Month: July 2019

Laden Investment Company holds its regular meeting and discusses the operational performance of its projects

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Real estate development

Reading time: 2 MinutesThe Board of Directors of Ladan Investment Company held its regular meeting, chaired by Abdullah bin Saad Al-Arifi, Chairman of the Board of Directors of Ladan Investment Company, to discuss the progress of the company’s projects and evaluate performance during the previous period.  The meeting, held at the Ladun Investment Company headquarters in Riyadh, was attended by Managing Director Engineer Nasser bin Saad Al-Arifi and CEO Sulaiman bin Abdulaziz … Read more

The Saudi Arabian Monetary Authority (SAMA) issues the fifth update of the rules for opening bank accounts and the general rules for their operation

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Reading time: 2 MinutesAs part of the Saudi Arabian Monetary Authority’s “SAMA” aimed at facilitating and regulating the procedures for opening and operating bank accounts for all bank customers, “SAMA” issued the fifth update to the rules for opening bank accounts and the general rules for their operation in commercial banks operating in the Kingdom of Saudi Arabia, (mortgage financing). The Authority clarified that this step is part of its ongoing efforts toward … Read more

Sharqiya Chamber signs a contract for the construction of the Chamber's investment tower project worth 335 million riyals

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Reading time: 2 MinutesWith a total cost of 335 million riyals, the Eastern Province Chamber of Commerce signed a contract last week to construct the Chamber’s investment tower. The project is being built next to its headquarters and overlooks Dammam Road – Al-Khobar News: The 31-story tower is expected to take 26 months to complete, (Al-Sharqia Real Estate). The Chamber’s Chairman, Abdulhakim bin Hamad Al-Ammar Al-Khalidi, explained … Read more

Dubai SME Forum Highlights Digital Accounting Solutions

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Dubai real estate

Reading time: 3 MinutesTally Solutions, a global leader in accounting and tax compliance software, hosted the SMB Pulse forum in Dubai last June as part of its ongoing efforts to help small and medium-sized enterprises (SMBs) to address challenges and focus on the critical factors that can improve their efficiency. The forum coincided with Global MSME Day, which is the most … Read more

The White Land Program announces the completion of the development of a 1.2 million-square-meter plot in Riyadh

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Residential plot

Reading time: 2 MinutesThe Ministry of Housing’s White Land Levy Program announced the completion of development by the owner of a 1,203,571-square-meter plot in Riyadh that was subject to the levy. and is expected to provide more than 2,060 residential plots after development, in line with the objectives of the White Land Fees program. The program clarified in a press release today that the fees do not apply when … Read more

Private Education Corners Exhibition kicks off on August 3 in Riyadh

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real estate

Reading time: 2 MinutesRateeb Exhibition and Conference Organizing Company announced the launch of the first edition of the Zawaia Private Education Exhibition, which will take place from – 3 Dhu al-Hijjah 1440 AH, corresponding to August 3–4, 2019, at the Al-Khuzama Hall for Events and Conferences in Riyadh (Real Estate). The exhibition’s executive director, Mr. Faisal Al-Hababi, stated that the Private Education Corners Exhibition is considered a one-of-a-kind event … Read more

Featuring six developer pavilions, the “Sakani Expo 2019 Asir” kicks off with the participation of 13 financial institutions

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Real Estate Financing

Reading time: 3 MinutesUnder the patronage of His Royal Highness Prince Turki bin Talal bin Abdulaziz, Governor of the Asir Region, the Ministry of Housing and the Real Estate Development Fund launched last Thursday the “Sakani Expo 2019 Asir,” which runs until Monday, July 8, at the King Fahd Cultural Center in Abha (real estate financing). The exhibition, which features more than 13 financing entities from … Read more

Engineer Nayef Abduljalil Bastaki writes an analytical overview of: Market Study Analysis

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Reading time: 3 MinutesThe target market is one of the most important components of modern business, which is based on striving to meet its needs and address its shortcomings. The market relies on a key component of commercial activity: the customer. Today, various companies and institutions strive to continuously satisfy the customer and fulfill their diverse needs. In this … Read more

Real Estate Fund injects SAR 561 million into the accounts of beneficiaries of subsidized mortgages and the military support initiative

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Real estate finance

Reading time: 2 MinutesLast June, the Real Estate Development Fund in Saudi Arabia deposited 561 million riyals into the accounts of beneficiaries of the «Sakani» program run by the Ministry of Housing and the Real Estate Development Fund, including 153 million riyals to support the profits from subsidized mortgage contracts, and 408 million riyals for beneficiaries of the Military Support Initiative. The Fund noted in a statement that the total amounts deposited into the accounts … Read more

Following the completion of a training course, the Ministry of Housing deploys more than 300 inspectors to assess the construction quality of prefabricated buildings

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Quality of construction

Reading time: 2 MinutesThe Ministry of Housing has deployed more than 300 inspectors since the launch of the ”Sustainable Construction” program last November, following the completion of a training course for construction quality inspectors to inspect prefabricated buildings, which was conducted by the program in Riyadh. The program aims to improve the quality and reliability of residential units in the housing sector. The four-day course included … Read more

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