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4 hours ago Asas Makeen signs framework agreement to establish nearly SAR 73.5m investment fund
Riyadh — Mubasher: Asas Makeen Real Estate Development and Investment Company has penned a framework agreement with Middle East Financial Investment Company (Mefic Capital) to establish a private real estate investment fund. Holding a target value …
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12:50 PM Hamad Mohammed Bin Saedan Real Estate eyes SAR 7m dividends for 2025
Riyadh – Mubasher: The board of Hamad Mohammed Bin Saedan Real Estate Company has recommended a total cash dividend distribution of SAR 7.06 million to shareholders for 2025. The payout represents 2.50% of the share nominal value, according to a …
Photo Archive
09:07 AM Riyadh Development adopts GIPS for asset owners
Riyadh - Mubasher: Riyadh Development Company has officially adopted the Global Investment Performance Standards (GIPS) for asset owners, issued by the CFA Institute. The company confirmed the completion of an independent verification of its …
Photo Archive
09:00 AM Knowledge Economic City awards SAR 117.6m project deal to Astra Construction
Riyadh – Mubasher: Knowledge Economic City has signed a construction contract with Astra Construction valued at SAR 117.61 million, excluding value-added tax. The agreement, signed on 12 July 2026, covers the execution of electromechanical, …
Umm Al Qura for Development
12 July 05:43 PM Umm Al Qura for Development to develop 3 luxury towers for SAR 1.5bn
Riyadh – Mubasher: Umm Al Qura for Development and Construction Company, the owner, developer, and operator of Masar Destination, has signed a reservation agreement with the Watheeq Ajdan Real Estate Fund Company (fund managed by Watheeq Capital), …
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12 July 12:45 PM Adeer Real Estate pens marketing agreement with Sumou Holding
Riyadh – Mubasher: Adeer Real Estate Company has entered into a contract with Sumou Holding to provide marketing and sales services for the Jeddah Oases project, a major land development spanning 707,254 square meters. Located in the Al Kauthar …
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12 July 12:15 PM Asas Makeen partners with Bloom Real Estate Fund XII for SAR 132m project
Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company has signed a real estate development agreement with Bloom Real Estate Fund XII, managed by Bloom Investment Saudi Arabia, for a project valued at SAR 131.88 million. The …
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12 July 11:48 AM Knowledge Economic City appoints Al Yahya as CEO
Riyadh – Mubasher: Knowledge Economic City announced that its board of directors has issued a resolution to appoint Moath bin Ahmed Al Yahya as the company’s CEO. The board decision, reached on 9 July, designates 19 July 2026 as the official …
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12 July 11:02 AM Knowledge Economic City inks non-binding term sheet with Albilad Capital
Riyadh – Mubasher: Knowledge Economic City has signed a non-binding term sheet with Albilad Capital to appoint the latter as the manager for a private closed-ended real estate investment fund, according to a bourse disclosure. The fund is designed …
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12 July 08:46 AM Taiba Investments receives SAR 6.6m tax invoice for Riyadh property
Riyadh - Mubasher: Taiba Investments Company announced on Sunday that it received an invoice for white land taxes in Riyadh totaling SAR 6.67 million, according to a bourse discourse. The invoice, which the company received on 9 July 2026, follows …
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12 July 08:17 AM Umm Al Qura for Development inks SAR 441m land sale agreements
Riyadh – Mubasher: Umm Al Qura for Development and Construction Company signed three reservation agreements on 9 July 2026 for the sale of land plots within the Masar Destination in Makkah for a total value of SAR 441.10 million. The agreements …
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9 July 06:24 AM MSGA Investment begins trading shares on Nomu
Riyadh – Mubasher: Saudi Exchange (Tadawul) announced the listing and trading of shares of MSGA Investment Company on the parallel market (Nomu) on 8 July 2026, according to a bourse filing. The company floated its shares under the symbol 9655 and …
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9 July 06:17 AM Edaa deposits MSGA’s securities into shareholder accounts
