and »City Center Seville,» in Riyadh, each of which will host a range of leading international brands and offer unique entertainment and leisure experiences coming to the Kingdom’s capital for the first time. Prince Faisal bin Bandar sponsored … Read more

Beautiful patience... Dr. Hussam Youssef

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Reading time: 2 MinutesEver since I was a child, I’ve heard a common saying repeated by people . . . that “patience is the key to relief.” And I used to wonder: What is this “relief” that they insist, time and again, is unlocked only by patience—and that no one can see it without using that key? ... And I used to wonder to myself, “Isn’t it time for relief to come and quench the thirst of these thirsty people…?” Read more

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