“Residential” program: More than 104,000 families have lived in their homes since the beginning of this year

Inquire about housing entitlement with ID number

Reading time: < 1 MinuteThe “Sakani” program revealed that 87,467 families have benefited since the beginning of the year until the end of July from all the housing options and financing solutions that the program provides electronically to its beneficiaries within easy and facilitated procedures. The number of families who have lived in their first home reached 104,492 families. 7000 families benefited in July The number of families benefiting from the options and solutions ... Read more

More than 58 thousand financing contracts signed within the housing support options

Mortgage Loans - Finance Companies

Reading time: < 1 MinuteThe Real Estate Development Fund announced the signing of more than 58,000 financing contracts, within the various financing and housing options for housing support programs in various regions of the Kingdom, during the first half of this year. Mansour bin Madi, CEO of the Fund, stressed the keenness to enhance the opportunities for beneficiaries of “Sakani” to obtain housing support programs, within more solutions and options, according to their needs and financial capabilities ... Read more

Subsidized Mortgage Loan Default Rate of 0.23%

2 Real Estate Fund in Janadriyah-min

Reading time: < 1 MinuteThe Real Estate Development Fund confirmed the regularity of housing subsidy beneficiaries in paying mortgage installments to financing bodies from banks and accredited financing institutions, indicating that the default rate of beneficiaries of the subsidized mortgage loan program does not exceed 0.23%, since the launch of the program in June 2017 until the end of the first quarter of 2022. He said in a statement: The role of the Saudi Central Bank is to promote ... Read more

Jeddah slum committee invites owners to complete compensation procedures

Jeddah randomization

Reading time: < 1 MinuteThe Jeddah Informal Neighborhoods Committee called on all beneficiaries to complete the procedures for the payment of compensation, in cooperation with the Jeddah Municipality in cooperation with the General Authority for State Properties, through the Municipality's digital portal, without the need to visit the committee's headquarters, which will continue to receive applications at its field headquarters, noting that the compensation for lands owned by legal deeds will be for land and rubble, and lands not owned by deeds ... Read more

White Land Program issues invoices for Riyadh's second phase today

White land

Reading time: < 1 MinuteThe real estate sector is awaiting the issuance of white land fees invoices for 1444-1445 AH for the first cycle of the second phase in the city of Riyadh, and the White Land Program called on the owners of the concerned lands to initiate the construction of their lands or pay within a year from the date of issuance of the decision. The program explained in a press release that the deadline for payment of land fees ... Read more

Ministry of Commerce: 1211 commercial registrations for logistics services

Logistics 2

Reading time: < 1 MinuteThe Ministry of Commerce revealed that the total number of existing records for the logistics services activity reached 1211 commercial records, and the Riyadh region topped the list of regions in the existing records for the activity with 563 records, followed by the Makkah region with 356 records, then the Eastern Province with 161 records. 514 records since the beginning of the year, the ministry explained that the number of commercial records issued for the activity of services ... Read more

Ministry of Commerce warns against dealing with scammers requesting bank account information

Ministry of Commerce - Commercial Register

Reading time: < 1 MinuteThe Ministry of Commerce has warned all citizens and owners of companies and institutions against fraud and dealing with fake websites and impersonators to obtain banking information for the purpose of fraud, stressing that it never asks consumers for account numbers, bank cards, passwords and verification codes. In a statement published on its Twitter account, the ministry emphasized that it does not receive any reports ... Read more

276 steel export licenses in 7 months

Iron

Reading time: < 1 MinuteThe Ministry of Commerce announced that the number of licenses approved for the export of steel has increased, reaching about 276 licenses since the beginning of 2022 until the end of July. This gives an indication of the increasing role of the industrial sector in the local output. The ministry explained that this came after meeting the specified conditions and requirements, according to the organizational controls of the Ministerial Supply Committee. The Ministry of Commerce ... Read more

Rental index: 1.1 million rental transactions in the first half of 2022

Rental index

Reading time: < 1 MinuteThe rental index recorded more than 121,000 rental transactions in July, including 105,000 residential leases and 17,000 commercial leases, according to data from the sixth report for the cities covered by the index. The number of transactions that took place during the first half of this year is about 800,000 transactions, according to a statement issued yesterday. Read more

Attribution and Liquidation Center disposes of SAR 3 billion worth of real estate assets during the first half

Real estate auctions

Reading time: < 1 MinuteThe number of real estate assets auctioned by the Enforcement and Liquidation Center during the first half of this year exceeded 1600 real estate assets, amounting to more than three billion riyals, while the value of movables sold amounted to about 40 million riyals with 500 assets. According to the official data of the attribution center, the number of registered establishments in the center has exceeded 400 establishments, ... Read more