Month: September 2018

The Success of Saudi Personnel in Managing Activities Covered by the Saudization Decision

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Reading time: < 1 MinuteSaudi nationals have successfully taken the helm in the four most recent sectors covered by the Saudization decision, which took effect at the beginning of the current month of Muharram. These sectors include (retail outlets, car and motorcycle dealerships, stores selling ready-to-wear clothing, children’s clothing, and men’s accessories, ready-made home and office furniture stores, and household goods stores). The chairman of the Saudi Labor Market Committee at the Council of Saudi Chambers, Engineer Mansour Al-Shathri, confirmed … Read more

The buyer bears 7.5 % of the property value Tweet Amlak newspaper corrects the perception of real estate. Zakat and Income confirms: The seller is responsible for supplying the 1.5TP3T to the Authority

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Furniture industry

Reading time: < 1 MinuteA tweet posted by the real estate newspaper Amlak on its official Twitter account sparked widespread debate in real estate circles and on social media; it revealed that the concept of value-added tax (VAT) on real estate and how it is collected remains unclear to many working in the real estate sector. «Amlak» had posted the tweet as part of its approach to conveying information to businesspeople and explaining regulations in a simple and straightforward manner, summarizing that the seller … Read more

It was well organized, relaxed and free of protocols... Riyadh Chamber's annual businessmen's banquet was well organized and relaxed. And everyone is optimistic

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Riyadh Chamber's Annual Business Community Reception

Reading time: 2 MinutesWith the participation of a large number of officials and representatives of diplomatic missions, the Riyadh Chamber of Commerce organized its annual Businessmen’s Gala last Wednesday evening, attended by a notable gathering of financiers, business leaders, investors, and community leaders representing both the public and private sectors. A strong sense of commitment to attendance characterized the event, which the Chamber has traditionally organized annually for more than thirty years to bring together finance, business, and camaraderie in one place… Read more

“Etiqan Real Estate Conglomerate begins selling Maan Al Sanea and Saad properties in Dammam and Khobar

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Reading time: < 1 MinuteThe Itqan Real Estate Consortium, the entity responsible for conducting auctions and selling seized properties, Ma'an Abdulwahid Al-Sanea, and Saad Trading and Investment Company announced the start of the sale of a group of properties (land and income-generating properties), according to an announcement issued by the consortium and posted online. The sales will take place in Al-Khobar and include: the King Abdulaziz buildings, the Al-Aziziyah farmland, and the tennis court land in Al-Hizam… Read more

In partnership with “Itqan Real Estate,” “Auctions of the Estate of Saleh Al-Rajhi” announces the sale of the Al-Ghadir land lot at its 10th auction on October 6

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real estate

Reading time: < 1 MinuteThe Liquidation Council for the real estate estate of Sheikh Saleh Al-Rajhi, may God have mercy on him, and Itqan Real Estate Company, the exclusive marketer of the estate, announced the organization of the tenth public auction for the Al-Ghadir land on Saturday, October 6, at the Raffles Kempinski Hotel in Riyadh, with the auction scheduled to begin at 5:00 p.m. On this occasion, “Itqan” and the ”Liquidation Council” have invited businesspeople and real estate professionals to attend the event… Read more

Blockchain-enabled solutions... Saudi British Bank (SABB) joins global software company alliance

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Online Data Update - SAP - Online Data Update - Global Trade

Reading time: < 1 MinuteThe Saudi British Bank (SABB) has joined the R3, a global blockchain software consortium. SABB is the first bank in the Kingdom of Saudi Arabia to join this initiative; SABB is a leader in providing value-added digital solutions to its customers, and this is another step in that direction. On this occasion, Mr. David Dew, a member … Read more

Alinmaa Bank introduces Mada NFC for ATM banking

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Real Estate Finance - Mortgage Loans

Reading time: < 1 MinuteAl-Inmaa Bank has launched a cash withdrawal service using the Mada Ather NFC service, which allows customers to swipe their cards at ATMs in select locations, Allowing Al-Inmaa Bank customers to make cash withdrawals without having to insert their card into the card reader, using Near Field Communication (NFC) technology. On this occasion, Al-Inmaa Bank’s CEO, Mr. Abdulmohsen bin … Read more

Riyadh Chamber organizes the annual ceremony for businessmen on Wednesday evening at the Conference and Exhibition Center

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Reading time: < 1 MinuteIn the presence of a number of ministers and senior officials from the government and private sectors, as well as heads and representatives of Arab, Islamic, and foreign diplomatic missions, the Riyadh Chamber of Commerce is organizing its annual business gala this evening, Wednesday, September 19, 2018, at the Riyadh International Convention and Exhibition Center. The gala coincides with the resumption of business activities following the end of the summer break. On this occasion, the Chairman of the Board of Directors of the Chamber … Read more

Riyadh Chamber congratulates Hamad Al-Shuwayer on his appointment as a member of the Board of Directors of the General Real Estate Authority

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Reading time: < 1 MinuteThe Riyadh Chamber of Commerce and Industry congratulated Mr. Hamad bin Ali Al-Shuwaier, Vice Chairman of the Chamber’s Board of Directors, on his appointment—by a decision of the Council of Ministers—as a member of the Board of Directors of the General Real Estate Authority. In a tweet posted yesterday on its official account, the Chamber stated: (The Chairman, members of the Board of Directors, and the General Secretariat of the Riyadh Chamber of Commerce and Industry congratulate Vice Chairman Mr. Hamad Al-Shuwaier on the issuance of the Council’s decision … Read more

Hamad Al-Shuwaier Ehsan Bafaqeeh and Saeed Al-Ghamdi. Cabinet appoints three from the private sector to the board of directors of the Public Authority for Real Estate

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Reading time: < 1 MinuteDuring its meeting held yesterday, the Council approved the appointment of three representatives from the private real estate sector as members of the Board of Directors of the General Real Estate Authority: Hamad bin Ali Al-Shuwaier, Ihsan bin Abbas Bafqih, and Saeed bin Mohammed Al-Ghamdi, for a term of three years.  

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