Reading time: < 1 MinuteArqaam Capital maintained its «Buy» rating on Saudi Reinsurance Company (Saudi Re), and raised its target price to 11 riyals, while adding «Eada» to its list of top picks in the Saudi insurance sector. In a recent report, Arqaam Capital explained that the key drivers of the stock’s growth are the continued improvement in … Read more
Reading time: < 1 MinuteHis Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of the Riyadh Region, stressed the need to complete housing and service projects, emphasizing that he would not accept any invitation to inaugurate a project until all phases of its implementation had been completed, This came during his recent inspection visit to Al-Mazahmiyah Governorate, where he chaired a meeting of the municipal and local council and discussed issues related to the needs of the governorate’s residents and the improvement of services provided … Read more
Reading time: < 1 MinuteThe Real Estate Contribution Committee “Tasfiya” announced the issuance of a royal decree approving the issuance of a land contribution deed for land east of the town of Anq in the Eastern Province. The committee revealed on its official Twitter account that 30% of the land had been allocated to the contributors.
Reading time: < 1 MinuteAl-Tharwa Real Estate has completed its preparations to hold a major real estate auction next February to sell a number of significant and diverse properties in several neighborhoods of Riyadh, including Al-Janadriyah, Shubra, Al-Washm, and Al-Ha’ir. At the auction, Al-Tharwa Real Estate will offer a plot of land in Al-Janadriyah with an area of 144,983 square meters, located north of Dammam Road and bordered on the east by … Read more
Reading time: 2 MinutesHe calls for the inclusion of human resources development in the Kingdom's Vision 2030 programs.
Reading time: < 1 MinuteThe Saudi Real Estate Refinancing Company announced the purchase of a real estate financing portfolio worth 250 million Saudi riyals from Al-Jazira Bank, This comes under a memorandum of understanding signed by both parties that allows for the purchase of additional mortgage portfolios from the bank in the future, and is considered an important step in helping citizens become homeowners. Through this purchase, the Saudi Real Estate Refinancing Company aims to … Read more
Reading time: < 1 MinuteAl Rajhi Bank was awarded first place as the Best Mortgage Lender at the 2020 Ministry of Housing Forum, which was recently held under the theme “A Vision Realized.” Majed Al-Hogail, Minister of Housing, presented the award to Fahad Al-Araf, Assistant General Manager of the Bank’s Retail Banking Group. The bank expressed its appreciation to the Ministry of Housing for this honor, which establishes it as a distinguished and steadfast partner in achieving the Ministry’s goals, which stem from the objectives of … Read more
Reading time: < 1 MinuteHousing Minister Majed Al-Hogail honored Al-Ahli Bank as a partner in the achievements of the «Realizing the Nation’s Vision» initiative, during the Ministry of Housing forum held under the theme “A Vision Realized,” recognizing it as one of the best real estate financiers and offering one of the best mortgage programs in the Kingdom. For his part, Khalid Al-Ghalib, Senior Deputy CEO and Head of Retail Banking at Al-Ahli Bank, expressed his appreciation for the bank’s recognition, affirming … Read more
Reading time: < 1 MinuteThe Ministry of Culture and the Jeddah Municipality have launched a project to inventory properties located in Historic Jeddah with the aim of developing them and transforming them into a tourist and cultural destination. In a statement, the Secretariat called on property owners in the historic Jeddah area of Al-Balad to apply to the Historic Jeddah Municipality in Al-Balad and submit copies of deeds or documents proving ownership of the property, while urging the owners of the aforementioned properties … Read more
Reading time: < 1 MinuteThe Real Estate Contributions Committee all shareholders in the Qatif Beach real estate investment—belonging to Rashid Al-Rashid, Saeed Al-Mahrous, and their partners—to visit the Arab Bank website, fill out the investment form, and go to the nearest Arab Bank branch. The committee noted that the required documents are proof of identity, the contribution certificate, and the bank account number, and that this must be done within 60 days of the date of the first announcement that … Read more
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