Month: October 2016

Nada Al-Bawardi reveals the details of success: Bunyan Charity Association provides 300 families with homes and 230 with good loans

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Reading time: 3 MinutesInterview: Editor-in-Chief Since its founding in 1432, the Binyan Women’s Charitable Association for Family Development has worked to achieve humanitarian goals by serving the women’s community at large, and has specialized in working within the Riyadh region pursuant to Ministerial Decree No. 602, to assist many families and individuals in various areas, ranging from providing daily household necessities to ensuring a bright future through several programs designed to… Read more

Specialized media sponsorship from “Amlak”... The Saudi Construction Expo 2016 kicks off in Riyadh

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Reading time: < 1 MinuteWith specialized media sponsorship from Amlak newspaper, the Saudi Construction Exhibition 2016 will take place from 16–19 Muharram 1438 AH, corresponding to October 17 –October 20, 2016, the Saudi Construction Exhibition 2016 will take place at the Riyadh International Convention and Exhibition Center. His Excellency Engineer Ibrahim Muhammad Al-Sultan, Governor of the Riyadh Region, will open the exhibition, which will feature more than 530 local and regional companies from 30 countries and 13 national pavilions. The event will be held … Read more

“Al Madallah and Ben Hafez Real Estate offer 45 commercial and investment plots in Dammam Next Monday

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Reading time: < 1 MinuteNext Monday, Al-Madallah Real Estate and Bin Hafiz Real Estate will put the Al-Waha 1 and 2 developments up for public auction at the project site in Al-Dama. The project covers an area of 80,000 square meters, divided into 45 commercial and investment lots, The commercial lots range in size from 2,000 to 2,150 square meters, and the investment lots range from 900 to 1,200 square meters. On this occasion, Adel said … Read more

GITEX Dubai 2016 showcases STC's business solutions and programs

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Reading time: < 1 MinuteWith outstanding Saudi participation, Dubai is hosting GITEX Dubai 2016, which will take place from October 16 to 20. For its part, Saudi Telecom Company (STC) has confirmed that it will unveil a range of advanced services and solutions in the field of telecommunications and information technology during the event. STC will showcase its latest offerings at the exhibition in the Zabeel Hall, Booth Z-G45… Read more

Bank Albilad launches “Albilad Account” service for its customers to be partners in profits

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Reading time: < 1 MinuteAl-Bilad Bank has launched the “Al-Bilad Account” service, the first of its kind in the Kingdom, which gives customers the freedom to manage their accounts and access their funds anytime, anywhere, while profits continue to accrue for account holders with a minimum balance of 20,000 riyals. Customers can invest their funds while simultaneously enjoying high liquidity, and they have … Read more

Riyad Bank achieves profits of 3.05 million riyals until the end of September

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Reading time: < 1 MinuteRiyad Bank Chairman Rashid Al-Rashid confirmed that the bank posted a net profit of 3.049 million riyals for the nine-month period ending September 30, down 4.7% from the same period a year earlier, Net commission income also rose to 3.948 million riyals, compared to 3.836 million riyals, an increase of 2.9%. He added that total operating income reached 5.869 million riyals, … Read more

100 specialized companies representing 25 countries kick off the Saudi International Oil and Gas Exhibition next Monday in Sharqiya

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Reading time: 2 Minutes  With local and international participants, Dhahran International Exhibitions Company, in collaboration with IES, is organizing the 8th Saudi International Oil and Gas Exhibition, which will kick off next Monday and run from October 17 to 19, The exhibition is expected to attract more than 10,000 visitors, under the patronage of His Excellency Dr. Khalid bin Mohammed, Deputy Governor of the Eastern Province… Read more

Hotel Equipment and Technology Exhibition 2016 concludes with support and localization of technology in the sector

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Reading time: 2 MinutesWith more than 100 participants, the Second Saudi International Exhibition for Hotel Equipment and Technology 2016 (Hotel Expo) concluded yesterday. The event was sponsored and inaugurated by His Excellency Engineer Ahmed bin Sulaiman Al-Rajhi, Chairman of the Board of Directors of the Riyadh Chamber of Commerce and Industry, and organized by the Saudi Al-Hadba Company for Exhibition and Conference Organization at the Riyadh International Exhibition and Convention Center. To encourage investment in the hotel sector, he expressed … Read more

Lawmakers call for restructuring the Credit Bank's lending programs. and a mechanism to restore its rights

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Shura Council

Reading time: < 1 MinuteFahd bin Jumaa, a member of the Shura Council, called on the Ministry of Labor and Social Development to restructure the Credit Bank’s lending programs in line with the shift from a welfare-based approach to a development-oriented one, believing that adopting his recommendation would reduce the ministry’s direct and indirect costs and incentivize beneficiaries to increase their productivity, in addition to making better use of the bank’s loans to serve the community and expand community participation in … Read more

Established a real estate fund. “Al Rajhi Capital plans to invest in European real estate worth 581 million riyals

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Reading time: < 1 MinuteAl-Rajhi Financial Company—one of the largest investment services firms in the Kingdom—raised 581 million riyals ($155 million). The funds were raised for the Al Rajhi European Real Estate Closed-End Fund, with the aim of investing in income-generating real estate, such as warehouses leased from financially sound companies under long-term lease agreements, to distribute the highest low-risk cash returns every six months … Read more

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