Month: September 2021

Public Authority for Real Estate ... Registration of 7267 beneficiaries for real estate services and seizing 1673 violating advertisements

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Public Authority for Real Estate

Reading time: < 1 MinuteThe number of real estate establishments classified by the General Real Estate Authority has reached 119 real estate establishments since the launch of real estate advertising controls and licensing standards for electronic real estate platforms on 2/9/2021, while the Partners Service Center received 245 real estate communications. The survey of advertisements showed that 1673 violating advertisements were seized, of which 473 violating advertisements were addressed, and the regular procedures were applied in the other violations, while ... Read more

Are State Properties“ Ehkam fees refundable? A specialist answers

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Public Authority for State Properties - «Lease System» contracts»

Reading time: 2 MinutesMany applicants to the «Ihkam» platform of the State Real Estate Authority wondered about the money they paid to the platform to consider applications for ownership of real estate, which was revived before the prohibition order issued on 9-11-1387, and in case they actually entered a date after the mentioned date, and the application was accepted and the amount was withdrawn from the person, as lawyer Dr. Khaled Zafer explained ... Read more

145 thousand families have benefited from “Residential” since the beginning of 2021

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Reading time: < 1 MinuteThe “Sakani” program revealed the growth in the number of families benefiting from the housing options and financing solutions provided by the program to 145,309 families since the beginning of 2021 until the end of August, including 115,038 families who lived in their homes in continuation of the program's efforts to provide affordable housing solutions and services to enable Saudi families to own housing with immediate entitlement to achieve the goals of the housing program to reach the percentage of residential ownership ... Read more

“MODON and Wafi sign a cooperation agreement in the field of real estate development in private industrial cities

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Reading time: 2 MinutesThe Saudi Industrial Cities and Technology Zones Authority (MODON) and the Ministry of Municipal and Rural Affairs and Housing (Wafi) have signed a joint cooperation agreement to enhance cooperation in the field of real estate development for the industrial sector. The Saudi Industrial Cities and Technology Zones Authority (MODON) and the Ministry of Municipal, Rural Affairs and Housing's Wafi Committee signed a joint cooperation agreement to enhance cooperation in the field of real estate development for the industrial sector. Read more

“Enforcing”: 1.5 billion riyals worth of financial rights restored and 1,500 assets processed since the center's inception

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Reading time: < 1 MinuteSaleh Al-Shubaili, Executive Vice President of Corporate Communications at the Enforcement and Liquidation Center, said that the center has been able to restore financial rights worth 1.49 billion riyals and process 1,500 assets through more than 110 auctions, since the center started its work until now. On the sidelines of a workshop for the attribution and liquidation center, Al-Shubaili explained that the center's initial focus was on real estate in specific cities ... Read more

Today. Order book building process begins to determine ACWA Power's IPO price“

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Reading time: < 1 MinuteToday, Wednesday, September 15, 2021, the process of building the order book for the subscription of the International Water and Energy Business Company “ACWA Power” begins. The price range for ACWA Power's shares has been set between 51 and 56 riyals per share. The order book building process will continue until the end of Monday, September 27, 2021, in preparation for the public offering of 81.2 million shares representing 11.1% ... Read more

“Arabian Diar wins seventh place among the top 50 real estate developers in the Gulf

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Reading time: 3 MinutesArabian Diar Real Estate Development Company has been ranked seventh in the annual ranking of the top 50 real estate developers in the GCC for 2021. Construction Week revealed the list of the top 50 developers in the Gulf region, as part of the ranking of the largest real estate developers that enhance the sector's contribution to economic growth and development. On this occasion, Engineer Muammar Al Attawi said... Read more

Governor of the Saudi Central Bank recognizes the efforts of “Saudi Banks” in promoting financial literacy among customers

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Reading time: 2 MinutesHis Excellency the Governor of the Saudi Central Bank, Dr. Fahad bin Abdullah Al Mubarak, appreciated the efforts exerted by the Banking Information and Awareness Committee in “Saudi Banks”, which aims to spread and promote financial culture among all members of society in all segments, and raise financial awareness by introducing banking services and products, the safe use of those transactions, as well as issues and developments related to banking activity ... Read more

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