Month: April 2019

“Al Safo Real Estate Marketing Company finishes the auction of ”Dammam Lands“ worth 50 million riyals. Today, it offers 27 properties at the Movimpek Hotel in Riyadh

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Reading time: 2 MinutesLast Monday, Al Safo Real Estate Marketing Company Ltd. successfully completed the sale of a number of vital properties in the public auction it organized in the city of Dammam. The properties sold included 4 large residential plots of 40,000 square meters and another land of 7,000 square meters with a total value of 50 million riyals. On this occasion, the company's General Manager, Mr. ... Read more

Bank Albilad supports the National Housing Company's initiatives and plans to stimulate and increase housing supply

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Residential real estate

Reading time: 3 MinutesBank Albilad has signed a partnership agreement with the National Housing Company to support the company's current and future initiatives, ideas and plans, in addition to stimulating and increasing the supply of housing and providing residential properties and services to those entitled to them, through which the initiatives related to the housing sector are promoted in line with the Kingdom's Vision 2030. The signing of this agreement comes as an extension of Bank Albilad's active presence in the finance sector. Read more

Riyad Bank appoints Tariq Alsadhan as CEO. Al Mubarak to oversee merger with Al Ahli“

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Riyad Bank

Reading time: 2 MinutesRiyad Bank announced the decision of its Board of Directors to appoint Tariq bin Abdulrahman Al-Sadhan as Chief Executive Officer of the bank effective 01/04/2019, succeeding Abdulmajeed bin Abdullah Al-Mubarak, who submitted his resignation effective from the end of business on 31/03/2019, the Board of Directors thanked Al-Mubarak for his efforts and service to the bank for more than 25 years. In light of the bank's recent announcement that it is considering a merger with ... Read more

Hamad Mohammed Almoosa Real Estate Investment and Development Company launches Al-Fal scheme in Jeddah on Tuesday

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Residential-Commercial Scheme

Reading time: 2 MinutesHamad Mohammed Almoosa Company for Real Estate Investment and Development has completed its arrangements for the launch of the residential and commercial Alval Land scheme in Jeddah, and the launch of the sales center on Tuesday afternoon, April 2, 2019, and the area of the scheme is one million square meters and is surrounded by a number of important and vital main roads such as Prince Abdul Majeed Road and Transcontinental Road, and is characterized by its proximity to the Medina Road ... Read more

Al Baradi Real Estate and Auctions Foundation is auctioning off 14 distinctive properties in East Riyadh today

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Commercial Auction - Investment Website

Reading time: 2 MinutesAl-Baradi Real Estate and Auctions has announced that it will offer 14 distinctive properties in East Riyadh in the public auction that will be held after the afternoon prayer today, Tuesday, at Al-Rayyan Hall for celebrations on Khurais Road, where “Al-Baradi” has completed its arrangements to receive businessmen, investors and commercial companies to attend a distinguished real estate auction that meets various investment desires. On this occasion, Mohammed bin Abdullah Al Baradi ... Read more

Itqan Real Estate Auctioning Al Rayyan Plan in Makkah on April 13

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Makkah Real Estate - Commercial Residential Scheme

Reading time: 3 MinutesItqan Real Estate Company has completed its readiness for the launch of the Al Rayyan plan in Makkah on Saturday afternoon, April 13, at the Casablanca Hall in Al-Mu'asim, and the plan is located on the fourth ring road leading to Jeddah and Taif, and close to King Faisal Road, which reaches the Makkah Haram, and Al Hajj Road, one of the main streets in Makkah... Read more

9,736 new financing contracts signed in February worth more than 4.6 billion riyals

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Real estate loans

Reading time: 3 MinutesLast February witnessed the signing of 9736 new financing contracts worth more than 4.6 billion riyals, compared to 3143 financing contracts worth 2.079 billion riyals from the same month last year, all provided by banks and financing companies, and the Saudi Arabian Monetary Agency showed during the statistics of real estate loans provided to individuals that the loans made a big jump, as the growth exceeded 3 ... Read more

Profits of listed real estate companies rise to 752 million riyals in 2018

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Public Investment Fund Earnings - REITs

Reading time: 3 MinutesThe profits of the eight real estate companies listed on the stock markets at the end of 2018 jumped to 752 million riyals, up 25% from the profits of the same companies in the previous year 2017, which were 602 million riyals. Profits declined in the fourth quarter of 2018, in contrast, the profits of the 8 real estate development companies (where Makkah was excluded due to the difference in the fiscal year ... Read more

25 million riyals from the proceeds of “white fees” to implement infrastructure in the North Riyadh housing project

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Housing projects

Reading time: 2 MinutesThe Ministry of Housing's “White Land Fees” program continued to pump fee funds to prepare housing projects, as it disbursed SAR 25 million to complete the first phase of the implementation and delivery of infrastructure services in the North Riyadh housing project located on the Ministry's land west of the airport from the connection of electricity, water and sewage services, and the system indicated that this amount represents part of the ... Read more

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