Month: August 2017

Tadawul: SAR 1.71 trillion market capitalization of issued shares as of the end of August

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Reading time: < 1 MinuteA report by Tadawul revealed that the market value of issued shares as of the end of August 2017 amounted to 1.71 trillion riyals (equivalent to 457.55 billion dollars), registering an increase of 1.961% compared to the previous month. Tadawul explained that the general index of the Saudi Stock Exchange (Tadawul) closed at the end of August 2017 at 7,258.64 points, up 164.47 points ... Read more

Amlak Real Estate sends best wishes and congratulations to its valued customers on the occasion of Eid Al Adha

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Reading time: < 1 Minute  Amlak Real Estate Newspaper and all its employees extend their warmest congratulations and blessings to its valued customers and readers on the occasion of Eid Al-Adha 1438 AH, may God return it to us and you with peace and blessings, and our country enjoys security and goodness under our wise leadership.

UK mortgage loans grew to £68,689k in July

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Reading time: < 1 Minute  Data released by the Bank of England on Wednesday revealed that mortgage loans in the United Kingdom recorded a growth of 68,689 thousand pounds in July, compared to 65,318 thousand pounds in June, this growth comes despite the decline in the pace of growth of individual lending, and analysts' expectations had indicated that mortgage loans would grow at ... Read more

Ministry of Housing begins recording violations of real estate offices not complying with the “rent” system in December

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Reading time: < 1 Minute  Mohammed Al-Batti, the general supervisor of Ejar regulation at the Ministry of Housing, renewed the ministry's assurances to register violations on real estate offices that do not comply with the “Ejar” system starting next December, adding that the Ejar network currently covers the residential rental side only, indicating that the number of registered real estate establishments exceeded thousands, between certified brokers and brokers in the stage of completing ... Read more

Under the patronage of the Minister of Housing Restatex Cityscape Riyadh launches on September 27 to stimulate investment in the Kingdom

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Reading time: 2 Minutes  The organizers of Restatex Cityscape Riyadh have completed their preparations for the launch of the important real estate event, which will be held from 27 to 30 September at the Riyadh International Convention and Exhibition Center, under the patronage and support of His Excellency Mr. Majid bin Abdullah Al Haqeel, Minister of Housing. The exhibition coincides with the promising policies of the Kingdom's government, which ... Read more

White Land Fees Law issues 87 payment orders for 63 lands. Penalties for those who fail to register

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Reading time: < 1 MinuteThe General Supervisor of the White Land Fees System at the Ministry of Housing, Eng. Mohammed bin Ahmed Al Madihim, confirmed that the ministry is in the process of taking the previously announced penalties for not registering in the system and reporting the lands subject to the fees in the first phase in Riyadh, Jeddah and Dammam metropolis, noting that housing issued today 87 payment orders for those who ... Read more

25 companies qualify to produce 400 megawatts of wind power in Al Jouf

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Energy from wind

Reading time: < 1 MinuteThe Ministry of Energy, Industry and Mineral Resources (MEMR) announced today that 25 companies have qualified for the project to produce 400 megawatts (MW) of electricity from wind energy in Dumat Al Jandal Governorate in Al Jouf, the first project of its kind in the Kingdom. The Ministry's Renewable Energy Project Development Office said that the qualified companies were categorized into three categories, namely “project managers” or ... Read more

Ministry of Housing announces first installment of fees for late registrants

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Reading time: < 1 MinuteThe Ministry of Housing, represented by the White Land System, announced the issuance of the first batch of fees for those who delayed the registration of white lands, and the system explained through its official account in “Twitter”, that the penalties due to them, if proven, will be approved soon. He pointed out that anyone who violates the provisions and executive regulations of the white land fees shall be punished with a fine not exceeding the amount of the fee ... Read more

Albilad Capital adds SAR 440 million in its second offering of the Makkah Hospitality Real Estate Fund

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Reading time: < 1 MinuteAlbilad Financial Company announced the success of the second offering of Albilad Hospitality Fund in Makkah, an income-generating real estate investment fund compliant with the Shariah Commission's regulations, which was offered as a closed private placement for 440 million riyals on 15/8/2017, and the fund's capital was raised to 1,140,000,000 riyals. In this regard, Al Hassan Kassous, CEO of Al Balad Al Maliya, stated, “The ... Read more

“Promise of the North Minerals launches its first flight of phosphate product exports

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Reading time: < 1 MinuteThe Minister of Energy, Industry and Mineral Resources, Chairman of Ma'aden's Board of Directors, M. Khalid Al-Falih said that the export of the Saudi Arabian Mining Company (Ma'aden) of its first production of phosphate fertilizers, represented by its subsidiary Ma'aden Waad Al-Shamal Phosphate Company, is a milestone in the success of Ma'aden in achieving the desired development goals. He praised the support of the leadership that enabled the realization of ... Read more

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