The Capital Market Authority Allows Listed Companies to Use the Fair Value Model or Revalue Real Estate

Public Investment Fund Earnings - REITs

Reading time: 3 MinutesThe Saudi Capital Market Authority has allowed listed companies to use either the fair value or revaluation model to measure real estate, and investment properties effective January 1, 2022, while companies remain required to use the cost model to measure machinery, equipment, and intangible assets. In a statement published on the website of the Saudi Capital Market Authority “Tadawul,” the Authority stated that this authorization comes … Read more

Real Estate Development Fund finalizes its lists by announcing the service of 90 thousand Saudi families

Real Estate Finance - Mortgage Loan

Reading time: < 1 MinuteThe Real Estate Development Fund plans to announce its approval to serve 90,000 Saudi families, representing the final batch of the 500,000 families registered on its waiting lists. The Real Estate Fund has financed more than 200,000 families through the “Subsidized Financing” program, with a total value exceeding 90 billion riyals. The Fund has been able to reach more than … Read more

GFH Real Estate Delivers 150 Residential Units and Completes Work on a Residential Tower

GFH Real Estate Company

Reading time: < 1 MinuteGFH Real Estate Delivers 150 Residential Units and Completes Work on a Residential Tower GFH Real Estate has delivered 150 residential units—comprising one-, two-, and three-bedroom units—to owners from Bahrain, the Gulf, and other countries, after obtaining all necessary approvals from various government agencies. The company had previously announced … Read more

“Saudi Fransi Capital makes semi-annual valuation reports available for Bonyan REIT properties”

Saudi Fransi Capital

Reading time: 2 MinutesSaudi Fransees Capital announced the availability of the semi-annual valuation reports for the properties of the Bonyan REIT for the second half of 2019, prepared by independent appraisers licensed by the Saudi Authority for Accredited Appraisers: Valustrat and Tathmeen. Saudi Fransi Capital invited those interested in obtaining a copy of the reports to visit the company’s website. Saudi Fransi Capital also announced … Read more

Mohammed Abdulaziz Al-Babtain writes for *Amlak* newspaper: “Beware of seeking—the commission belongs to those who seek it”

Mohammed Al-Babtain

 

So try to pay the full commission to those who are entitled to it.

It is worth noting that those who try so hard to get a cut of the commission have not benefited  From their real estate!!! Some of them sold at a loss, while others were unable to benefit from their property—neither by selling it, nor by living in it, nor by renting it out. Still others faced delays from tenants and a host of problems. We have real-life examples of this.

God Almighty said (And we did not wrong them, but they were (They wrong themselves). Therefore, I advise myself first—and I advise you—to be mindful of people’s rights by paying the full commission, so that blessings may be bestowed upon your wealth and property, your conscience may be clear, and you may be spared claims from those whose rights you have overlooked.

Office owners  Out of modesty and courtesy—and under pressure and insistence on your part—they are forced, even though they dislike it, to concede their right as a courtesy.

If you want to secure your future, protect your assets, benefit from your property, and enjoy blessings and success, pay the agencies their full fees.  We also advise those who enter with false claims to fear God,  Since everyone has their own path and their own way,  The sale was completed, as the broker plays an important role in the buying or selling process,  He made an effort to close the deal.

O God, protect everyone from wronging others.

The Saudi Plastics and Petrochemical Industries Exhibition 2020 Kicks Off Tomorrow, Monday, in Riyadh

Plastics Expo 2 - Real Estate Exhibition

Reading time: 4 MinutesRiyadh Exhibitions Co., Ltd. has completed its preparations for organizing the “Saudi Plastics and Petrochemical Industries Exhibition 2020” and the ”the Saudi Printing and Packaging Exhibition,” which will kick off tomorrow, Monday, January 13, and run through the 16th of the same month, with the participation of more than 424 exhibitors from 26 countries. The exhibition features eight international pavilions. The exhibition highlights government efforts aimed at advancing … Read more

“Sakani” program offers housing services to Ministry of Education employees on the Ministry's and Real Estate Fund's lists

Signing a Residential Agreement with Education - Residential Products

Reading time: 3 MinutesThe Ministry of Housing, represented by the “Sakani” program, intends to provide housing services to Ministry of Education employees who are Saudi citizens listed on the Ministry of Housing and Real Estate Development Fund waiting lists and who meet the eligibility criteria for housing support, in accordance with a cooperation agreement signed between the two ministries. (Housing Products) The agreement includes special and unprecedented benefits for Ministry of Education employees, allowing them to obtain a loan… Read more

Saudi Engineering Authority launches 70 training courses and qualification programs during the first quarter of this year

Saudi Council of Engineers

Reading time: 2 MinutesThe Saudi Council of Engineers launched its courses and programs for the first quarter of 2020, which included more than 70 training courses and qualification programs, as part of its strategic transformation plan, and in an effort to develop engineers and enhance their technical and professional competencies in more than 20 cities across the Kingdom, in collaboration with specialized centers and institutes, as well as experienced and qualified trainers … Read more

Emir of Tabuk hands 635 families the keys to their new housing units and praises the efforts of the Ministry of Housing

Amir of Tabuk hands over 2 housing units

Reading time: 2 MinutesPrince Fahd bin Sultan bin Abdulaziz, Governor of the Tabuk Region and Chairman of the region’s Executive Committee for Developmental Housing, handed over the keys to housing units yesterday, Wednesday, to beneficiaries of the Ministry of Housing’s Developmental Housing Program, totaling 635 families, in partnership between the Developmental Housing Program and local community organizations in the region. On this occasion, the Governor of Tabuk Region said: “Today is a day of fulfillment and joy for these noble families who will be moving … Read more

A recommendation from the Shura Council calling for unmarried individuals to be allowed to access housing options from the Ministry of Housing

Shura Council - Housing Projects - Kafalah Program - Financing - Real Estate

Reading time: 2 MinutesThe Shura Council’s Services Committee called on the Council to approve its recommendation regarding the Ministry of Housing’s annual report, which is scheduled for discussion at next Monday’s session, and stipulated that “the possibility of allowing unmarried male and female citizens aged 25 and older to apply for one of the Ministry’s housing options should be studied.” (Residential Real Estate) The committee justified its recommendations based on findings from population surveys … Read more