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Real Estate

The Saudi firm recorded the highest dividend payout ratio in the past 12 months
9 August 04:02 PM Arriyadh Development ranks 1st amongst Tadawul-listed real estate developers
Riyadh – Mubasher: Arriyadh Development Company held the first spot among real estate developers listed on the Saudi Stock Exchange (Tadawul) as per the evaluation issued by Bloomberg L.P. on 20 July 2020. The Saudi firm generated the highest …
Prices of residential plots went up by 1.9% YoY in Q2
23 July 10:59 AM Saudi real estate price index up 0.7% in Q2
Riyadh – Mubasher: The Saudi Real Estate Price Index edged up by 0.7% year-on-year (YoY) in the second quarter (Q2) of 2020, primarily supported by a 1.8% rise in residential real estates prices. Prices of commercial real estate fell by 1.7% while …
The profits amounted to SAR 54.56 million in Q2-20
22 July 04:15 PM Arriyadh Development’s profits up 9% in Q2-20
Riyadh – Mubasher: Arriyadh Development Company generated net profits of SAR 54.56 million in the second quarter (Q2) of 2020, an increase of 9% from SAR 50.04 million logged in the corresponding quarter in 2019. Revenue retreated by 10.7% on a …
The housing ministry is building over 100,000 units
22 July 12:29 PM Saudi housing ministry eyes to build 200K residential units
Riyadh – Mubasher: The Saudi government is supporting the housing sector in an effort to dismantle all obstacles citizens face and overcome the challenges of the industry in tandem with the Kingdom’s Vision 2030, said the Minister of Housing, …
The Saudi market is forecast to remain in the downward cycle
21 July 03:33 PM JLL expects Saudi residential market to witness shift towards rentals
Riyadh – Mubasher: The Saudi real estate sectors remained soft during the second quarter (Q2) of 2020, although the residential market remained somehow active and witnessed the delivery of numerous key projects across the kingdom’s major cities, …
The company's revenues reached SAR 49.91 million in H1-20
21 July 10:25 AM Sumou Real Estate’s profits up 19% in H1-20
Riyadh – Mubasher: Sumou Real Estate Company logged net profits after Zakat and tax worth SAR 36.04 million during the first half (H1) of 2020, 18.73% more than SAR 30.36 million recorded in the same period in 2019. On an annual basis, revenues …
Part of the signing ceremony
20 July 01:18 PM SRC buys SAR 3bn mortgage portfolio from pension agency
Riyadh – Mubasher: The Saudi Public Pension Agency (PPA) signed an agreement to sell a mortgage portfolio in Masakin programme worth more than SAR 3 billion to the Saudi Real Estate Refinance Company (SRC), fully owned by the Public Investment …
Red Sea International Airport external design at night
13 July 11:59 AM Two Saudi firms win contract of Red Sea International Airport
Riyadh - Mubasher: The Red Sea Development Company has awarded its airside infrastructure works contract for the destination’s international airport that is set to open in 2022 to a joint venture (JV) between two major Saudi contractors. The …
The proposed dividends represent 7.5% of the share’s nominal value
13 July 09:20 AM Amlak International considers SAR 68m dividends for 2019
Riyadh - Mubasher: The board of Amlak International for Real Estate Finance proposed a cash dividend distribution of SAR 67.95 million or SAR 0.75 per share to shareholders for fiscal year (FY) 2019. The dividend amount represents 7.5% of the …
The excess money refund procedures will be completed on 12 July
12 July 09:45 AM Amlak International to begin trading on Tadawul tomorrow
Riyadh - Mubasher: The allocation of shares for retail subscribers of the Amlak International for Real Estate Finance’s initial public offering (IPO) has been completed, NCB Capital announced. The listing and trading of Amlak …
Arabian Centres' ownership in Amlak’s capital reached 5.91% following the IPO
8 July 10:43 AM Arabian Centres gains SAR 37m from Amlak's IPO
Riyadh – Mubasher: Arabian Centres Company has gained SAR 36.72 million worth of proceeds from Amlak International for Real Estate Finance initial public offering (IPO) completed on Sunday, 5 July, at a share price of SAR 16. The said amount …
The total number of retail subscribers reached 266,821
7 July 09:23 AM Retail tranche of Amlak IPO oversubscribed at 2,690%
Riyadh - Mubasher: The initial public offering (IPO) of Amlak International for Real Estate Finance was completed on Sunday, 5 July, after finalising the retail subscription tranche at a total coverage of 2,690%, NCB Capital announced. The total …
Individual investors can subscribe to a maximum of one million shares
2 July 09:42 AM Amlak International’s IPO retail subscription begins today
