Month: February 2020

The Capital Market Authority approves a capital increase for Al-Inmaa Bank to 2 billion riyals

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Real Estate Finance - Mortgage Loans

Reading time: < 1 MinuteThe Capital Market Authority announced its approval of Al-Inmaa Bank’s request to increase its capital from 15 billion riyals to 20 billion riyals, thereby increasing the number of the bank’s shares from 1,500,000,000 to 2,000,000,000, an increase of 500,000,000 shares. (Mortgage Financing) According to the Authority’s statement on the Saudi Capital Market Authority’s website “Tadawul,” the bank’s capital increase will be carried out by granting … Read more

General Real Estate Authority: We have more than 45 initiatives to regulate the real estate market We seek to develop the real estate contribution system

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Essam Al Mubarak - Real Estate Development

Reading time: < 1 MinuteIssam Al-Mubarak, Governor of the General Real Estate Authority, confirmed that the Authority has launched more than 45 initiatives to regulate the Saudi real estate market, During his participation in the “15th Open Ministerial Conference in Makkah” titled “The Role of Government Agencies in the Development of the Real Estate Sector in Makkah,” Al-Mubarak confirmed that they are currently working on developing the real estate contribution system and real property registration. He added, “We have held more than … Read more

Ministry of Housing officially launches today the unified lease contract for the commercial real estate sector

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Rental contracts

Reading time: 2 MinutesToday, Sunday, February 23, 2020, the Ministry of Housing is launching the standardized lease agreement for the commercial real estate sector, in collaboration with several government agencies, including the Ministry of Justice, Commerce, and Investment, in the presence of a number of ministers and officials from these agencies, following the conclusion of the optional period launched by the Ministry last year as a first phase. Starting today, it will be mandatory for the sectors … Read more

Riyad Bank announces $1.5 billion international sukuk offering

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Riyad Bank - Off-plan Selling - Real Estate Finance

Reading time: < 1 MinuteRiyad Bank announced the completion of the first issuance of Tier 2 international sukuk denominated in U.S. dollars under its sukuk program. The bank stated in a statement to Tadawul yesterday, Wednesday, that 7,500 sukuk were issued, with a face value of $200,000 per sukuk, for a total value of $1.5 billion. The bank noted that the offering will be settled on February 25 … Read more

Shamael United Real Estate Development Company plans to build 5336 residential units in Miyasim project in Jeddah

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Shamael Real Estate Company - Residential Projects

Reading time: < 1 MinuteThe Ministry of Housing has commissioned Shamael United Real Estate Development Company to design and construct 5,336 residential units of various types as part of the “Miasim” project, in northern Jeddah, following the signing of an agreement between the two parties as part of the program’s efforts to serve its beneficiaries and provide more housing options for Saudi families. This project is one of eight housing projects distributed across Jeddah, providing a total of 44,626 housing units. It was announced … Read more

The Shura Council’s Housing and Services Committee stands by its six recommendations… and requires a certificate from an engineering firm attesting to the safety and quality of construction

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Real Estate Development - Construction Quality

Reading time: < 1 MinuteThe Housing and Services Committee of the Shura Council called for the requirement that a certificate from an engineering firm attesting to the safety and quality of the construction—or confirming that the construction was carried out under the supervision of an engineering firm—be provided before a subsidized financing contract is signed with the citizen. In its six recommendations, the committee called on the Ministry of Housing to study the reasons why some citizens are reluctant to accept certain housing products and to propose solutions … Read more

The Shura Council will vote next Wednesday on a recommendation to build small, well-planned towns on the outskirts of major cities

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

Reading time: < 1 MinuteBased on a recommendation submitted by Shura Council member Jawaher Al-Anzi, who called on the Ministry of Housing to build small, developed towns on the outskirts of major cities and equip them with all the services necessary for modern life, the Council will vote on the proposal after it was rejected by the Council’s Services and Housing Committee. (Housing Projects) Jawaher Al-Anzi presented a number of justifications for accepting the proposal and its feasibility in serving citizens, stating … Read more

Keeping pace with the growth of the Kingdom’s travel market… The Jeddah International Travel and Tourism Exhibition kicks off in Jeddah on February 26

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Jeddah City Jeddah Real Estate - Jeddah Real Estate - Businesses

Reading time: 2 MinutesWith the participation of more than 200 entities representing 30 countries, the 10th edition of the Jeddah International Travel and Tourism Fair will take place in Jeddah from February 26 to 28, 2020, at the Hilton Jeddah Hotel. The event will feature many new tourist destinations and a variety of services offered to visitors through a wide range of travel options and special offers, such as tickets… Read more

The Future Projects Forum kicks off on February 25 It reviews 850 projects worth 600 billion riyals

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Saudi Projects Forum - Real Estate Projects

Reading time: 2 MinutesWith the participation of 850 projects, the second edition of the Future Projects Forum will kick off in Riyadh on 1–2 Rajab 1441 AH, corresponding to February 25–26, 2020. Participating in the forum are project owners and 35 government and private entities representing various strategic and vital sectors, most notably oil, industry, tourism, and entertainment… Read more

Dr.. Dr. Hussam Youssef writes in his column Administrative Chat: King Abdulaziz is a rare model of leadership

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Management Arts - Human Resources - King Abdulaziz

Reading time: 2 MinutesManagement science focuses on the role of leadership in shaping the elements of managerial work, its various stages, and its impact on society. From this perspective, most major companies are keen to adopt a systematic approach to leading their employees, Numerous theories have emerged regarding leadership schools, methods of leadership development, and the methodologies applied within them. . . Many questions have been raised about the leader: Is a leader born or … Read more

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