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4 June 06:25 AM Al Huda Park nears completion, delivers 1st retail unit in Makkah
Riyadh – Mubasher: Al Huda Park has entered a new phase of development, as Hamat commenced its first tenant handovers at the upcoming flagship retail and lifestyle destination in Makkah, ahead of its planned opening in the first quarter (Q1) of …
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3 June 09:02 AM Retal pens development deal for SAR 1.9bn mixed-use project
Riyadh - Mubasher: Retal Urban Development Company signed a development management agreement with Sakan Al Malqa Real Estate Company, which is managed by SAB Invest Company, on 2 June. Under the deal, Retal will become the exclusive development …
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1 June 04:18 PM Royal Commission for Makkah City awards 6 development sites at SAR 13bn
Riyadh - Mubasher: The Royal Commission for Makkah City and Holy Sites has awarded six targeted urban development sites in Makkah, covering a combined area of more than 2.70 million square meters (m²). Meanwhile, the total development value of the …
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1 June 02:32 PM First Avenue holds 45% of consortium for SAR 2bn project in Makkah
Riyadh - Mubasher: First Avenue for Real Estate Development Company has joined a consortium, with 45%, for the development of East Hindawiyah District in Makkah, which forms part of the Makkah Informal Settlements Development Program. The project …
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1 June 01:45 PM Ladun, Al Ayuni to develop Makkah project via private real estate fund
Riyadh - Mubasher: Ladun Investment Company, in partnership with Al Ayuni Investment and Contracting Company, has been awarded the Khalidiyah Informal Settlement Redevelopment Project in Makkah. The project was awarded by the Royal Commission for …
Umm Al Qura for Development & Construction Company
1 June 01:01 PM Umm Al Qura launches new 5-year strategy, announces 2nd destination in Makkah
Riyadh – Mubasher: Umm Al Qura for Development & Construction Company, the owner, developer, and operator of Masar Destination, has announced the receipt of two letters of award for the development of the Hindawiya West and Hindawiya South sites - …
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1 June 11:40 AM Al Majdiah, First Avenue awarded SAR 2bn project deal in Makkah
Riyadh - Mubasher: Dar Al Majed Real Estate Company (Al Majdiah) was awarded a project contract for developing the Eastern Al Hindawiya site in Makkah under the supervision of the Royal Commission for Makkah City and Holy Sites. The alliance …
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1 June 09:13 AM Umm Al Qura, Makkah Construction join alliance for SAR 6bn development project
Riyadh – Mubasher: Umm Al Qura for Development and Construction Company received two letters of award from the Royal Commission for Makkah City and Holy Site for a development project with an estimated cost of SAR 6 billion. The company will join …
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31 May 06:18 PM Al Ramz Real Estate to acquire Al Ahli Aleen Enbar Fund’s entire units
Riyadh – Mubasher: Al Ramz Real Estate Company has signed definitive agreements to acquire the remaining shareholder units in Al Ahli Aleen Enbar Real Estate Fund in a transaction valued at SAR 133 million, according to a bourse disclosure. …
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31 May 10:54 AM Saleh Abdulaziz AlRashed & Sons secures supply contract with FCC-Al Mabani JV
Riyadh – Mubasher: Saleh Abdulaziz AlRashed & Sons Company has signed a supply agreement with the FCC-Al Mabani joint venture (JV), a partnership comprising the branch of FCC Construcción and Al Mabani General Contractors. The short-term contract …
Riyadh
28 May 11:20 AM Saudi Arabia’s macroeconomic environment in early 2026 reflects adjustment phase – Report
Riyadh – Mubasher: The Saudi market has been defined by strategic recalibration, steady structural demand drivers, and continued investor confidence during the first quarter (Q1) of 2026 despite a more complex regional economic backdrop, according …
First Avenue for Real Estate Development Company
27 May 01:50 PM First Avenue to discuss SAR 95m capital increase in mid-June assembly
Riyadh – Mubasher: First Avenue for Real Estate Development Company will hold its extraordinary general meeting (EGM) on 15 June 2025 to review the proposed 46.34% increase of the company’s capital. According to official records, First Avenue …
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24 May 03:12 PM Alwaha REIT Fund manager executes agreement wih Shumou Food Trading
