“Housing” and ”Islamic Bank” discuss housing cooperatives, real estate financing and building technologies

Reading time: < 1 MinuteThe Ministry of Housing and the Islamic Development Bank (IDB) are studying three axes within the framework of their joint cooperation, namely housing cooperative societies, the establishment of a fund for science, technology and innovation in the field of building materials within the framework of the partnership between the bank and the ministry, as well as cooperation in establishing a real estate finance fund. The meeting between Minister of Housing Majid bin Abdullah Al-Huqail and ... Read more

The Capital Market Authority (CMA) announces the impending implementation of new regulations and procedures for private companies

Electronic platform

Reading time: < 1 MinuteThe Board of the Capital Market Authority (CMA) revealed that it will soon apply the regulatory controls and procedures issued in implementation of the Companies Law for listed shareholding companies and its guiding guide in light of the developed mechanism for listing and trading rights of listed companies in the Saudi Stock Exchange (SSE). The CMA explained that the application of the controls comes within the framework of developing the rights trading mechanism, in line with the CMA's program ... Read more

Al Ahli Bank buys land in Economic City to build a data center and store customer records

National Bank

Reading time: < 1 MinuteAl Ahli Bank strengthened its partnership with King Abdullah Economic City (KAEC) through an agreement whereby the bank purchased a 28,178 square meter plot of land in the Industrial Valley, with the aim of building a data center and keeping customer records at a high level of technical security around the clock, signed on behalf of Al Ahli Bank by Mr. Saeed Al Ghamdi, CEO of the National Commercial ... Read more

Saudi Building Code is an effective application of the technical system to promote quality in the construction sector

Building-Construction-Materials

Reading time: 2 MinutesDr. Saad bin Othman Al-Qasabi, Chairman of the National Committee for the Saudi Building Code and Governor of the Saudi Standards, Metrology and Quality Organization (SASO), praised the approval of the Council of Ministers headed by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz - may God protect him - on the system of applying the Saudi Building Code, considering this step a very important step in the effective application of the technical system that enhances the construction and building sector in driving the development process ... Read more

Almasa Capital: Saudi Arabia's stock market makes impressive gains, expects a rebound in February

Reading time: < 1 MinuteA report by Al Masah Capital, one of the fastest growing alternative asset management and advisory firms in the Middle East and Southeast Asia, predicted that a rebound will prevail in the green zone with impressive gains on all fronts, despite some investors pulling their money out of the market by selling some stocks. A return to the kingdom and better results in the market... Read more

9 out of 17 stalled housing projects in Qassim region

Reading time: < 1 MinuteIn an interview with Saudi TV, Prince Dr. Faisal bin Meshal Al Saud of Qassim revealed that the Ministry of Housing projects in the region amount to 17 projects, of which 8 are regular, 4 are delayed and 5 are stalled, and that the number of delayed projects in the region amounted to about 350 projects, representing 32% of the total projects worth 7 billion riyals. He explained that the number of ... Read more

Custodian of the Two Holy Mosques to sponsor the second International Integrity Conference on February 20

Reading time: < 1 MinuteUnder the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, Riyadh will host the second Nazaha International Conference, which will be held during the period from 23 to 24 Jumada I 1438H corresponding to 20-21 February 2017, organized by the National Anti-Corruption Commission (Nazaha) with the participation of specialists and experts in the field of protecting integrity and combating corruption from inside and outside the Kingdom. ... Read more

Alinma Bank launches SADADAD e-commerce service with high benefits and flexibility

Real Estate Finance - Mortgage Loans

Reading time: 2 MinutesAlinma Bank announced the launch of SADAD service as one of the benefits offered by the bank to its partners for more flexible online shopping, as it eliminates the need for Alinma credit card or Alinma mada cards when purchasing online, as it only requires registration in the service through Alinma Internet to complete purchases through simple and easy steps. With this ... Read more

Saudi Home Finance Company (Sahl) wins the Best Mortgage Finance Program Award for 2015-2016

Reading time: 2 Minutes The Saudi Housing Finance Company (Sahl), as an extension of its track record of diversified financing programs for individuals, was awarded the best mortgage program for the year 2015-2016 for individuals at the Eastern Real Estate, Housing and Urban Development Exhibition (Restatex Eastern 2017), which concluded recently at the Dhahran International Center for Exhibitions and Conferences under the patronage of His Royal Highness ... Read more

Specialists and real estate professionals: The Supreme Real Estate Commission is a specialized authority. We shouldn't rush the results

Reading time: 2 MinutesThe real estate community, real estate professionals and businessmen appreciated the Council of Ministers' decision to approve the General Authority for Real Estate and its coordination with the concerned authorities to make the necessary arrangements to transfer the supervision of the activities stipulated in the organization of the General Authority for Real Estate to the Authority, according to stages agreed upon with those authorities. The decision came after reviewing what the Minister of Housing... Read more