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11:31 AM Arriyadh Development records SAR 71m profits in Q3-21
Riyadh – Mubasher: Arriyadh Development Company achieved net profits after Zakat and tax worth SAR 70.8 million during the third quarter (Q3) of 2021, rising by 28.4% from SAR 55.1 million in Q3-20. Sales rose by 3.6% to SAR 61.9 million in Q3-21 …
The term of the contract is 478 days
14 October 10:12 AM Al Akaria's unit inks SAR 432m deal with Diriyah Gate Development Authority
Riyadh – Mubasher: Saudi Real Estate Infrastructure Company (Binyah), a 60%-owned subsidiary of Saudi Real Estate Company (Al Akaria), signed a contract with Diriyah Gate Development Authority to implement infrastructure work at Wadi Hanifa for …
SEDRA residential community will include 30,000 units spread over 20 million sqm
13 October 01:01 PM Wafi grants off-plan sales licence to PIF's ROSHN
Riyadh – Mubasher: Saudi Arabia's Wafi off-plan sales and rent program has granted ROSHN, a real estate firm owned by the Public Investment Fund (PIF), a licence to start the off-plan sale of its first residential project, SEDRA in Riyadh, the …
The project is Dar Al Arkan's first development in the UAE
6 October 01:31 PM Dar Al Arkan partners with Italy's Missoni to develop AED 800m tower in Dubai
Mubasher: Saudi Arabia-based Dar Al Arkan has partnered with the luxury Italian fashion house, Missoni, to develop the Urban Oasis residential tower in Dubai at a total value of AED 800 million. The project is Dar Al Arkan's first development in …
A committee has been formed to study investment opportunities in these countries
4 October 01:33 PM Talaat Moustafa Group considers expansion in Saudi Arabia, Iraq
Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) is planning to expand in Saudi Arabia and Iraq, CEO and Managing Director Hisham Talaat Mostafa said.  The CEO pointed out that there is a great opportunity for major real estate …
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27 September 11:59 AM Sumou Real Estate signs agreement for Hittin project
Riyadh – Mubasher: Sumou Real Estate Company has penned an agreement with Sumou Holding Company to develop a land plot located on Abqaiq Road in Dhahran, as part of Hittin project. The asset spans 302,000 square metres, according to a bourse …
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21 September 10:48 AM Enma Alrawabi obtains regulatory nod for direct listing
Riyadh – Mubasher: Saudi Arabia’s Capital Market Authority (CMA) has approved the registration of Enma Alrawabi Company’s shares for direct listing on the Saudi Exchange (Tadawul). The CMA board’s resolution was taken on 20 September, according to …
The City Compound has reached a completion rate of 40%
14 September 10:40 AM Master Group awards EGP 600m contract to Saudi firm
Cairo – Mubasher: Master Group has signed a contract worth EGP 600 million with Saudi Kenaaz United Contracting Company to complete the construction works of the second phase of its residential project in the New Administrative Capital.  The …
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13 September 05:23 PM Al Akaria’s board approves capital hike
Riyadh – Mubasher: The board of Saudi Real Estate Company (Al Akaria) gave the green light for increasing the capital through a rights issue, according to a disclosure to Tadawul on Monday. The real estate developer aims to secure SAR 1.6 billion …
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8 September 05:02 PM Banan Real Estate to pay SAR 0.25/shr dividend for H1
Riyadh – Mubasher: Banan Real Estate Company will distribute a cash dividend of SAR 0.25 per share, accounting for 2.5% of the share’s par value, for the first half (H1) of 2021, subject to the general assembly’s approval. The real estate …
All outstanding orders will be cancelled for Thursday, 26 August
26 August 10:20 AM Tadawul announces fluctuation limit for Alandalus’ stock
Riyadh – Mubasher: The Saudi Exchange (Tadawul) announced that the fluctuation limit for the stock of Alandalus Property will be based on a share price of SAR 22.16, according to a bourse filing on Thursday. All outstanding orders will therefore …
Earnings per share stood at SAR 1.2 in H1-21
16 August 05:13 PM Sumou Real Estate records SAR 47.5m profits in H1-21, to pay dividends
Riyadh – Mubasher: Sumou Real Estate Company posted an annual growth of nearly 32% in net profits after Zakat and tax to SAR 47.49 million in the first half (H1) of 2021 from SAR 36.05 million in H1-20. Earnings per share stood at SAR 1.2 in …
NOMW Capital will manage the fund
16 August 04:59 PM National Building to set up SAR 100m fund with NOMW Capital