Riyadh – Mubasher: The Securities Depository Center Company (Edaa) has officially completed the deposit process for the subscribed securities of MSGA Investment Company. Effective on 6 July 2026, the securities have been credited to the depository …
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8 July 07:41 PM Adeer Real Estate commences nomination period for upcoming board session
Riyadh – Mubasher: Adeer Real Estate Company opened the nominations for its board of directors regarding the new four-year term, seeking candidates for five seats to lead the board during the upcoming cycle. The new board session is scheduled to …
Fitch
8 July 09:29 AM Fitch revises Cenomi Centers outlook to stable
Riyadh - Mubasher: Arabian Centres Company (Cenomi Centers) announced that Fitch Ratings has revised its credit outlook to stable from negative. The agency simultaneously affirmed the company’s long-term credit rating at "BB." The rating agency’s …
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7 July 10:19 AM MCDC pens SAR 372m deal with Innovative Roots Industrial
Riyadh – Mubasher: Makkah Construction and Development Company (MCDC) has signed a major renovation contract valued at SAR 372 million with Innovative Roots Industrial Company. The agreement covers the comprehensive refurbishment of guest rooms …
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6 July 12:00 PM Knowledge Economic City obtains SAR 152m financing from SAIB
Riyadh – Mubasher: Knowledge Economic City has secured Sharia-compliant financing totaling SAR 152 million from the Saudi Investment Bank (SAIB). The agreement, finalized on 5 July 2026, is structured with a 15-year maturity period to support the …
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6 July 09:15 AM Emaar the Economic City unveils SAR 547.5m construction deal
Riyadh – Mubasher: Emaar the Economic City signed a construction contract valued at SAR 547.38 million with Nesma & Partners Contracting on 5 July 2026. The agreement focuses on the development of infrastructure networks within the Special …
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5 July 09:39 PM Hamad Mohammed Bin Saedan Real Estate opens board nomination for upcoming term
Riyadh – Mubasher: Hamad Mohammed Bin Saedan Real Estate Company commenced the nomination period for its Board of Directors, where shareholders and qualified candidates can submit their applications starting from 29 June until 29 July 2026 With …
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5 July 05:23 PM Alandalus Property rolls out SAR 157m development agreement
Riyadh – Mubasher: Alandalus Building Construction Company, a subsidiary of Alandalus Property Company, signed a contract on 2 July with Ajyal Al Yamamah Private Schools to develop and lease an educational complex in Riyadh. The agreement, valued …
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5 July 02:05 PM Alandalus Property’s unit acquires land plot for SAR 23.6m
Riyadh – Mubasher: Alandalus Property Company’s subsidiary, Alandalus Building Construction for Schools, has acquired a land plot in Al Naseem district of Riyadh for SAR 23.65 million. The transaction, executed on 4 July 2026, includes real estate …
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5 July 11:18 AM Alandalus Property inks SAR 48m financing agreement with SAB
Riyadh – Mubasher: Alandalus Property Company has officially entered into a long-term Tawaruq financing agreement with Saudi Awwal Bank (SAB), according to a bourse filing. The facility, valued at SAR 48 million, is earmarked for the acquisition …
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5 July 09:23 AM Banan Real Estate unveils SAR 55m deal for hotel project in Riyadh
Riyadh – Mubasher: Banan Real Estate Company has officially entered into a strategic agreement with Afaq Al Qimma Al Rabiaa Al Mutatawera Company to spearhead the development and marketing of a new hotel project in Riyadh. The contract, valued at …
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2 July 04:35 PM Umm Al Qura for Development announces new board leadership
Riyadh – Mubasher: The Extraordinary General Meeting (EGM) of Umm Al Qura for Development and Construction Company approved the appointments of Chairman and Vice Chairman, the formation of its standing board committees, and the designation of …
ROSHN
2 July 03:27 PM Retal rolls out SAR 124m agreement with PIF’s ROSHN
Riyadh - Mubasher: Retal Urban Development Company has entered into two conditional agreements with ROSHN Group, a subsidiary of the Public Investment Fund (PIF), to acquire and develop residential land within the Al Manar Community in Makkah. The …