Riyadh - Mubasher: The retail subscription period for 2.718 million shares offered by Amlak International for Real Estate Finance through an initial public offering (IPO) at a share price of SAR 16 will kick off on Thursday, 2 July, said NCB …
The dividend amount represents 10% of the company’s capital
1 July 10:12 AM Sumou Real Estate nods to SAR 25m dividends for FY19
Riyadh – Mubasher: The ordinary general meeting (OGM) of Sumou Real Estate Company consented to distribute cash dividends worth SAR 25 million to shareholders for fiscal year (FY) ending on 31 December 2019. The dividend amount, equivalent to SAR …
The deal is effective for 10 years - (Photo Archive)
30 June 01:50 PM NCLE’s unit inks building lease contract for SAR 64m
Riyadh – Mubasher: Al-Ghad National Schools Company, a 100% owned subsidiary of the National Company for Learning and Education (NCLE), has signed a lease agreement with Roboua’ Altaleem Real Estate Company for an educational complex in Riyadh. …
The transaction’s impact will reflect on Taiba’s financials
21 June 02:18 PM Taiba Investments exits stake in Fiber Glass Oasis
Riyadh – Mubasher: Taiba Investments Company on Sunday announced the sale of its 29.5% stake in Fiber Glass Oasis Co (FGOC), a closed joint-stock associate company. The sale is in line with Taiba’s strategic plans to exit some non-core investments …
Al Sudairy expects the real estate finance sector to double in 10 years
21 June 02:14 PM Amlak CEO: Our IPO came at the right time – Interview
By: Mahmoud Salah El-Din Mubasher: The recently announced initial public offering (IPO) of Amlak International for Real Estate Finance is part of the company’s strategy since its inception, especially as it is achieving strong growth, according to …
The Q1 profits totalled SAR 41 million
15 June 05:15 PM Makkah Construction profits shrink 14% in Q1-20
Riyadh – Mubasher: Makkah Construction and Development Company has logged SAR 41 million in net profits after Zakat and tax over the first quarter (Q1) of 2020, compared with SAR 48 million, posting a 14.5% year-on-year (YoY) decline. Sales …
Sales of the company came at SAR 205 million in Q1
15 June 05:01 PM Emaar The Economic City incurs SAR 282m loss in Q1-20
Riyadh – Mubasher: Emaar The Economic City’s interim financials showed net losses after Zakat and tax of SAR 282 million in the first quarter (Q1) of 2020, versus net profits of SAR 7 million in the corresponding period in 2019. Sales of the …
The company’s revenues went down by 28% in Q1-20
11 June 05:33 PM Dar Alarkan’s profits fall 51% in Q1-20
Riyadh – Mubasher: Dar Alarkan Real Estate Development Company’s net profits after Zakat and tax decreased by 51.3% year-on-year (YoY) in the first quarter (Q1) of 2020, as shown in the company’s interim financial statements. The profits for the …
The outlook on all ratings was changed to ratings under review
26 May 04:48 PM Moody’s downgrades Arabian Centres ratings
Riyadh – Mubasher: Moody’s Investors Service has downgraded Arabian Centres Company's (ACC) corporate family rating (CFR) to ‘Ba2’ from ‘Ba1’. The rating on the $500 million Sukuk, which was issued by Arabian Centres Sukuk Limited and due in 2024, …
The property's annual rental value starts at AED 4m
10 May 03:08 PM Musharaka REIT fund to acquire property with AED 46m
Riyadh – Mubasher: Musharaka Capital Company, the fund manager for Musharaka REIT fund, started the acquisition procedures of a property in Dubai at a total value of AED 46 million ($12.5 million). The property, one of the Middle East's largest …
Prices of residential properties increased by 2.1%
23 April 06:07 PM Saudi real estate price index up 1.2% in Q1
Riyadh – Mubasher: The Saudi Real Estate Price Index increased by 1.2% in the first quarter (Q1) of 2020 compared to the same quarter of the previous year. This was driven mainly by prices of residential properties increasing by 2.1%, while the …
The number of eligible units stands at 118 million units
16 April 06:17 PM Swicorp Wabel REIT to distribute SAR 0.43/unit
Riyadh – Mubasher: Swicorp announced the distribution of SAR 50.74 million in cash dividends to Swicorp Wabel REIT Fund unitholders for 2019. The number of eligible units stands at 118 million units, with SAR 0.43 to be distributed per unit, …
The Bridge offers access to major European cities, including Paris and London
16 March 10:37 AM Investcorp takes over Coca-Cola Belgium HQ for EUR 88m
Mubasher: Investcorp announced that its European real estate business has acquired The Bridge, a single let office and research and development (R&D) asset in Brussels, from a wholly-owned subsidiary of the Coca-Cola Company for EUR 88 million …