Month: January 2017

During the Restatex Sharqiya exhibition ”Housing“ reveals 41857 real estate units within the off-plan sales program

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Reading time: < 1 Minute The Ministry of Housing’s participation in the Eastern Region Real Estate, Housing, and Urban Development Exhibition “Restatex Eastern Province,” held from January 15–19, 2017, at the Dhahran International Exhibition Center under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, is drawing widespread attention and acclaim from the public and real estate companies through its presentation of the “Etmam” Developer Services Center, which is… Read more

Minister of Housing Meets with the UN Resident Coordinator in the Kingdom

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Reading time: < 1 Minute  His Excellency Majed bin Abdullah Al-Hogail, Minister of Housing, recently received Mr. Ashok Negam, the United Nations Resident Coordinator and Resident Representative of the United Nations Development Programme in the Kingdom, at the Ministry’s headquarters. At the start of the meeting, the Minister of Housing welcomed Mr. Ashok, emphasizing the strong cooperation between the Kingdom and the United Nations in various fields. The two also exchanged cordial remarks and reviewed aspects of their relationship, … Read more

With the largest national pavilion... The Kingdom is making its biggest showing yet at the 10th Future Energy Summit in Abu Dhabi

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Reading time: < 1 Minute  The 10th World Future Energy Summit kicked off yesterday in Abu Dhabi. The event is currently being held at the Abu Dhabi National Exhibition Center and will continue through the 19th of this month, His Excellency Khalid bin Abdulaziz Al-Falih, Minister of Energy, Industry, and Mineral Resources, is leading the major Saudi delegation. Saudi Arabia’s participation in the event, with a national pavilion, is the largest among … Read more

After the approval of the Capital Market. “Food Development Works” offers 250 thousand shares on the parallel market

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Reading time: 2 MinutesMr. Abdulrahman Al-Asmari, a member of the board of directors of Food Development Enterprises, announced that the Capital Market Authority has approved the listing of the company’s shares on the parallel market, emphasizing that the parallel market is a valuable addition to the Kingdom’s financial markets, and is one of the Vision 2030 projects aimed at boosting the Saudi economy. Al-Asmari confirmed that the company and its financial advisor, “Falcom Services Company … Read more

Majid Al-Hogail: 280,000 products with an investment of 119.5 billion and an economic return to the government of 562 billion

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Reading time: < 1 MinuteDuring a press conference held yesterday at the Saudi Press Agency, Housing Minister Majed Al-Hogail revealed that the total investment in housing and financing products—amounting to 280,000 units— amounts to 119.5 billion riyals, generating approximately 562 billion riyals in revenue for the Kingdom’s economy. Al-Hogail noted that these products will contribute to the creation of approximately 47,820 direct and indirect jobs… Read more

Riyad Bank leads Saudi banks in the Kafalah program with funding exceeding SAR 554 million

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Reading time: < 1 Minute  As part of its financing policy to support the small and medium-sized enterprise (SME) sector, Riyad Bank led all Saudi banks in the guarantee program during the third and fourth quarters of last year in terms of the number of enterprises, which reached 277 businesses, far outpacing other banks, with financing exceeding 554 million riyals, in exchange for 417 guarantees with a total value of 275 … Read more

After the approval of the Capital Market “Abu Muti Bookstores offers 20% of its shares on the parallel market

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Reading time: 2 Minutes  كشفت شركة عبد الله سعد محمد أبو معطي للمكتبات عن استعداداتها لطرح لطرح 3,2 مليون سهم والتي تمثل (%20) من أسهم الشركة في السوق الموازية المزمع إطلاقها في السادس والعشرين من شهر فبراير لعام 2017م, وذلك بالاتفاق مع مستشارها المالي “شركة فالكم للخدمات المالية”, وذلك بعد صدور  الموافقة الأسبوع الماضي من هيئة السوق المالية. … Read more

The first real estate investment event of 2017... The Governor of the Eastern Province launches the “Restatex Real Estate Exhibition”

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Reading time: < 1 MinuteHis Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, launched the event yesterday morning, Sunday, at the Dhahran International Exhibition Center — Dhahran Expo — in the presence of His Excellency the Secretary of the Eastern Province, Engineer Fahd Al-Jubeir, the largest real estate exhibition the region has ever seen, attended by a large number of government officials, companies, and leaders of the real estate sector, as well as the Chairman and members of the Board of Directors of the Eastern Province Chamber of Commerce and an elite group of … Read more

«Food Production 2030 Conference» in Abu Dhabi Discusses Food Security for 250 Million People

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Reading time: < 1 MinuteAbu Dhabi will host the Middle East and North Africa Food Production Conference 2030 next March, on the sidelines of the Global Forum for Agricultural Innovation 2017, the premier annual event focused on the future of sustainable agriculture. The Middle East and North Africa Food Production Conference 2030 will serve as an important and vital platform for discussing the challenges facing food production among government agencies, producers … Read more

Starting with “Al-Riyadh, Al-Arabi, and Al-Bilad”... Real Estate Fund: 14 local entities provide financial support to beneficiaries

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Reading time: < 1 Minute  Ayham Al-Yousef, General Supervisor of the Real Estate Development Fund, revealed that the Fund has signed agreements with 10 of the 12 licensed local banks and 4 of the 6 financing institutions to provide financial support to beneficiaries. Al-Youssef noted that the initial launch will be in collaboration with three banks—Riyad, Al-Arabi, and Al-Bilad—as well as Badaya Finance, given … Read more

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