Month: August 2023

More than 275,000 transactions recorded in July

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Rental Index in July

Reading time: 2 MinutesThe “Rental Index” recorded more than 275,000 residential and commercial rental transactions last July, according to reports and data released by the online rental services network “Ejar” in collaboration with the “Sakani” platform; The index covers more than 160 cities and provinces, encompassing most of the Kingdom’s cities and regions, with stable monthly transaction numbers between July 2022 and July 2023. An increase in … Read more

Wafi's triple financing creates competitiveness in the real estate development sector

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Off-plan sales

Reading time: < 1 MinuteThe “Wafi” Off-Plan Sales and Leasing Committee provides ”Wafi Triple Financing,“ which aims to finance and support real estate projects designated for off-plan sales, by reducing risks for financing entities, improving financing efficiency for developers and beneficiaries, and designating the financing entity as the account trustee and financier for both the project and the buyers. Supporting the real estate market, the Committee’s Secretary-General, Nayef bin Nawaf Al-Sharif, explained that “Wafi Financing … Read more

«National Housing» Launches the Bayut Talaal Project on the Dammam Waterfront

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National Housing Company

Reading time: < 1 MinuteThe National Housing Company “NHC” has launched the Bayut Tilal project, one of the projects in the Al-Wajhah Suburb, which is considered the largest residential project in the Eastern Province, in partnership with Tilal Real Estate Company; to expand the real estate supply and work to meet the growing demand for residential units in the Eastern Province. The new project offers 1,238 residential units, ranging from villas to apartments and townhouses of various sizes … Read more

More than 57,000 families have moved into their first homes since the beginning of 2023 through a housing program

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Residential program

Reading time: 2 MinutesThe Housing Program announced that 52,794 Saudi families had benefited from the beginning of the year through the end of last July from all the housing options and financing solutions the program offers its beneficiaries online through simple and accessible procedures, while the number of families who moved into their first home reached 57,595, as part of joint efforts to improve housing affordability and achieve the program’s objectives… Read more

Cityscape Global kicks off in Riyadh in September

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Cityscape

Reading time: < 1 MinuteRiyadh has completed its preparations to host the Cityscape Global exhibition for the first time in the Kingdom, from September 10 to 13, 2023, at the International Exhibition and Convention Center. Organized by Informa, the exhibition will host the Wealth Investment Forum, which features a series of panel discussions with leading wealth management experts, legal advisors, bankers, and consultants from around the world. Additionally … Read more

The National Housing Company Completes the First Phase of the «Azian Namar» Project in Record Time

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The Azian Namar Project

Reading time: < 1 MinuteThe National Housing Company (NHC) has completed the first phase of the “Azian Namar” in record time, achieving 401% of its sales target. The project is an off-plan development in the Namar suburb southwest of Riyadh, developed in partnership with Bin Jarallah Group for Trading and Contracting. and, in accordance with the schedule, the company is preparing for the second phase of the project to sell residential units … Read more

Key Points and Details About the Corporate System

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New Company Law

Reading time: 2 MinutesKey Points and Details About the Simplified Company Under the new Companies Law, criteria have been established for what is known as a simplified joint-stock company. Such a company may be incorporated without a minimum capital requirement, may be managed by one or more directors, and is not required to hold general meetings. Forms of Incorporation A company established in accordance with the provisions of the new Companies Law may take one of the following forms: the company … Read more

Video | How to get SME financing

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Franchising - Facilities

Reading time: < 1 MinuteThe General Authority for Small and Medium Enterprises “Manshaat” a financing service for small and medium-sized enterprises seeking support, connecting them with various financing entities—including banks, finance companies, fintech firms, and others—to select the most suitable financing option from among the available offers. Application Steps 1. Log in to the Financing Portal. 2. Fill out the financing application and submit it to the financing entities. 3. The entities will review … Read more

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