Month: February 2016

“Credit and Savings” injected 13 billion riyals to finance 4,288 projects last year

by

Reading time: < 1 Minute  The Saudi Credit and Savings Bank approved financing for 4.288 projects in 2015, ranging from small and start-up enterprises, micro-enterprises, productive households, excellence and innovation initiatives, and graduate projects, as well as taxis, private transportation, and loans(for marriage, family, and home renovation). This was announced during the bank’s disclosure of its financial results for the 2015 fiscal year. The data and results revealed that the total number of loans reached 218,160, with a value exceeding … Read more

Accelerated loan breakthrough puts banks and financial institutions on standby

by

Reading time: < 1 MinuteWith a loan amount of 500,000 riyals to be repaid over 20 years, more than 425,000 citizens on the waiting list are awaiting approval from the Saudi Arabian Monetary Authority for the accelerated loan, which was approved by the Real Estate Development Fund, is imminent. This breakthrough comes after mortgage lending was suspended since the 21st of Ramadan last year, and included the fifth batch of loans approved in the budget for the fiscal year 1437/1436 AH … Read more

Minister of Justice announces the formation of a committee to legalize the procedures for buying, selling and transferring endowments

by

Reading time: < 1 MinuteThe Minister of Justice and President of the Supreme Judicial Council, Sheikh Dr. Walid Al-Samaani, announced at the “Third Endowments Forum”that a committee has been formed to codify procedures for the sale, purchase, transfer, and replacement of endowments and to streamline these procedures, in coordination with the Saudi Residents Authority under the Ministry of Commerce. This announcement came during the Ministry of Justice’s participation in the Third Endowments Forum, which was organized by the Riyadh Chamber of Commerce and Industry and hosted by the InterContinental Hotel during … Read more

Third Endowments Forum concludes, recommends exempting endowment companies and similar organizations from zakat

by

Reading time: < 1 MinuteThe Third Endowments Forum concluded its proceedings last Monday at the InterContinental Hotel in Riyadh with a number of recommendations and proposals. The forum recommended the establishment of a center for endowment studies to be named after the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz. It also called for the formation of a committee to address the freezing of billions of riyals—representing the value of endowments that have been expropriated or whose assets have been replaced in Mecca, Medina, and other cities across the Kingdom, … Read more

With more than 350 companies in attendance, Unipods wins 2015 Excellence in Construction Technology Award

by

Reading time: 2 Minutes“Unipods,” the leading company in “off-site construction of prefabricated bathrooms” technology in Saudi Arabia and the Gulf Cooperation Council (GCC) countries, shone at the “Big Project” Awards for Construction and Sustainability in the Middle East, winning the Award for Excellence in Construction Technology. This event is considered the most important annual gathering in the region to recognize the efforts of contractors and developers in the GCC countries and to highlight … Read more

The open market is a stop for real estate seekers in the Kingdom

by

Reading time: 2 MinutesIn recent years, there has been a proliferation of advertising websites designed to connect supply with demand across all markets and to balance the two in a way that benefits all parties—individual consumers and merchants alike. As this advertising revolution continues to expand day by day, it is certain that every category of users has a preferred advertising platform that they view as credible and fast… Read more

In the presence and participation of major contractors and consultants. Al-Andalus Holding Company organizes an introductory ceremony for its new products and emphasizes its adaptability to the stage

by

Reading time: 3 MinutesAl-Andalus Holding Company, through its subsidiary “Al-Andalus Trading Company,“ ,” held a special event last Friday at the Nova African Resorts on the road to Mecca to launch and showcase its new products, following the company’s significant expansion in various fields, The event was attended by Mr. Abdulaziz Al-Issa, editor-in-chief of Amlak newspaper, and a large number of senior consultants, contractors, and company officials and employees… Read more

Building a Home, Step by Step... (30)

by

Reading time: < 1 MinuteUpon completion of all rebar work for the building’s roof and the roofs of any ground-level annexes, if any, the contractor shall install the rebar for the circular staircase, if any, Afterward, the supervising engineer shall arrive to inspect the roof rebar in accordance with the approved project plans. If the engineer identifies any issues requiring correction, the contractor must comply with those corrections; if no issues are found, then … Read more

Kuwait prepares to launch KFH Building Supplies Exhibition in May

by

Reading time: < 1 MinuteKuwait International Fair Company has begun preparations to host the «Baitak» 2016 Construction Supplies Exhibition from May 4 through 9 at the International Exhibition Grounds in Mishref, with active participation and the presence of a large number of institutions and companies from the building materials and supplies sector. Khaled Abdul Qadir Al-Hindi, Director of Marketing and Sales and Director of the «BITEC» Building Supplies Exhibition at Kuwait International Exhibition Company, explained that coverage has been provided for … Read more

Egypt Plans to Build More Than 30,000 Social Housing Units in 6 Cities

by

Reading time: < 1 MinuteDr. Mostafa Madbouly, Minister of Housing, Utilities, and Urban Communities, announced the launch and awarding of contracts for 33,352 «three-bedroom and living room» social housing units in six new cities, noting that social housing project officials have been tasked with offering another 30,000 «two-bedroom and living room» housing units in the governorates, in accordance with the governors’ requests, to suit the needs of low-income households. The minister said: “We have begun…” Read more

© 2026 Amlak Real Estate Newspaper | All rights reserved.