Riyadh – Mubasher: Al Hammadi Holding completed the sale of vacant land in Al Rayyan district at a value of SAR 124.60 million on 12 June 2024. The book value of the land stands at SAR 69.33 million as previously announced in April, according to a …
Riyadh – Mubasher: Jahez International Company for Information System Technology purchased real estate in Riyadh at a value of SAR 150 million, according to a bourse statement. Located in Almohammadiyah district in Riyadh, the land has a …
Riyadh – Mubasher: ROSHN Group, a real estate developer owned by the Saudi Public Investment Fund (PIF), has signed memorandum of understanding (MoU) with Arab National Bank, Bank Albilad, Bank AlJazira, and Riyad Bank. Under the MoUs, which were …
Riyadh – Mubasher: Thimar Development Holding Company plans to invest SAR 6 million in a real estate fund licensed by the Capital Market Authority (CMA) to develop a residential tower in Riyadh. Located in Olaya District, the project is expected …
Riyadh – Mubasher: Tatweer Company has acquired an industrial plot in a prime location in Riyadh for more than SAR 750 million, according to a press release. The industrial land, which spans around 74,000 square metres, was secured during the …
Riyadh – Mubasher: Banan Real Estate Company has submitted a request to transition to the main market of the Saudi Exchange (Tadawul). The request was submitted on 4 June 2024 through the market's online portal, according to a bourse filing. Banan …
Dubai – Mubasher: Dubai Industrial City, part of Tecom Group, has officially launched 13.90 million sq.ft of additional land capacity within its ecosystem, according to a press release. The additional land capacity was acquired through a AED 410 …
Riyadh – Mubasher: The board of Saudi Real Estate Company (Al Akaria) has accepted the resignation of Ibrahim bin Mohamed Alalwan from his position as CEO and Managing Director. The resignation, dated 27 May 2024, was ascribed to personal reasons, …
UAE – Mubasher: Holo, a direct mortgage platform in the UAE, has completed a pre-Series A funding round with oversubscription. The round was led by Dubai Future District Fund (DFDF), UK’s Oryx fund, and Aditum Investment Management., according to …
Mubasher: Plaza Premium Group (PPG) has invested $100 million to expand its presence in the Middle East with a major focus on Saudi Arabia. This investment aims to anchor the group’s role as a connector between the Middle East and popular global …
Riyadh – Mubasher: Saudi Arabia’s National Housing Company (NHC) has inked 20 agreements with local and international companies on the sidelines of the Real Estate Supply Chains Forum. The agreements are aimed at investing in industrial and …
Riyadh – Mubasher: Building Construction Company Limited, a subsidiary of Retal Urban Development Company, was awarded a SAR 2.89 billion project contract with Roshn Group. The listed company’s unit inked the deal with Roshn, owned by the Saudi …
Riyadh – Mubasher: The real estate office market in Riyadh has maintained good momentum in the first quarter of 2024 despite macroeconomic challenges, according to a report by real estate company Savills. The rise in Grade A offices is set to …
Riyadh – Mubasher: Retal Urban Development Company has signed SAR 660 million sub-development agreements with Saudi state-owned National Housing Company to develop 295 residential Units in the Murcia zone in Riyadh's Khozam suburb. The two …
Riyadh – Mubasher: Alandalus Property Company logged net profits valued at SAR 4.72 million in the first quarter (Q1) of 2024, lower by 66.90% than SAR 14.26 million a year earlier. Revenues declined by 2.69% year-on-year (YoY) to SAR 53 million …
Riyadh – Mubasher: The net profits of Dar Al Arkan Real Estate Development Company increased by 30.57% to SAR 153.59 million in the first quarter (Q1) of 2024 from SAR 117.63 million in Q1-23. The Saudi firm posted a 13.16% year-on-year (YoY) …
Riyadh - Mubasher: Arabian Centres Company (Cenomi Centers) logged a 52.16% year-on-year (YoY) plunge in net profit to SAR 185.60 million in the first quarter (Q1) of 2024 from SAR 388 million. Revenues grew 1.56% YoY to SAR 585.80 million in …
Riyadh – Mubasher: Emaar The Economic City incurred a net loss of SAR 352 million in the first quarter (Q1) of 2024, up 105.84 year-on-year (YoY) from SAR 171 million. Revenues plunged 52.22% YoY to SAR 75 million in Q1-24 from SAR 157 million, …
Riyadh – Mubasher: Saudi Arabia’s National Housing Company (NHC), in collaboration with Talaat Moustafa Group Holding Company (TMG Holding), has laid the foundations for the Banan City project in Riyadh with SAR 40 billion (approximately $12 …
Riyadh – Mubasher: Saudi Real Estate Infrastructure Company (Binyah), a subsidiary of Saudi Real Estate Company (Al Akaria), has signed an agreement with Diriyah Gate Company Limited (DGCL). The SAR 532.05 million agreement includes the …
Riyadh – Mubasher: Sumou Real Estate Company has received the Capital Market Authority’s (CMA) nod for increasing its capital to SAR 500 million from SAR 375 million, according to a bourse filing. Upon the decision of the regulatory authority, …
Riyadh – Mubasher: The net profits after tax of Retal Urban Development Company hiked by 49.92% to SAR 62.28 million in the first quarter (Q1) of 2024, versus SAR 41.54 million in Q1-23. The Saudi firm generated revenues valued at SAR 500.63 …
Riyadh – Mubasher: The net profits of Riyadh Development Company, formerly known as Arriyadh Development, soared by 117.56% to SAR 70.49 million in the first quarter (Q1) of 2024 from SAR 32.40 million in Q1-23. The earnings per share (EPS) rose …
Riyadh – Mubasher: The board of Jabal Omar Development Company has accepted the resignation of Khalid Mohammed Al Amoudi from his position as CEO. Al Amoudi is set to resign on 30 May 2024, according to a bourse filing. The company’s board …
Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) witnessed 67.41% year-on-year (YoY) lower net profits at SAR 2.90 million in the first quarter (Q1) of 2024, compared to SAR 8.90 million. The Saudi firm posted revenues amounting to SAR …