Month: December 2019

Ministry of Housing launches “Sakany” app and new online platform on smart devices

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Real estate financing - financing - free land - residential schemes - housing schemes - housing finance - real estate financing - residential land

Reading time: 2 MinutesThe Ministry of Housing, represented by the Sakani program, has launched a new electronic platform on the website (sakani.housing.sa), in addition to the “Sakani” application for smart devices, where the new platform provides a number of services and facilities that will enable beneficiaries to obtain the housing option compatible with their desires and abilities easily and conveniently. (Real estate financing). Among the most prominent services that ... Read more

Mortgage loans to individuals jump to SR9.2 billion in October

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Raising real estate financing

Reading time: 2 MinutesReal estate loans provided to individuals in Saudi Arabia during last October reached a record high, reaching 21 thousand real estate financing supported by government programs, reaching the barrier of 9.2 billion riyals, and the statistics of the Saudi Arabian Monetary Agency “SAMA” indicated that the increase in loans amounted to 250% on an annual basis. Real estate loans supported by government programs in partnership ... Read more

“SAMA invites interested parties to comment on the draft payments system to enhance transparency

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Real Estate Financing

Reading time: 2 MinutesThe Arab Monetary Authority (SAMA) has released a draft of the Kingdom's payments and services system for interested parties to comment on the draft. SAMA is competent to operate, monitor and supervise the payment and financial settlement systems and services in the Kingdom, in addition to its authority to issue rules, instructions and licenses in this regard. (Real Estate Finance). The institution ... Read more

Riyadh to host the first edition of the International Real Estate Exhibition “ips” on December 12

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Real Estate Investment - Real Estate Exhibition

Reading time: 2 MinutesWith the participation of 12 real estate developers from the Arab Republic of Egypt, the first edition of the International Real Estate Exhibition “ips” will be held in Riyadh from 12 to 14 December at the Fairmont Hotel in Riyadh, organized by the UAE's Al-Estrategy Company, under the patronage of Dr. Assem Al-Jazzar, Minister of Housing, Utilities and Urban Communities, under the patronage of the Minister of Housing, Utilities and Urban Communities. (Real estate investment) The companies offer a variety of urban projects ... Read more

Saudi British Bank (SABB) provides feedback at Saudi Trade Finance Summit

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SABB - Real Estate Finance

Reading time: 2 MinutesThe Saudi British Bank (SABB) participated in the seventh annual Saudi Trade Finance Summit in the presence of a group of decision makers, senior experts, specialists and leaders in the trade finance sector from various government and commercial organizations. (Real estate finance). In its participation, SABB presented solutions and exchanged ideas to develop trade finance tools during the summit sessions, and discussed laws, strategies and trends ... Read more

Gulf Real Estate REIT secures SAR 300 million financing

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Gulf Real Estate REIT

Reading time: 2 MinutesThe Gulf Real Estate Ownership Fund REIT has received an additional banking facility of SAR 300 million from Bank Albilad, for a period of 5 years. ( Real Estate ) In this regard, Mulkia Investment Company said in a statement that the fund's goal of obtaining additional financing is to finance the expansion plan of “Mulkia REIT” through the acquisition of real estate ... Read more

Ease of Doing Business Initiatives grants 9 instant visas to full-time business owners

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Investment

Reading time: 2 MinutesThe number of enterprises benefiting from the initiative to recover government fees reached about 7.50 thousand small and medium enterprises, with a total refund of about 691 million riyals in 26,721 operations, revealed Saleh Al-Rasheed, Governor of the General Authority for Small and Medium Enterprises (Monshaat), during the roundtable meeting organized by the Riyadh Chamber, recently ... (Investment) Al-Rasheed explained that the Authority has established ... Read more

The Real Estate Contributions Committee “Tasfeeha” recovers 6.6 billion. And disbursed 316 million riyals to shareholders last November

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Real Estate Contributions - Real Estate Contributions - Real Estate

Reading time: 2 MinutesThe Real Estate Contributions Committee “Tasfeeha” revealed that it has recovered nearly 6.6 billion riyals after liquidating a large number of troubled real estate contributions in various regions of the Kingdom since its establishment, and Tasfeeha explained that it started last November to disburse 316 million riyals; for a number of shareholders in the regions of Riyadh and Makkah Al-Mukarramah. (Real Estate Contributions) Tasfeeqa said on ... Read more

Minister of Housing on the fifth anniversary of the Pledge of Allegiance: Achievements over the past years are an indication of the success of Vision 2030

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Accreditation of the Saudi Housing Guarantee Company

Reading time: 3 MinutesMinister of Housing Majid bin Abdullah Al-Hogail stressed that the Kingdom of Saudi Arabia is witnessing giant developmental and civilizational leaps in all fields during the reign of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may God protect him - placing it among the developed countries of the world. (On the occasion of the fifth anniversary of King Salman's assumption of the reins of government in ... Read more

Residential program offers more than 14,000 options including free land and residential units

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Free land

Reading time: 2 MinutesSince its adoption in 2017, the Residential Program has provided citizens of Al-Jouf region with housing and financing options and free lands that exceeded about 14 thousand options, including free lands and residential units, in addition to subsidized real estate loans that allow the possibility of buying ready-made housing units from the market, and self-construction. (Free lands) This came during a meeting with His Royal Highness Prince Faisal bin ... Read more

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