Reading time: 2 MinutesDuring the first half of 2019, Saudi Aramco reported net income of $46.9 billion, compared to $53.0 billion for the same period last year. Earnings before interest and taxes (EBIT) for the first half of this year reached $92.5 billion, compared to $101.3 billion for the same period last year, while free cash flow reached … Read more
Reading time: 2 MinutesThe Ministry of Housing’s “Sakani” program announced the addition of nine new housing plans via its online portal, offering 11,322 free plots of land, as part of the housing plans for land that the program continues to offer through the portal on a monthly basis, allowing beneficiaries to choose the housing plan that suits them best. The program invites beneficiaries interested in obtaining free land to visit its website. It also noted … Read more
Reading time: 3 Minutes The Ministry of Housing’s “Sakani” program has handed over a number of ready-to-move-in villas in several of the Ministry’s projects across the Kingdom. Deliveries continued throughout July in 25 projects spread across 10 regions of the Kingdom, Delivery procedures were completed after beneficiaries finalized their reservations and signed the final contract… Sakani Projects… Projects in the Riyadh region, and the program explained… Read more
Reading time: 2 Minutes The Saudi General Customs Authority has enhanced the efficiency of its facilities through increased cooperation with relevant agencies, signing a memorandum of understanding with the National Program for Supporting Project Management in Public Agencies (“Mashroat”), the government’s enabling arm for supporting infrastructure projects. This is aimed at providing technical support to improve the efficiency of facility and asset management within Customs’ operations and maintenance portfolio, which includes 19 … Read more
Reading time: 2 MinutesThe Real Estate Development Fund is offering its online services to citizens during the Eid al-Adha holiday, as part of its commitment to providing the highest level of service to citizens and ensuring that their financing procedures are completed with ease and convenience. The Fund’s official spokesperson, Hamoud Al-Osaimi, explained that “during the Eid al-Adha holiday, citizens can access more than 30 e-services through the Fund’s website,” noting that … Read more
Reading time: 2 Minutes Today, the Saudi stock market saw approximately 24 private transactions totaling around 11.71 million riyals, involving some 572.79 million shares traded across 24 companies listed on the main market. Meanwhile, shares of four petrochemical companies listed on the Saudi market hit lows, reaching their lowest levels in a year. These declines come against the backdrop of financial results … Read more
Reading time: 2 Minutes The Saudi Arabian Monetary Authority (SAMA) confirmed the success of two pilot programs: remote bank account opening for individuals and remote Know Your Customer (KYC) data updates, conducted within the regulatory for the market of innovative financial services and products in the Kingdom, with the participation of 12 banks operating in the local market. The Authority explained that with the completion of this step and following the implementation of … Read more
Reading time: 2 Minutes The local real estate market concluded the month of July with a monthly increase of 114.1% in the total value of transactions compared to June, The total value of real estate transactions in July stood at 18.3 billion riyals, compared to 8.6 billion riyals in the previous month. According to the latest economic reports, the increase included … Read more
Reading time: 2 MinutesThe Real Estate Development Fund continued its support for mortgage loans, depositing more than one billion riyals into the accounts of beneficiaries of the “Sakani” program from the Ministry of Housing and the Real Estate Fund for the month of July, including 160.5 million riyals to support profits from subsidized mortgage financing contracts, in addition to 865.9 million riyals for beneficiaries of the mortgage loan support initiative for military personnel…. The subsidized loan.. Khalid Al-Amoudi, the supervisor … Read more
Reading time: 2 MinutesThe General Real Estate Authority announced the launch of an online platform to provide data on average real estate prices in Saudi Arabia, drawing its information from actual real estate transactions in a number of neighborhoods, cities, and regions across the Kingdom. The General Real Estate Authority stated that it has launched the platform on a trial basis to test it with a number of experts, and will make it available to citizens, all beneficiaries, and interested parties once it is fully operational. The Authority explained … Read more
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