Month: January 2022

Profits of banks operating in the Kingdom jump to 53.9 billion riyals in 2021

by
SAMA Saudi Central Bank - Bank Profits

Reading time: < 1 MinuteThe profits of banks operating in the Kingdom “Saudi and foreign” jumped to 53.9 billion riyals, compared to 38.7 billion riyals during 2020, an increase of 39.3%, equivalent to 15.2 billion riyals, and exceeded the profits of 2019, which amounted to 50.32 billion riyals. During the fourth quarter of 2021, the profits of banks operating in Saudi Arabia amounted to 13.7 billion riyals, compared to 11.09 billion riyals ... Read more

Attribution and liquidation center offers 63 real estate opportunities in the first week of February

by
Real estate auctions

Reading time: < 1 MinuteThe Assignment and Liquidation Center “Enforcement” revealed that 63 real estate opportunities with a total area of one million square meters will be offered through 9 public auctions during the period between 1-6 February 2022, and the opportunities are represented in commercial, residential and agricultural lands, villas, buildings and commercial complexes in 7 different cities and governorates in the Kingdom. The auctions will start with the North ... Read more

Only 16 days and the corrective period for violators of the commercial concealment system ends

by
Commercial concealment

Reading time: < 1 MinuteOnly 16 days remain of the corrective period for violators of the commercial concealment system, which will end on February 16, 2022, through which those who wish can take advantage of the multiple options granted by the correction to violating establishments of various sizes, especially those whose annual revenues exceed 2 million riyals, regardless of the activity in which they operate. The National Program ... Read more

“Zakat & Customs Authority publishes new classification of VAT violations and penalties

by
Categorizing field violations

Reading time: < 1 MinuteThe Zakat, Tax and Customs Authority (ZTA) has started reclassifying VAT violations and penalties related to field violations that result from the taxpayer's failure to comply with their tax duties and obligations, as of yesterday, Sunday, January 30, 2022. All penalties for field violations begin with warning the establishment first and educating the taxpayer and not imposing any financial penalties when committing the offense for the first time, while ... Read more

30 government agencies participate in the Digital Saudi Arabia exhibition 15 new digital products launched

by
Saudi Technology Exhibition

Reading time: < 1 MinuteWith the participation of more than 30 government entities, the Digital Government Authority (DGA) is organizing the “Digital Saudi Arabia” exhibition as part of the LEAP Conference, the global technology event organized by the Ministry of Communications and Information Technology (MCIT) in Riyadh from February 1 to 3, 2022. The Digital Saudi exhibition will host the signing of strategic agreements and the launch of about 15 new digital products, aiming to accelerate the digital transformation ... Read more

“Itqan Real Estate offers 5 real estate products in the Jewels of Medina auction February 10

by
Atqan Real Estate Company

Reading time: 2 MinutesItqan Real Estate Company has set the date of the Jewels of Medina auction for the sale of five real estate products, including three hotel projects and two distinctive lands in the Medina area, at 4:00 pm on Thursday, 9/7/1443 AH, corresponding to 10/2/2022 AD in the Taiba Hall at the Le Meridien Madinah Hotel, where the real estate products are a great opportunity for investors in Taiba, a long-term investment destination globally. With this ... Read more

“Measurement House” completes its preparations to organize the “Al Malaz Opportunity” auction electronically

by
Al Malaz Opportunity Auction - Measurement House Company

Reading time: < 1 MinuteDar Al Qiyas Auction Organizing Company has completed its preparations to organize the “Al Malaz Opportunity” auction, under the supervision of the Enforcement and Liquidation Center and the decision of the Execution Court, which offers a distinctive commercial land in the Al Malaz neighborhood on King Abdulaziz Road with an area of 4666 square meters. The auction, organized by Dar Al Qiyas, will start online at 10:00 a.m. on Sunday, February 6, ... Read more

The Federation of Saudi Chambers of Commerce calls on the competent authorities to review, inventory and evaluate government assets

by
Union of Chambers of Commerce - Real Estate Brokerage System

Reading time: < 1 MinuteThe Federation of Saudi Chambers of Commerce called on government agencies to study and review the comprehensive guide to inventory, inventory and valuation of government assets by holding awareness workshops with specialists, and in turn, the National Valuation Committee of the Federation supports the Accounting Accrual Center with information about valuation companies and offices in the branches of machinery and equipment and economic facilities. During the meeting between the Federation and the Accounting Accrual Center, ... Read more

10 days left to apply for real estate ownership fees

by
State Real Estate Authority - Investment Opportunities - Real Estate

Reading time: < 1 MinuteThe deadline set by the General Authority for State Properties (GASP) to receive payment requests for those who have completed the submission of ownership applications through deliberate engineering offices has started counting down, as the “Ehkam” platform will close after ten days, i.e. on Tuesday, February 8, and some beneficiaries have demanded that the date specified in the invoice be adopted earlier ... Read more

85% of the public auctions carried out by the Kingdom's courts are investment properties

by
Justice - Execution Courts - Commercial Agency

Reading time: < 1 MinuteImplementation courts in the Kingdom carried out 90 public auctions during the past year 2021, and according to a statistic issued by the Ministry of Justice, investment “real estate” accounted for about 85 percent of them, and the Riyadh region accounted for 55 percent of these auctions, followed by the implementation courts in the Eastern Province in second place, followed by the Qassim region. In addition, the Ministry of Justice issued 90 ... Read more

© 2026 Amlak Real Estate Newspaper | All rights reserved.