Riyadh – Mubasher: Al Wasatah Al Maliah (Wasatah Capital), acting as the manager of Alwaha REIT Fund, announced the formalization of a lease agreement with Shumou Food Trading Company for a commercial unit within the fund's portfolio, according to …
Hamad Mohammed Bin Saedan Real Estate Company
21 May 10:02 PM Hamad Bin Saedan Real Estate announces Audit Committee Chairman
Riyadh – Mubasher: Announcement of Hamad Mohammed Bin Saedan Real Estate Company has announced the appointment of Mohammed bin Abdulmohsen Al Assaf as the Chairman of its Audit Committee. The appointment of Al Assaf will become effective on 30 May …
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21 May 06:20 AM Dar Al Arkan closes SAR 2.2bn international Sukuk issuance
Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company has closed its 15th issuance of sukuk, the eleventh tranche Sukuk issuance under its USD-denominated Islamic Sukuk program with a size of SAR 2.25 billion ($600 million). The order …
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20 May 07:01 AM Saudi Arabia expands development projects ahead of Expo 2030 Riyadh
Riyadh - Mubasher: Expo 2030 Riyadh hosted a strategic site tour and executive progress review attended by senior leaders from major delivery partners as construction activity continues to accelerate ahead of the global event. The tour was led by …
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19 May 07:50 PM Alandalus Property records progress for joint project in Makkah
Riyadh – Mubasher: Alandalus Property Company has announced an update on its joint venture development with Masat Real Estate Company, according to a bourse filing. The listed firm confirmed that construction of Al Huda Park project in Makkah has …
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19 May 09:21 AM Umm Al Qura inks nearly SAR 211m sale deal
Riyadh – Mubasher: Umm Al Qura for Development and Construction Company sold a plot of land within Masar Destination to Heyazah Osool Al Hejaz Development Company in exchange for SAR 210.76 million. Heyazah, the SPV of a real estate fund managed …
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18 May 09:42 AM Dar Al Arkan mandates regional, global lenders for USD-denominated issuance
Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company plans to issue Sharia-compliant, USD-denominated, fixed-rate RegS senior unsecured Sukuk, according to a bourse filing. Dar Al Arkan has mandated Abu Dhabi Commercial Bank (ADCB), Abu …
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18 May 08:29 AM Taiba Investments, Osool Integrated Real Estate finalize SAR 2.4bn deal
Riyadh – Mubasher: Taiba Investments Company has entered into a partnership agreement with Osool Integrated Real Estate Company to establish a special‑purpose company with a total investment size estimated at SAR 2.40 billion, according to a …
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17 May 04:51 PM SIDC subsidiary enters into agreement with NHC
Riyadh – Mubasher: The Saudi Industrial Development Company (SIDC) has announced that its specialized manufacturing branch, SIDC Ceramic Factory (CASAVIA), has entered into a formal agreement with the National Housing Company (NHC). The …
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17 May 01:52 PM Riyadh Development receives additional SAR 2m in vacant land fee invoices
Riyadh – Mubasher: Riyadh Development Company, known as ARDCO, has received additional tax invoices totaling approximately SAR 2.07 million under the White Land and Vacant Property Fees Law program of Saudi Arabia, according to a bourse filing. …
Deyaar
17 May 10:35 AM Deyaar’s profits climb to AED 130m in Q1-26; assets hike 12%
Dubai – Mubasher: The net profits after tax of Deyaar Development jumped to AED 130.15 million in the first quarter (Q1) of 2026, compared to AED 111.52 million in Q1-25. The company posted revenues amounting to AED 447.08 million as of 31 March …
Union Properties
14 May 01:15 PM Union Properties logs 66% higher revenues in Q1-26
Dubai – Mubasher: The net profits of Union Properties jumped to AED 11.79 million in the first quarter (Q1) of 2026 from AED 5.81 million in Q1-25. The higher profits strengthened the group’s financial position and its ability to consistently …
The Spine
13 May 02:59 PM TMG Holding logs 39% higher revenues in Q1-26; contracted sales hit EGP 49.1bn
Cairo - Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) generated consolidated revenues valued at EGP 13.07 billion in the first quarter (Q1) of 2026, up 39% year-on-year (YoY) from EGP 9.42 billion. The group delivered robust …