Reading time: 3 MinutesThe National Commercial Bank (NCB) won the «Best Bank for Quick Remittance» award presented by Global Banking & Finance, specialized in financial and banking affairs, as part of the 2019 Best Banking Service Providers list organized in London. (Real Estate Finance) On this occasion, Omar Yassin, Executive Vice President of the bank, said that this award reflects the bank's leadership ... Read more
Reading time: 4 MinutesSaudi Arabia's construction sector has been boosted by four factors, including economic diversification, social reforms, general population demand and government projects, according to a new report. The report, prepared by Linesight, a construction cost specialist, revealed that the Kingdom leads the GCC with more than 5,000 projects worth more than US$1.6 trillion (about ... Read more
Reading time: 3 MinutesThe Saudi Arabian Monetary Authority (SAMA) has invited the public and interested parties to express their views and opinions on the draft (draft) licensing rules for activities supporting the financing activity, which was recently launched by the institution, which aims to regulate the licensing provisions for this type of companies and regulate their activity, according to the powers granted to the institution under the provisions of the Finance Companies Control Law and its executive regulations. (Real Estate Finance) ... Read more
Reading time: 2 MinutesSTC has won the MEF 2019 Award in the category of Best Service Provider in the Middle East in terms of excellence and innovation to provide telecommunications solutions that are in line with the trend of digital solutions globally. STC's General Manager of Business Applications, Jamal bin Ahmed Al Shehri, emphasized that the company's award for the best service provider with its reliance on advanced digital communication solutions on the one hand ... Read more
Reading time: 2 MinutesThe Ministry of Justice has launched an electronic inquiry service for citizens and residents about any declaration issued by them or for them, through notaries or notaries, through the “My Declarations” service in the e-justice services portal (Najiz). The ministry explained that the beneficiary can confirm and view all his declarations issued by notaries or notaries to ensure his rights, indicating that the service includes ... Read more
Reading time: 2 MinutesThe capital of Alinmaa Bank increased to SAR 20 billion, with an increase of 33.3%, in order to enhance the bank's resources, which contributes to achieving good growth rates, and the Saudi Stock Exchange published the Board of Directors' decision issued on 17 Rabiul Thani 1441H corresponding to December 14, 2019 to recommend to the Extraordinary General Assembly of the bank to increase the capital by capitalizing part of the ... Read more
Reading time: 3 MinutesThe Human Resources Development Fund (Hadaf) revealed that the value of the projects offered on the “Forsa” platform of the Nine Tenths Program exceeded SR 416 million, while the number of registered establishments on the platform increased to 8645 establishments. (The Nine Tenths program, which was launched in August 2016, aims to support entrepreneurship and small and medium-sized enterprises (SMEs) through a package ... Read more
Reading time: 4 MinutesThe Ministry of Housing, represented by the “Residential” program, revealed that 40,222 families benefited during last November, including 14,575 families who lived in their homes, bringing the total number of families who benefited from all housing and financing options and solutions provided by the program since the beginning of this year until last November 248,263 families, including 84,968 families who lived in their homes, while other beneficiary families preferred ... Read more
Reading time: 3 MinutesThe Department of Lands and Properties (DLD) has highlighted the progress it has made during its journey to support the operations of co-ownership property management companies in the emirate, revealing that it helps these companies perform their tasks, which reflects positively on the residents and provides various facilities and services that ensure their comfort and happiness. This came during her participation in the Middle East Owners Association Managers Conference 2019, which was attended by delegates ... Read more
Reading time: 3 MinutesDr. Walid Al-Samaani, Minister of Justice and President of the Supreme Judicial Council, revealed that the execution documents that will be included in the “Nafez” platform in its first phase include individuals“ bonds, international judgments, court judgments and decisions, reconciliation minutes, commercial papers, ”deed to order”, arbitrators“ rulings, in addition to notarized contracts. (Real Estate) He explained that the platform aims to reduce burdens, as the review of the "deed of ... Read more
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