Month: February 2020

«SAMA: Housing loan financing for 2019 exceeded 79 billion riyals

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Reading time: < 1 MinuteMortgage financing for 2019 reached a record high in the history of banks and financial institutions, with the total value exceeding 79 billion riyals, marking a growth of 1,681%, compared to 2018, which saw contracts worth approximately 29.5 billion riyals signed, according to a recent report issued by the Saudi Arabian Monetary Authority (SAMA). The report indicated that the number of loans … Read more

Ministry of Housing delivers housing units in Riyadh's Diyar Al Saad project

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Housing projects

Reading time: 2 MinutesThe Ministry of Housing continued to hand over homes to beneficiaries; Minister of Housing Majid bin Abdullah Al-Hogail recently handed over housing units to a number of beneficiaries of the «Sakani» program in the «Diyar Al-Saad» project, located in the «Al-Jawan» residential suburb north of Riyadh, which can accommodate more than 100,000 people, in partnership with the private sector. Al-Hogail emphasized the need to expedite the completion of the remaining phases in … Read more

Riyadh Chamber Election Candidates Programs that challenge achievement and innovation

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Riyadh Chamber Elections

Reading time: 3 MinutesA total of 127,832 voters to cast their ballots between February 11 and 13, 2020, to elect a new board of members for the Riyadh Chamber of Commerce and Industry to lead its work during the 18th term, which spans four years from the current year to the year 1445 AH. The Election Supervisory Committee has announced the final lists of candidates, which include 45 candidates from the merchants’ category, while the industrialists’ category… Read more

Wakeelik Real Estate puts Dawas Market up for auction                                      

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Reading time: < 1 MinuteWakil Real Estate, a company specializing in auction organization and real estate appraisal, has invited businesspeople, investors, and real estate development companies to attend the public auction it is organizing for the sale of the Dawas Market in Makkah after Asr prayer on Sunday, June 8,1441 AH, corresponding to February 2, 2020, at the Darnf Hotel next to the General Court (formerly) in Kadi on the Third Ring Road. This follows the issuance of a ruling … Read more

Editor-in-Chief Abdulaziz Al-Issa writes about: Saving to Buy Real Estate

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Reading time: 2 Minutes  Saving is one of the most significant social behaviors with economic and social implications across various societies, given its paramount importance for the future of society as a whole. The culture of saving is largely underdeveloped among all members of Saudi society, unlike other societies, where saving is considered one of the most important mechanisms for accumulating the necessary funds … Read more

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