Riyadh – Mubasher: National Building and Marketing Company has signed an agreement with NOMW Capital to launch a private investment fund at a capital of SAR 100 million, of which the listed firm will hold 50% stake. The fund, dubbed as NOMW Al …
The loss per share stood at SAR 0.08 in H1-21
15 August 04:40 PM Jabal Omar Development’s losses shrink in H1-21; accumulated losses exceed SAR 2bn
Riyadh – Mubasher: Jabal Omar Development Company incurred net losses after Zakat and tax worth SAR 74.73 million in the first half (H1) of 2021, lower by 89% than SAR 691.37 million in H1-20. The loss per share stood at SAR 0.08 in H1-21, down …
Earnings per share stood at SAR 0.55 in H1-21
15 August 11:49 AM Alandalus Property records 563% leap in H1-21 profits
Riyadh – Mubasher: Alandalus Property Company achieved a jump of 563% in net profits after Zakat and tax to SAR 38.19 million in the first half (H1) of 2021 from SAR 5.76 million in H1-20. Earnings per share stood at SAR 0.55 in H1-21, compared to …
The distribution date will be this Thursday
4 August 10:13 AM Mulkia to distribute REIT fund’s dividend this week
Riyadh – Mubasher: Mulkia Investment Company will be paying the announced cash dividends to the unitholders of Mulkia Gulf Real Estate REIT Fund as of Thursday, 5 August, according to a bourse filing to Tadawul. The fund manager, Mulkia …
Sales shrank by 44% to SAR 56 million in H1-21
3 August 03:39 PM Makkah Construction turns to losses at SAR 14m in H1-21
Riyadh – Mubasher: Makkah Construction and Development Company incurred net losses after Zakat and tax worth SAR 14 million in the first half (H1) of 2021, against net profits of SAR 15 million in H1-20. The company posted a loss per share of SAR …
Saudi Ceramic will partially fund the transaction through a Murabaha loan
15 July 01:04 PM Saudi Ceramic buys asset for SAR 56m
Riyadh – Mubasher: Saudi Ceramic Company has signed an agreement on 14 July to purchase a land plot for SAR 55.9 million, excluding real estate tax. The asset spans an area of 111,827 square metres and is located in the new industrial area in …
Etmam granted the certificate to Deer Real Estate
13 July 05:24 PM Al Naqool’s subsidiary receives qualification certificate from Etmam
Riyadh – Mubasher: Deer Real Estate Company, a subsidiary of Mohammed Hassan Al Naqool Sons Company, has obtained a certificate from the Developers Services Center (Etmam), affiliated to the Ministry of Municipal and Rural Affairs and Housing. The …
The asset is located in Riyadh and spans an area of 3,990 square metres
5 July 05:33 PM Al Naqool buys land plot for SAR 16m
Riyadh – Mubasher: Mohammed Hasan Al Naqool Sons Company has purchased a land plot for a total value of SAR 15.87 million in Al Malqa district, according to a bourse filing on Monday. The asset, which is located in Riyadh and spans an area of …
The financial impact of this acquisition is expected to be positive
28 June 04:37 PM Sumou Real Estate acquires 10% stake in property firm
Riyadh – Mubasher: Sumou Real Estate Company has acquired 10% equity in Tanal Real Estate Development and Investment Company for SAR 68.05 million. The financial impact of this stake acquisition is expected to be positive and reflect on the income …
The last payment in June 2030 will be worth SAR 800 million
27 June 12:58 PM Emaar The Economic City receives ministerial nod for rescheduling SAR 5.36bn loan
Riyadh – Mubasher: Emaar The Economic City has received the Ministry of Finance’s approval for rescheduling the payment of a loan totalling SAR 5.36 billion. The company also obtained ministerial approval for capitalising debt commissions for the …
The firm will pay SAR 0.19 per unit as a dividend
24 June 05:26 PM Jadwa REIT Saudi Fund’s unitholders to receive SAR 30m dividends
Riyadh – Mubasher: Jadwa Investment Company will distribute cash dividends worth SAR 30.02 million to the unitholders of Jadwa REIT Saudi Fund. The firm will pay SAR 0.19 per unit as a dividend, with the number of eligible units standing at 158 …
The contract's revenues and profits will be realised in Q3-21
16 June 04:47 PM Red Sea International signs SAR 53m deal with AlUla
Riyadh – Mubasher: Red Sea International Company has penned a three-month contract worth SAR 52.93 million with the Royal Commission of AlUla, according to a bourse disclosure on Wednesday. The listed company will design, construct, supply, and …
The funding will be directed to the infrastructure works of NHC’s current and future projects
2 June 04:51 PM National Housing pens SAR 2bn Murabaha deal with Bank Albilad
Riyadh – Mubasher: The Saudi Minister of Municipal, Rural Affairs, and Housing, Majid bin Abdullah Al Hogail, witnessed the signing of a Murabaha funding agreement worth SAR 2 billion between National Housing Company (NHC) and Bank Albilad, the …