“Enforcement oversees 78 auctions to sell and liquidate more than 1,000 real estate assets by the end of 2025

Residential program

Reading time: < 1 MinuteThe Assignment and Liquidation Center (Enforcement) supervised (78) real estate auctions during the period from 15 to 31 December 2025, to sell (1022) diverse real estate assets, including residential, commercial and agricultural properties, distributed across the Kingdom's various regions. The Riyadh region came first with (21) auctions offering (311) properties, followed by the Makkah region with (18) auctions covering (296) properties, then the ... Read more

“Zatka carries out more than 20,000 inspection visits to markets and shops during the past month

Zakat, Tax and Customs Authority

Reading time: < 1 MinuteThe Zakat, Tax and Customs Authority (Zatca) carried out more than 20,000 inspection visits during last November, on markets and shops in various regions and cities of the Kingdom. ZATCA spokesperson Hamoud Al-Harbi explained that the visits carried out by its monitoring and inspection teams included a number of commercial sectors, most notably: Retail and tobacco sectors, public utility markets, and offices ... Read more

Public Investment Fund and Jones Lang LaSalle sign agreement to boost the growth of the facilities management sector

Residential program

Reading time: 2 MinutesThe Public Investment Fund (PIF) and Jones Lang LaSalle (JLL) announced yesterday that Jones Lang LaSalle has acquired a controlling interest in Saudi Facilities Management Company (FMTECH), one of the Fund's portfolio companies. The transaction is expected to close subject to customary closing conditions, and PIF will retain a majority stake in FMTECH. FMTECH was launched by PIF in 2023 as a national... Read more

307 billion riyals worth of Saudi non-oil exports during the first half of 2025

Reading time: 2 MinutesHis Excellency the Minister of Industry and Mineral Resources and Chairman of the Board of Directors of the Saudi Export Development Authority, Mr. Bandar bin Ibrahim Al-Khuraif, confirmed that the value of the Kingdom's non-oil exports reached SAR 307 billion during the first half of this year, recording the highest half-yearly growth. During his participation in a dialogue session with the Syrian Minister of Economy and Industry, Dr. Mohammed Nidal ... Read more

Emir of Tabuk hands over 448 housing units to families benefiting from the developmental housing program

Residential program

Reading time: 2 MinutesHis Royal Highness Prince Fahd bin Sultan bin Abdulaziz, Emir of Tabuk Region, handed over 448 housing units to families benefiting from the developmental housing program of the Ministry of Municipalities and Housing at the main reception hall of the Emirate today, in the presence of His Royal Highness Prince Khalid bin Saud bin Abdullah bin Faisal bin Abdulaziz, Deputy Emir of Tabuk Region. On this occasion, a speech ceremony was held ... Read more

Survey: What are the most influential real estate activities in the market?

Survey of the most obsessive professions

Reading time: 3 MinutesIn this survey, a number of real estate experts agreed that the development, brokerage, and property management activities are the most influential and voluminous, and determined the strategy of preference between specializing in one activity or combining multiple activities based on the size of the establishment and its stage of maturity. Khalid Al-Mubaid: Marketing ... Read more

“Real Estate Authority” detects off-plan sales violations and initiates legal proceedings against 25 real estate developers

Off-plan real estate projects

Reading time: < 1 MinuteThe General Real Estate Authority (GRA) has detected a number of violations related to the practice of off-plan sales without a license, in Riyadh, Jeddah and Makkah, as part of its intensive monitoring efforts to govern the real estate market and protect the rights of its dealers. The Authority explained that its monitoring teams monitored 25 real estate developers practicing the activity of selling real estate units on the map and receiving ... Read more

Ministry of Commerce clarifies who is responsible for preparing and filing company financial statements

Ministry of Commerce - Saudi Companies

Reading time: 2 MinutesThe Ministry of Commerce has clarified who is responsible for preparing and filing the financial statements of companies, in a move aimed at enhancing companies' awareness of regulatory requirements and enabling them to clearly understand their responsibilities, thus contributing to raising the levels of transparency, governance and the quality of financial disclosure. The Ministry explained that the board of directors in joint stock companies (unlisted shareholding) is responsible for preparing the company's financial statements, with the obligation to prepare them by the end of ... Read more

Emir of Northern Borders launches 2025 Investment Forum and sponsors the signing of 21 agreements

Northern Borders Emir

Reading time: 2 MinutesHis Royal Highness Prince Faisal bin Khalid bin Sultan bin Abdulaziz, Governor of Northern Borders Region, inaugurated today the Northern Borders Investment Forum 2025, organized by the Emirate of the region at the Ministry of Interior Staff Club in Arar, with the participation of a number of ministers, officials, experts and advisors, and a number of company presidents, executives and businessmen and women. His Highness toured the pavilions of government agencies ... Read more