Month: February 2024

Reading time: 7 MinutesThe Council of Ministers, chaired by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, recently approved the National Infrastructure Fund system. The fund aims to support, finance, and develop infrastructure projects in the Kingdom in partnership with the public or private sector in accordance with the policies and strategies adopted in this regard, according to Umm Al-Qura newspaper. Article One: ... Read more

Reading time: < 1 MinuteUnder the patronage and presence of His Excellency the Minister of Municipal, Rural Affairs and Housing and Chairman of the Board of Directors of the Authority, Mr. Majid bin Abdullah Al-Hogail, and His Excellency the Chairman of the Capital Market Authority, Mr. Mohammed bin Abdullah Al-Qwaiz, launched the new electronic platform for receiving applications for qualification and licensing of real estate contributions. The Authority explained that the platform will enable developers to obtain the necessary licenses to start ... Read more

Reading time: 3 MinutesThe official gazette “Umm Al-Qura” published, in its issue issued on Friday, the controls of the escrow account for real estate contributions, issued by the decision of the Board of Directors of the General Authority for Real Estate No. (Q/M/E/E/2/2024/T) dated 07/18/1445 AH. According to the Umm Al-Qura newspaper, the text of the articles of the regulations are as follows: Article I: For the purpose of applying these regulations, the following words and phrases, wherever they appear in them, shall mean ... Read more

Reading time: 2 MinutesThe Board of the Capital Market Authority (CMA) has approved the instructions for offering real estate contribution certificates, amending the rules for offering securities, ongoing commitments and the list of terms used in the CMA's regulations and rules, to be effective from the date of publication. The adoption of these instructions was based on the roles of the Capital Market Authority (CMA) as defined in the Real Estate Contributions Law, specifically in ... Read more

Reading time: < 1 MinuteThe General Authority for Real Estate (G.A.R.A.) launched today the platform for receiving applications for real estate contribution licenses, in the presence of Majid Al-Hogail, Minister of Municipal, Rural Affairs and Housing and Chairman of the Board of Directors of the General Authority for Real Estate, and Mohammed Al-Qwaiz, Chairman of the Capital Market Authority. According to the Real Estate Contributions Law and the regulations governing it, real estate contributions are classified, according to size, into two main types, the first is small real estate contributions, which are ... Read more

Reading time: < 1 MinuteThe Ejar platform explained 5 steps through which you can get a refund in Ejar, through an infographic published on its account on the social networking site “X”. Click on the dashboard in Ejar and select Balance and then Wallet. After selecting the wallet, click on Refund. Then select the desired amount and account number. Read more