Month: April 2016

”Trade” issues strict penalties against 40 violating real estate offices in Riyadh

by

Reading time: < 1 MinuteThe Ministry of Commerce and Industry, during its recent inspection campaigns on real estate offices, seized forty violating offices in the city of Riyadh, where the violations were represented in exceeding the sale or rental commission of (2.5 %) of the contract value for a year or its repetition, combining real estate activity with other activities in the headquarters, employing non-Saudi workers, in addition to not ... Read more

Real Estate Fund begins disbursement of loans to homebuyers

by

Reading time: < 1 MinuteThe Real Estate Fund has started disbursing loans to beneficiaries who signed contracts to buy housing units before the decision to restructure the mechanisms of granting loans, indicating that the Fund will start within days to disburse real estate loans to beneficiaries, expecting that the current year 2016 will witness the disbursement of about six payments in stages to beneficiaries, but he did not reveal the total value of the loans that will be disbursed during ... Read more

“The Real Estate Fund allows women the right to own real estate and issues a number of regulations

by

Reading time: < 1 MinuteThe Real Estate Development Fund agreed to extend the grace period granted to all citizens who were approved for the loan for an additional two years starting from Shawwal 26, 1437 to benefit from the loan during this period, as well as allowing Saudi women to buy the property financed by the Fund to replace the original borrower in accordance with the rules and procedures followed by the Fund. Read more

Minister of Housing: We intend to create a development company that gives land and provides financing

by

Reading time: < 1 MinuteThe Housing Ministry plans to create a development company and start launching a mortgage fund to encourage banks to increase lending. The ministry will also regulate developers, but the final ownership of the product will be held by another government entity. Housing Minister Majid al-Hogail revealed this in a TV interview, explaining that the new development company will give companies plots of land to build houses and help them ... Read more

Real estate finance companies allowed to own property in Makkah and Madinah

by

Reading time: < 1 MinuteThe amendments made by the Council of Ministers in Article 5 of the Real Estate Ownership and Investment Law excluded banks and real estate finance companies licensed by the Monetary Authority from the prohibition to own real estate in Mecca and Medina, provided that this is limited to their ownership of real estate in order to finance it for those who hold Saudi nationality, as well as real estate allocated to their headquarters or ... Read more

Royal patronage to provide adequate housing for citizens Abdulaziz Al-Issa

by

Reading time: 2 MinutesThe issue of housing occupies the attention of the state, represented by all its leaders, led by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may God protect him. The Custodian of the Two Holy Mosques, King Salman Abdulaziz Saud - may God preserve him - is at the forefront of all citizens' attention to the extent of the royal care and great interest in the issue of providing adequate housing for citizens. Read more

During his meeting with the Minister of Housing ... Custodian of the Two Holy Mosques : Providing adequate housing for citizens is one of the priorities and the focus of my personal attention

by

Reading time: < 1 MinuteThe Custodian of the Two Holy Mosques King Salman bin Abdulaziz, may God protect him, reaffirmed that providing adequate housing for citizens and the means of a decent life are among the priorities and the focus of his personal attention, this came during his meeting with the Minister of Housing Mr. Majid bin Abdullah Al-Haqeel, senior ministry officials and those interested in housing in the public and private sectors. The Custodian of the Two Holy Mosques addressed ... Read more

Alinma Bank named Best Retail Bank in Saudi Arabia

by

Reading time: < 1 Minute Alinma Bank's CEO, Abdulmohsen Al Fares, expressed his happiness for Alinma Bank receiving the Best Retail Bank in the Kingdom of Saudi Arabia award awarded by The Banker Middle East magazine, in continuation of Alinma Bank's leadership and excellence in providing the best banking services. For his part, Ruben Amlot, CEO of CPI Financial, the company that owns ... Read more

Aldar's specialized exhibition for the residential sector will be launched in May

by

Reading time: < 1 MinuteEngineer Faisal bin Hathlain, who specializes in the events sector, revealed that they intend to launch several exhibitions, the first of which is the “Aldar” exhibition, which will be launched in late May at the Movenpick Hotel in Riyadh. This is after reviewing the needs of producers and the consuming public, to act as a strategic link that meets the needs of both parties. Ibn Hathlain adds: ”Aldar specializes in everything ... Read more

© 2026 Amlak Real Estate Newspaper | All rights reserved.