Month: October 2019

Banks and finance companies inject SAR 40.7 billion worth of loans since the beginning of the year

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Real Estate Index - Riyadh City

Reading time: 3 MinutesMortgage loans provided to individuals and businesses by local banks and financial institutions continued to grow; reaching more than 281 billion riyals during the second quarter of this year, compared to 232 billion riyals in the corresponding quarter of 2018, an increase of 48.9 billion riyals annually, representing a 21.1% increase. Banks disburse 93.71% of loans, according to statistical data released by … Read more

The National Bank for Real Estate Finance exhibition in Jeddah offers under-construction units

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Real Estate Financing

Reading time: 3 MinutesTakaful property insurance covers damage and loss, with the participation of major companies and real estate developers in the Kingdom. The Acting General Supervisor of the Real Estate Development Fund, Mr. Mansour bin Madi, the 2019 National Bank of Saudi Arabia Real Estate Finance Exhibition, which kicked off at the «Red Sea Mall» complex in Jeddah last Thursday, October 17. The General Supervisor of the Real Estate Development Fund also witnessed … Read more

Honored by the Minister of Labor. Bank Al Jazira allocates 10 million riyals to support and finance productive family projects

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Real Estate Financing

Reading time: 2 MinutesAl-Jazira Bank signed a partnership renewal agreement to finance a loan portfolio of 10,000,000 riyals to support and finance projects for productive families as «interest-free loans» in collaboration with the Center for Building Productive Families «Jana,» This took place on the sidelines of an event where His Excellency the Minister of Labor and Social Development, Engineer Ahmed Al-Rajhi, honored Al-Jazira Bank—represented by His Excellency the CEO and Managing Director, Mr. Nabil bin Dawood Al-Hoshan—as one of the center’s key partners… Read more

With more than 380 companies from 34 countries, Riyadh will host the Saudi Agricultural Exhibition on October 21

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Reading time: 2 MinutesWith the participation of more than 380 companies from 34 countries, the Riyadh Exhibition and Convention Center will host the Saudi Agri-Expo 2019 starting tomorrow, Monday, October 21, and continuing through October 24. The event is supported by the Ministry of Agriculture, The exhibition is being held concurrently with the Saudi Aquaculture Exhibition, the Saudi Food Packaging Exhibition, and the Saudi Organic Food Exhibition. (Funding) It is considered … Read more

Riyad Bank offers exclusive offers and banking solutions at “Riyadh Season”

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Reading time: 2 MinutesRiyad Bank is a sponsor of the “Riyadh Season,” which kicked off on October 11 and runs through mid-December, organized and supervised by the General Entertainment Authority. The season features a wide range of diverse events combining cultural, social, and entertainment activities. (Mortgage Financing). Riyad Bank has six locations through which it offers a wide range of … Read more

278 media platforms in 14 countries 2.8 million visitors in Taif season and 70% hotel occupancy rate

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Hotels

Reading time: 3 MinutesHotel occupancy rates in Taif this season exceeded 70%, with the season creating more than 15,000 seasonal jobs, and training 1,521 male and female residents of Taif through 21 training courses, while providing investment opportunities for entrepreneurs, small and medium-sized enterprises, and supporting artisans, creators, and productive families. This was announced during a special ceremony that … Read more

“Residential Program” offers special services to employees of the Ministry of Justice and organizes a special exhibition of the Ministry's buildings

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Reading time: 2 MinutesHis Excellency the Minister of Housing, Mr. Majid bin Abdullah Al-Hogail, and His Excellency the Minister of Justice, Sheikh Dr. Walid bin Mohammed Al-Samaani, signed a cooperation agreement last Thursday at the General Real Estate Authority headquarters in Riyadh between the Ministry of Justice and the “Sakani” program, under which the program will provide housing services to Ministry of Justice employees, including beneficiaries listed on the Ministry of Housing and Real Estate Development Fund’s lists, and that … Read more

Launched by the General Authority for Real Estate The Saudi Real Estate Arbitration Center operates as an accredited reconciliation center after linking electronically with “Justice” and ”Housing”

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real estate

Reading time: 2 MinutesThe General Real Estate Authority launched the Saudi Real Estate Arbitration Center on Thursday, in the presence of His Excellency the Minister of Justice, His Eminence Sheikh Dr. Walid bin Mohammed Al-Samaani, and His Excellency the Minister of Housing and Chairman of the Authority’s Board of Directors, Mr. Majid bin Abdullah Al-Hogail. The launch also included the establishment of a link between the Center and the Ministry of Justice for the electronic filing of arbitration awards, in addition to an electronic link with the Reconciliation Center at the Ministry … Read more

Spotlight at the Saudi Construction Exhibition 2019 College of Technology students in the hospitality of Amlak Newspaper

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Training course

Reading time: 2 MinutesThrough its participation in the Saudi Construction Exhibition 2019, Amlak newspaper managed to steal the spotlight for its outstanding coverage—achieved through the specialized sponsorship with which Amlak supported the Saudi Construction Exhibition. The newspaper focused on providing marketing consulting services to companies, offering its clients all its expertise and specialized media platforms to reach their target audiences and achieve their goals. (Training Course) And during … Read more

Housing loans increased the percentage of sales. 234 thousand real estate transactions in 9 months worth 132.9 billion riyals

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Real estate deals

Reading time: 3 MinutesThe real estate market saw a significant increase during the first nine months of this year, with the total value of real estate transactions rising by 37.1 percent, reaching 132.9 billion riyals by the end of the period, compared to approximately 97.0 billion riyals during the same period last year. Observers attributed this increase to loans granted by banks and institutions, as well as housing subsidies, which amounted to … Read more

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