Month: June 2022

More than 116,000 enforcement requests against defaulters of the “Unified Residential Tenancy” contract”

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Ejar Network - Documentation of the rental contract

Reading time: < 1 MinuteAccording to reports issued by the Ministry of Justice, the number of cases of execution requests against defaulters who failed to pay the rent when due and registered in the “Unified Residential Rent” contract has reached 116055 requests, since the beginning of the current Hijri year, i.e. in 11 months. According to the data, the Riyadh region accounted for 25.4 percent of the total execution requests with 29,401 requests, and the Eastern Province ... Read more

Cryptocurrencies and virtual currencies Risky technologies... and the adventurous spirit

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12 Cryptocurrencies

Reading time: 2 MinutesRiyadh - Mohammed Al-Amin Jamous The world has become in a feverish race with new technologies, as it began to move strongly towards the use of cryptocurrencies and digital currencies in daily transactions after it became a strong market that competes with its paper counterpart, and there are questions about the identity of the difference between cryptocurrencies and digital currencies. The “Riyadh Chamber” organized a lecture on the danger of ... Read more

National Housing Company (NHC) launches Tilal Bayut project in Riyadh

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Buying in Sadeem

Reading time: < 1 MinuteOn an area of 148,000 square meters, the National Housing Company (NHC) launched the “Tilal Homes” project for beneficiaries of the “Residential” program in Riyadh. The project is located in the Narjis neighborhood, north of Riyadh, and contains 588 housing units under construction of the “villa” type, ranging in size from 338 to 351 square meters, and is implemented by Tilal Real Estate Company. The project comes as an extension of 30 projects ... Read more

The Real Estate Fund deposits more than 842 million riyals into citizens' accounts for the month of June

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2 Real Estate Fund in Janadriyah-min

Reading time: < 1 Minute The Real Estate Development Fund announced today that it has deposited more than 842 million riyals in the accounts of citizens from the beneficiaries of the “Residential” program from the Ministry of Municipal and Rural Affairs and Housing and the Real Estate Fund for the month of June 2022, confirming the continuity of housing support for families to own their first home. Mansour bin Madi, CEO of the Fund, said that the total support for June amounted to 842 million riyals, allocated to support ... Read more

Tatweer approves financing for a number of real estate development companies

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Real estate fund-min

Reading time: < 1 MinuteThe Real Estate Development Fund's (REDF) Developer Empowerment Program Committee has agreed to provide support and financing to a number of real estate development companies in partnership with financing entities to establish housing projects in various regions of the Kingdom. This came during the third meeting of the steering committee at the Fund's headquarters in Riyadh, where many topics were discussed, and the strategic partnership agreements with ... Read more

The new Companies Law brings together all «commercial, professional, and non-profit» businesses in one legislative document

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New Company Law

Reading time: < 1 MinuteThe Saudi Minister of Commerce, Dr. Majid Al-Qasabi, stressed the importance of the new Companies Law, which was approved by the Council of Ministers on Tuesday, which lies in its comprehensiveness and combining the forms and types of companies «commercial, professional and non-profit» in one legislative document, and keeping pace with all economic developments in the business environment. Dr. Al-Qasabi explained that the system, which was developed with direct follow-up from Crown Prince Mohammed ... Read more

Al-Haqeel: Real estate brokerage system will revolutionize the real estate sector in Saudi Arabia

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Real Estate Brokerage Project

Reading time: < 1 MinuteMajid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs and Housing and Chairman of the Board of Directors of the General Authority for Real Estate, confirmed that the real estate brokerage system will make a qualitative leap in the real estate sector in the Kingdom, as it aims to regulate real estate brokerage and real estate services, reduce disputes related to real estate brokerage, help in the governance of real estate transactions, and give brokerage contracts reliability and reference in judicial proceedings. And raise ... Read more

2022's decor blends classic and cozy. and beautiful modern

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13 Decoration

Reading time: 3 MinutesThe home interiors of 2022 are not only Instagram-worthy, but every woman will want to try them out in her own home, this year's design has become cozy with the return of some old designs and classics that will last for a long time, given this diversity, decorators will not only be able to create a fashionable home, but also stay true to the style of ... Read more

Al-Ahsa Municipality offers 362 investment opportunities worth SAR 275 million

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Al-Ahsa White Land Fees

Reading time: < 1 MinuteHis Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majid bin Abdullah Al-Hogail, revealed that the investment opportunities available to Al-Ahsa Municipality on the ”Opportunities” portal reached 362 opportunities in 2021, an increase of 53% from 2020, with a total value of more than 275 million riyals, indicating that the investment opportunities available to Al-Ahsa this year amounted to 112 investment opportunities. Attractions ... Read more

Saudi Central Bank injects SAR 50 billion in long-term deposits into commercial banks

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Saudi Central Bank

Reading time: < 1 MinuteThe Saudi Central Bank (SAMA) injected about 50 billion riyals in the form of long-term deposits with commercial banks. According to press sources, the move aims to boost the liquidity of the banking sector, at a time when the Saudi interbank interest rate, or “SIBOR,” has recorded strong rises since the start of the US interest rate hike. SAMA made this liquidity available to banks ... Read more

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