Month: September 2020

Banking and Finance News... Samba Group... SAMA... Al Rajhi Bank... Riyad Bank

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Banks and Finance - Mortgage Financing

Reading time: 3 MinutesSamba Financial Group Delivers 100 Fully Furnished Housing Units to Needy Families Mortgage Financing – Majed bin Abdullah Al-Hogail, Minister of Housing and Acting Minister of Municipal and Rural Affairs, presided over a ceremony to hand over 100 fully furnished housing units to the most needy families, provided by Samba Financial Group in partnership with the Ministry of Housing’s «Developmental Housing» program, in the presence of the Governor of the Saudi Arabian Monetary Authority, Dr. Ahmed bin … Read more

Dr.. Dr. Mons Shujaa writes: Enthusiasm towards the top ... . The era of progress and global leadership for the Kingdom

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Mons Shujaa - Economy

Reading time: 2 MinutesEconomy – We are blessed to have witnessed the 90th anniversary of the unification of the Kingdom of Saudi Arabia, during which we have seen numerous qualitative and monumental leaps forward on various global and Arab levels. Perhaps the first thing we should do is extend our sincerest congratulations and best wishes on this occasion to His Majesty the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, may God protect him, and to His Royal Highness… Read more

Isa Al-Isa writes: What's happening in the U.S. stock market?

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The U.S. stock market

Reading time: 2 MinutesThe U.S. stock market is currently experiencing a massive and unprecedented boom, setting new records in both indices and stock prices, particularly in the tech sector led by the "AFANG" stocks—an acronym for the first letters of the six major companies: Apple, Facebook, Amazon, Netflix, Google, and Microsoft, which now account for nearly a quarter of the value of the S&P 500 index, which includes 500 companies. In just one year … Read more

A new platform that engages with industry issues. Real Estate Club launches initiative to promote community culture and improve the look of cities

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Real Estate Club - Meshal bin Khalid

Reading time: 2 MinutesA number of real estate professionals and experts have launched a new initiative to establish the «Real Estate Club» with the aim of raising cultural awareness among members of the community, enhancing the sector’s contribution to improving the appearance of cities, and clarifying its true nature. This comes in conjunction with the remarkable development the real estate sector is witnessing and the initiatives led by the Ministry of Housing, represented by the General Real Estate Authority and the Saudi Real Estate Institute, which works … Read more

“The ”Pension Authority“ Signs a Memorandum of Understanding with ”Amakin for Assessment” to Provide Services to Retirees and Their Families

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The Public Pension Authority and Real Estate Appraisal Offices

Reading time: < 1 MinuteThe Public Pension Agency and “Amakan Real Estate Appraisal, a subsidiary of Amakan International Holding Group, a memorandum of understanding to provide its affordable real estate appraisal services with special benefits for retirees and their families (mother, father, spouse, and children) and their beneficiaries, (those eligible for a pension following the retiree’s death). The memorandum is part of the Public Pension Agency’s strategy and efforts to collaborate with the public and private sectors and provide distinctive services … Read more

To Unveil Its Programs This Month... The General Authority for Exhibitions and Conferences to Hold a Virtual Workshop

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General Authority for Exhibitions and Conferences.jpg

Reading time: 2 MinutesExhibitions – Based on the objectives of Saudi Vision 2030, in line with the National Transformation Program 2020, and in response to the economic and social conditions imposed by the COVID-19 pandemic, the General Authority for Exhibitions and Conferences held a virtual workshop today, Thursday, September 17,2020. The workshop discussed ways to ensure that the Authority becomes a leader in the top-tier sectors, which include the energy and mining sectors … Read more

Under the specialized media sponsorship of Amlak Real Estate Newspaper The Saudi Commission for Certified Valuers organizes the Professional Forum in Real Estate Valuation

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Real Estate Valuation Forum

Reading time: < 1 MinuteReal Estate Valuation – With specialized media sponsorship from Amlak Real Estate Newspaper, the Saudi Authority for Certified Valuers organized the «Tawim» Professional Forum on Real Estate Valuation last week, held remotely via the Zoom platform. The forum reviewed the most significant developments in the real estate appraisal sector and the 2020 international appraisal standards. Experts and specialists participating in the forum highlighted a number of important topics, such as: the project … Read more

Including the effects of the precautionary return. Measurement House releases second quarter real estate transactions report

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Measurement House Report - Real Estate Transactions

Reading time: 2 MinutesDar Al-Qiyas Valuation released a special report on the impact of the cautious return to normalcy on real estate transactions in the Kingdom during the second quarter of 2020, The report confirmed that the real estate sector witnessed a significant decline in the number of transactions during the first quarter as a result of the impact of the COVID-19 pandemic, then rebounded at the end of the second quarter of the same year. The increase in the number of transactions in … Read more

Opinions on the idea were mixed... «Amlak» is considering the creation of real estate funds to facilitate the divestment of existing properties

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Real Estate Investment Trusts (REITs) - 1

Reading time: < 1 MinuteThe newspaper «Amlak» has observed a new wave in the market toward the establishment of real estate funds, some of which aim to divest from their current properties due to low liquidity and a lack of buyer interest, especially as more investment opportunities emerge. The newspaper’s field team explained that there are real estate funds planning to exit the market by selling their various properties, such as residential and commercial complexes; they attributed this to the market weakness that has characterized the period… Read more

On the occasion of National Day. Editor-in-Chief Abdulaziz Al-Issa writes: 90 Foreseeing a New Era

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Reading time: 2 MinutesNational Day – Today marks the 90th anniversary of the founding of the modern Kingdom of Saudi Arabia, and our country looks forward to a bright and promising future as it continues on the path of sustainable development and prosperity; having made significant strides in the renaissance whose arduous path was first charted by the founder, His Majesty King Abdulaziz bin Abdulrahman Al Saud, through a long and arduous journey to unite hearts that had been scattered across the deserts and valleys … Read more

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