IPS showcases Egypt's real estate investment opportunities in Riyadh
Reading time: 2 MinutesAmbassador Ahmed Farouk: Egypt has all the factors that attract investment, foremost among them the real estate sector
Month: December 2019
Ministry of Housing says goodbye to 2019 with 300,000 families who benefited from housing and financing
Reading time: 3 MinutesThe Ministry of Housing achieved numerous and diverse accomplishments in 2019, and ministry statistics indicate that 106,000 families actually moved into their homes this year, while 165,000 families received support and mortgage financing, and 90,000 families received free land, This was announced recently by Minister of Housing Majid bin Abdullah Al-Hogail during the «2020 Budget Forum,» where he emphasized that … Read more
Developed its website... Amlak surveys: 80 % investors are decimated by real estate built with financing and not rented out
Reading time: < 1 MinuteA large segment of businesspeople and investors confirmed that the type of real estate that most often ruins investments and causes headaches for business owners is «property built with financing but not currently leased.» This was confirmed by 80% during a survey conducted by “Amlak Newspaper” on its official Twitter account, asking the question, “In your opinion, which type of property is the most detrimental to investors?” The option “existing property that is not rented out” received 11% of … Read more
Bank news in issue 186 of Amlak Real Estate Newspaper
Reading time: 3 MinutesBanking news from Issue 186 of Amlak Real Estate Newspaper (Mortgage Financing). Al-Inmaa Bank Increases Its Capital to 20 Billion Riyals Al-Inmaa Bank’s capital has risen to 20 billion riyals, an increase of 33.31%, thereby strengthening the bank’s resources and contributing to achieving good growth rates. The Saudi Stock Exchange published the Board of Directors’ resolution issued … Read more
The General Authority for Small and Medium Enterprises (Monsha'at) launches new products through the Financing Guarantee Program
Reading time: < 1 MinuteThe General Authority for Small and Medium Enterprises (Monsha'at) plans to launch new products that meet market needs through the SME Financing Guarantee Program, following the transfer of the Kafala Program’s operations to the Authority. (Real Estate Financing) This was revealed by Eng. Saleh Al-Rashid, Governor of the Authority, who explained that the program, whose establishment was approved by the Council of Ministers, will encompass all activities of the Kafala program, … Read more
Editor-in-Chief Abdulaziz Al-Essa writes: Aramco and Real Estate
Reading time: 3 MinutesThe Aramco IPO easily attracted 90% subscribers, particularly from the small and medium-sized investor segments. Subscribers were briefed on the subscription rules and provided with answers to questions submitted to the company, particularly regarding (refunds from the Saudi Aramco IPO). (Real Estate) With the success of this offering, the dream of a refund has evaporated, as all shares requested by investors will be allocated to them, as well as the amount… Read more
Governor of the Real Estate Authority: The comprehensive strategy for the real estate sector launched 45 initiatives to achieve organizational and development goals
Reading time: 2 MinutesIssam bin Hamad Al-Mubarak, Governor of the General Real Estate Authority, revealed that the comprehensive strategy for the real estate sector includes the launch of 45 initiatives aimed at achieving a set of objectives to regulate and develop the real estate sector, improve its efficiency, facilitate sustainability, build capacity, and raise the standard of services provided toin this vital sector, which is considered a key pillar of the national economy. (Real Estate Development). This announcement came during the proceedings of … Read more
Amendment includes registration of real estate within the authority King Salman issues a royal decree amending the organization of the Economic Cities Authority
Reading time: 10 MinutesKing Salman bin Abdulaziz—may God protect him—issued a royal decree amending the name of the Economic Cities Authority to the Authority for Economic Cities and Special Economic Zones, The royal decree includes an amendment to the definition of “developer” as a legal entity entrusted—pursuant to a special agreement concluded by the Authority with it regarding the special economic cities and zones under its jurisdiction, or the relevant authority regarding … Read more
International Building and Interior Design Exhibition “SIDEX” kicks off in Dhahran with the participation of 100 specialized companies
Reading time: 2 MinutesWith the participation of more than 100 companies, the Saudi International Exhibition for Construction and Interior Design (SIDEX) kicked off in Dhahran last Sunday, December 15, and will continue through Saturday, December 21, at the Dhahran International Exhibition Center. (Real Estate Exhibition). Participating companies offer a wide range of construction services and building solutions, providing investment opportunities all under one roof. It is considered … Read more
National Commercial Bank and Riyad Bank shelve merger idea
Reading time: 2 MinutesThe boards of directors of both Al-Ahli Commercial Bank and Riyad Bank have agreed to conclude preliminary discussions and set aside the idea of a merger between the two banks. The Board of Directors of Riyad Bank stated in a press release that it has a strategic vision that will enable it to continue developing its products and technical services for customers, shareholders, and employees. For its part, the Board of Directors of the National Commercial Bank reaffirmed its commitment to achieving … Read more
