Month: November 2016

Royal approval to allocate 100 billion riyals from reserves to the Public Investment Fund

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Business activities

Reading time: < 1 MinuteThe Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may God protect him - approved, based on the recommendation of the Council of Economic and Development Affairs, the allocation of 100 billion riyals from the reserves to the Public Investment Fund with the aim of diversifying the investment portfolio and improving investment returns. The Public Investment Fund explained that its investment strategy will focus during the coming period on a number of ... Read more

Trade and Housing Honors Tathmeen

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Reading time: < 1 Minute The Minister of Trade and Investment, Dr. Majid Al-Qasabi, and the Minister of Housing, Majid Al-Hogail, honored the Saudi Asset Valuation Company “Tathmine” for its sponsorship of the Real Estate Valuation Conference in the Kingdom, organized by the Saudi Commission for Certified Valuers and held in Riyadh. Tasmeen's General Manager Ahmed bin Ali Asiri expressed his thanks and appreciation to the Minister of Commerce and Investment and the Minister of Housing for ... Read more

Custodian of the Two Holy Mosques inaugurates industrial and development projects in Jubail

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Reading time: < 1 MinuteThe Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may God protect him - inaugurated in Jubail Industrial City today and laid the foundation stone for a number of industrial and developmental projects in the Royal Commission, Saudi Aramco and the private sector. The Custodian of the Two Holy Mosques then toured a pictorial exhibition of Sadara and SATORP and listened to an explanation of their work ... Read more

”Trade” starts applying the regulations of organizing unlisted shareholding companies on the financial market

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Reading time: < 1 Minute The Ministry of Commerce and Investment started applying the regulations of the organization of unlisted shareholding companies in the financial market this week, and the new regulation affects the company's shares, shares allocated to employees, treasury shares that the company has purchased and retained, and preferred shares issued by the company, which entitle their owners to receive a higher percentage of the company's net profits than the owners of ordinary shares after ... Read more

Ministry of Housing and Emad to build housing units in Jazan

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Reading time: < 1 MinuteThe Ministry of Housing signed a memorandum of understanding with Emad Investment, a real estate development company, to develop residential land in Jazan on an area of 31,280 square meters to build 163 housing units ranging in size from 140 to 220 square meters as the first phase in the Mohammedia residential plan, which is located along the Red Sea, adjacent to Jazan University with an area of more than 3 million square meters ... Read more

129 residential land deals carried out in Riyadh during Muharram

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Reading time: < 1 MinuteThe real estate indicators of the Saudi Ministry of Justice for the month of Muharram 1438 AH showed the implementation of 129 residential land sale and purchase transactions in the city of Riyadh, where the value of the transactions implemented during the month of Muharram amounted to about 119.4 million riyals with an area of 90.3 thousand square meters. The implementation of these deals included 11 neighborhoods of Riyadh city, at different prices per square meter, the most expensive of which was in the Al-Izdhar neighborhood ... Read more

Cabinet: Maintaining the centralized unit of the Saudi Building Code

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Reading time: < 1 MinuteThe Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may Allah protect him - chaired the session held by the Council of Ministers on Monday afternoon at Al-Aziziyah Palace in Al-Khobar Governorate. Minister of Culture and Information Dr. Adel bin Zaid Al-Turaifi said in a statement to the Saudi Press Agency (SPA) following the session that the Cabinet reviewed the topics on the agenda ... Read more

Riyad Bank is a platinum sponsor of the Sixth Safety and Fire Prevention Conference

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Reading time: < 1 MinuteRiyad Bank enhanced its excellence in sponsoring events by sponsoring the Sixth Safety and Fire Prevention Conference (as a platinum sponsor) under the slogan “Compliance with safety standards is a national duty”, organized by the Saudi Institution of Engineers, under the patronage of His Royal Highness Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Province, in the presence of a group of engineers, experts and specialists in security, safety and protection from ... Read more

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