Month: May 2020

Public Investment Fund acquires stakes in Boeing, Citigroup and Facebook

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Public Investment Fund Profits - Investment - Investment Opportunities

Reading time: 2 MinutesData from the U.S. Securities and Exchange Commission revealed that the Public Investment Fund has purchased stakes in major U.S. companies, including Boeing, Facebook, and Citigroup. The disclosure, published on Friday— shows that the fund purchased a stake worth $713.7 million in Boeing, a stake estimated at $522 million in Citigroup, another stake worth $522 million in Facebook, and a stake worth $495.8 … Read more

Al Hayat Holding establishes a SAR 200 million real estate fund to deepen investment in the real estate product

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Al Hayat Holding Company - Real Estate Fund

Reading time: 2 MinutesAl-Hayat Holding Company announced that it has signed an agreement with “Atqan Capital,” a member of Al Baraka Banking Group and licensed by the Capital Market Authority to engage in securities management, underwriting, custody, and advisory services. On this occasion, Mr. Osama Ahmed, Vice Chairman of the Board of Directors and Director of Investment Management, stated that … Read more

Credit ratings do not reflect the true state of the financial positions of oil-producing economies

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Aramco Shares - Economy - Aramco IPO

Reading time: 3 MinutesThe weekly report issued by Crescent Oil Company noted that Saudi Aramco announced the discovery of two new fields during the first quarter of 2020 in the Kingdom, one of which is an oil and gas reservoir and the other an oil reservoir. Aramco said that the oil and gas reservoir was discovered in the northwestern part of Saudi Arabia, while the … Read more

Eastern Province Municipality offers an opportunity to invest more than 21 square meters as a residential and administrative area

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Investment - Sharqiya Municipality

Reading time: < 1 MinuteThe Eastern Province Secretariat has announced an ambitious investment opportunity to develop a 21,161-square-meter site into a residential and administrative area within the Ajyal Dhahran master plan.  (Investment) It is worth noting that the Ajyal residential project comprises approximately 8,521 housing units, including schools and various social facilities, covering an area of 10,000 square meters. The project is located… Read more

Draft real estate brokerage system to be submitted to the competent authorities “Ejar” program will be transferred to the Public Authority for Real Estate

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3500 illegal real estate ads

Reading time: 2 MinutesThe General Real Estate Authority announced that the draft Real Estate Brokerage Regulation has been submitted to the relevant authorities, which are currently reviewing it. The draft includes strict regulations to protect those working in the brokerage sector, The system requires practitioners to be licensed and qualified, in addition to having the technical means to provide the best services. This was announced during the participation of the Authority’s Deputy Governor for Operations, Engineer Tariq bin Ali Al-Hafzi, in … Read more

Jamal Al-Zamil outlines the tasks, duties and requirements of a successful CEO

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Jamal Al Zamil CEO

Reading time: 3 MinutesBy: A. Jamal Abdulrahman Al-Zamil The CEO is defined as the person responsible for and involved in the day-to-day operations of the company to which he belongs, from setting goals and organizing resources to guiding employees, until his oversight and efforts culminate in ensuring that the plan matches the results. On the surface, the task seems easy and straightforward, but in reality, it is a task that requires strong determination, perseverance, intelligence, and diligence—free from delusion… Read more

“Sakani” program completes the procedures for the delivery of ready-made villas in 20 projects in 10 regions of the Kingdom

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Reading time: 3 MinutesThe Ministry of Housing’s “Sakani” program continued to hand over ready-to-move-in villas in a number of the Ministry’s projects across the Kingdom. During the month of April, the handover included 20 projects in 10 regions across the Kingdom, Delivery procedures were carried out after beneficiaries completed the reservation process and signed the final contract, in accordance with the health precautions announced by the relevant authorities to limit … Read more

The General Real Estate Authority Discusses Addressing Property Registration Errors and the Role of Classified Facilities in the Development of the Real Estate Sector

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3500 illegal real estate ads

Reading time: 2 MinutesThe Board of Directors of the General Real Estate Authority discussed the findings of the Committee on Correcting Property Registration Errors, as well as the role of classified real estate establishments in the development of the real estate sector and the services provided by the Authority to those establishments. Additionally, the Board discussed the draft executive regulations for the system governing the ownership, classification, and management of real estate units, and the progress made in the physical registration of real estate. At its eleventh meeting, chaired by His Excellency … Read more

The value of real estate transactions in the month of Sha'ban fell to 3.39 billion riyals, the lowest level in 10 years

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Hotel rooms

Reading time: 2 MinutesIn a decline not seen in the Kingdom for more than a decade, the value of real estate transactions during the month of Sha'ban fell to 3.39 billion riyals; a decrease of 72% compared to the same month last year, when the value of transactions reached approximately 13.77 billion riyals, while the value in the previous month of Rajab was 10.3 billion riyals. Data released by the Ministry … Read more

The Eastern Province Secretariat is offering the “Dhahran Boulevard” complex project to the private sector and providing a package of incentives and benefits

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Investment Opportunities in Sharqia

Reading time: 2 MinutesThe Eastern Province Secretariat has presented the “Dhahran Boulevard” complex project to investors and private sector companies via the “Fursat” platform operated by the Ministry of Municipal and Rural Affairs. The project represents one of the most attractive investment opportunities in the region, and is located within the most important residential developments. The project is a commercial and entertainment complex developed through strategic partnerships with the private sector. It spans an area of 30,309 square meters and includes halls… Read more

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