Dar Al-Arkan participated in the "Your Home is Ready" exhibition... The company offers immediate occupancy of its residential units

Reading time: < 1 MinuteDar Al-Arkan successfully concluded its participation in the “Your Home is Ready” exhibition, organized by the Real Estate Development Fund from March 4, with approximately 45,000 citizens attending in the cities of Riyadh and Al-Kharj. At its booth, the company showcased a wide range of ready-to-move-in residential units, including apartments and villas featuring modern designs and various floor plans to meet the needs of different… Read more

 Court Rules in Favor of Real Estate Fund in Referring Citizens to Banks

Reading time: < 1 MinuteA court document explained the Administrative Court of Al-Baha’s dismissal of a lawsuit filed by a citizen against the Al-Baha branch of the Real Estate Development Fund, after he demanded that the loan be disbursed from the Fund’s capital rather than from banking institutions, due to its clear violation of Cabinet Decision No. 82 dated 5/3/1435 regarding the regulation of housing subsidies. The Administrative Court in Al-Baha noted in its «final ruling,» which was in favor of the Real Estate Fund, … Read more

As the payment deadline approaches, the Ministry of Housing warns owners of undeveloped land that financial penalties will be imposed

Real estate projects

Reading time: < 1 MinuteThe Ministry of Housing’s White Land Fees System account statement revealed the time remaining until the end of the payment period and urged landowners to pay to avoid fines of up to 2.51% of the land’s value. The remaining period for Riyadh, starting from 14 Jumada II 1439 AH, is 15 days; for Jeddah, 37 days; for Dammam, 65 days; and for Makkah, 273 days. It is noted that… Read more

With the participation of real estate and finance companies. Wafix off-plan sales forum kicks off on March 28

Reading time: 2 MinutesUnder the patronage of His Excellency the Minister of Housing, Mr. Majid bin Abdullah Al-Hogail, the Off-Plan Sales Program will launch the first edition of the “Wafix” Exhibition and Forum for off-plan projects from July 11–14,1439 AH, corresponding to March 28–31, 2018, in the Grand Ballroom of the Crowne Plaza Digital City Hotel in the capital, Riyadh. The forum, sponsored by the specialized real estate newspaper Amlak, aims to introduce the mechanism by which … Read more

“Madaqam Real Estate participates in the ”Your Home is Ready“ exhibition with 45 residential units

Reading time: < 1 MinuteNitaq Real Estate, a subsidiary of Nujoom Al-Salam Holding, participated in the “Baitak Jahaz” exhibition, which was held at the Crowne Plaza Hotel under the supervision of the Real Estate Development Fund for beneficiaries in Riyadh from March 1–4. The exhibition featured a large number of banks, real estate companies, and financing companies. Nitaq Real Estate announced the launch of the sale of Ithmar villas… Read more

The Public Pension Agency confirms that social insurance subscribers benefit from the “Masaken” mortgage program

real estate

Reading time: < 1 MinuteThe Public Pension Agency confirmed that government employees and retirees covered by the social insurance system are eligible to benefit from the “Masaken” mortgage financing program, which is administered by Dar Al-Tamleek. The Authority’s official spokesperson, Fahad Al-Saleh, explained the Authority’s commitment to expanding the base of beneficiaries of the “Masaken” program to include, in addition to government employees and retirees subject to the civil and military pension systems, employees and retirees of government agencies subject to the … Read more

Al Rajhi Bank Showcases Its Real Estate Initiatives by Offering Financing and Construction Solutions at the “Your Home is Ready” Exhibition”

Al Rajhi Bank

Reading time: < 1 MinuteAl Rajhi Bank participated in the «Your Home is Ready» exhibition, held at the Crowne Plaza Hotel under the supervision of the Real Estate Development Fund for beneficiaries in Riyadh from March 1–4, with the participation of a number of real estate companies. The exhibition is dedicated to the Real Estate Fund’s 43,000 beneficiaries. The exhibition aims to enable mortgage beneficiaries to obtain units … Read more

“Riyadh and Kharj beneficiaries can choose from a variety of housing options

Reading time: 2 MinutesWith the participation of 28 banking, financing, and real estate entities, Khalid bin Mohammed Al-Amoudi, General Supervisor of the Real Estate Development Fund, recently opened the “Baitak Jahaz” exhibition in Riyadh, organized by the Fund as part of the “Sakani” program, with the aim of enabling beneficiaries on the Fund’s lists to obtain ready-to-move-in housing units suitable for their needs and financial capabilities. The exhibition, which runs until March 4, targeted approximately … Read more

The AFED 2018 exhibition concluded with contracts worth $15 billion and 57,600 manufacturing orders placed at the event

Reading time: 2 MinutesThe Armed Forces Exhibition for Domestic Manufacturing (AFED 2018) successfully concluded its proceedings, achieving its objectives of promoting and developing domestic manufacturing by recording approximately 57,600 manufacturing orders, while the value of contracts exceeded $15 billion. Organized by the Saudi Ministry of Defense in its fourth edition in Riyadh, the exhibition served as a platform for the exchange of global ideas and expertise, and was attended by 120,000 visitors … Read more

The Capital Market Authority Establishes Rules and Regulations for Employee Stock Programs in Joint-Stock Companies

Trading-min

Reading time: 2 Minutes The Capital Market Authority has unveiled regulations governing employee stock programs at joint-stock companies or those planning to go public. This comes in accordance with the regulations and rules governing the offering of securities and ongoing obligations in the capital market. The Authority confirmed that the total number of shares to be issued under the employee stock program in companies shall not exceed, at any time, 15% of the capital … Read more