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Real Estate

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29 September 05:59 PM Retal unveils SAR 112.5m sale deal in Al Khobar city
  Riyadh – Mubasher: Retal Urban Development Company sold its 50% share in a land plot spanning 250,000 square metres in Al Khobar city at a total cost of SAR 112.50 million on 28 September 2022. Located in Aziziya district, the asset’s book value …
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29 September 05:40 PM Arriyadh Development to pay SAR 0.25/shr dividend for H1-22
Riyadh – Mubasher: Arriyadh Development Company has decided to disburse a dividend of SAR 0.25 per share, representing 2.50% of the share nominal value, for the first half (H1) of 2022. The Tadawul-listed firm will pay out a total of SAR 44.44 …
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28 September 05:33 PM Sumou Real Estate pens SAR 305m deal with National Housing
Riyadh – Mubasher: Sumou Real Estate Company has sealed a development agreement with the National Housing Company at a total cost of SAR 305 million. The two parties signed the 36-month deal for the Area Apt Zone 4A and 4B of Al Aali project in …
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26 September 11:31 AM Retal sells 50% equity in land plot for SAR 67.4m
Riyadh – Mubasher: Retal Urban Development Company has sold its 50% stake in land located in Al Khobar city to Maali Holding Company at a value of SAR 67.43 million. Built on an area spanning 44,959 square metres in Aziziya district, the asset’s …
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25 September 09:47 PM Masar Destination, Future Investment Initiative Foundation Strategic Partner, participates in New York ‘PRIORITY’ Summit
Riyadh - Mubasher: Umm Al-Qura Development and Construction Company, owner and developer of Masar, the 100 billion riyal destination, participated in Future Investment Initiative Foundation summit hosted in New York on Thursday, September 22nd on …
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21 September 04:53 PM Retal seals SAR 864m sub-development agreement
Riyadh – Mubasher: Retal Urban Development Company has signed a sub-development deal with the National Housing Company at an estimated cost of SAR 864 million for a project in Riyadh. Under the 42-month agreement, the Saudi listed firm will …
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20 September 03:28 PM Sumou Real Estate unveils SAR 403m development project
Riyadh – Mubasher: Sumou Real Estate Company signed a development agreement worth SAR 403 million with the National Housing Company in Riyadh for Area No. 1/B of Dahiyat Al Fursan 1 and 2. Upon the 42-month deal, the Saudi listed firm will build …
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7 September 03:44 PM State Properties General Authority signs agreement with Um AlQura for Development to acquire shares in SAR 100bn Masar
Riyadh – Mubasher: State Properties General Authority signed an acquisition of shares agreement with Um Al-Qura Development and Construction Company, owner and developer of Masar Destination in Makkah, in exchange for their private real estate, …
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4 September 04:44 PM Arab Sea to buy asset owned by Chairman
Riyadh – Mubasher: Arab Sea Information System Company announced signing a sale and purchase agreement to fully acquire a real estate asset worth SAR 52.50 million owned by the board’s Chairman, Mohammed bin Saleh Al Suhaibani. This will be done …
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28 August 06:26 PM Alandalus Property announces SAR 0.25/shr dividend for H1-22
Riyadh – Mubasher: The board of Alandalus Property Company announced an interim cash dividend distribution of SAR 0.25 per share, representing 2.50% of the share nominal value, for the first half (H1) of 2022. The Saudi listed firm will disburse a …
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28 August 11:40 AM Jabal Omar’s EGM approves raising capital to SAR 11bn
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Jabal Omar Development Company approved the board’s recommendation to raise the company’s capital to SAR 11.54 billion from SAR 9.29 billion. Hence, the company’s shares will be …
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25 August 07:08 PM Dar Alarkan's profits exceed SAR 313m in H1-22
Riyadh – Mubasher: Dar Alarkan Real Estate Development Company posted a 515.38% surge in net profit after Zakat and tax to SAR 313.60 million during the first half (H1) of 2022, versus SAR 50.96 million in H1-21. Revenues increased by 104.64% …
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23 August 09:37 AM Al Akaria turns profitable in H1-22
Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) turned to profitability in the first half (H1) of 2022, gaining SAR 15.86 million in net earnings, against SAR 13.72 million in the corresponding period in 2021. The real estate developer …
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22 August 10:05 AM Sumou Real Estate signs SAR 540m development deal
Riyadh – Mubasher: Sumou Real Estate Company has inked a SAR 540 million development agreement for Area No. 2 of Abyar Ali project (Al Samiya residential project) with the National Housing Company in Madinah. Under the deal, Sumou will build up to …
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21 August 07:35 PM Jabal Omar posts higher losses in H1-22; accumulated losses hit SAR 1.49bn
Riyadh – Mubasher: The net losses after Zakat and tax of Jabal Omar Development Company enlarged by 316.29% year-on-year (YoY) to SAR 311.09 million in the first half (H1) of 2022, versus SAR 74.73 million. The company generated SAR 391.29 million …
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16 August 04:40 PM WiredScore names John Hilliard as Mideast lead
Mubasher: WiredScore announced appointing John Hilliard to lead the company’s expansion into the Middle East. In his new role, Hilliard will form an integral part of WiredScore’s wider offering to Middle Eastern real estate developers, landlords, …
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15 August 10:13 AM Red Sea International’s accumulated losses down to 0% of capital
Riyadh – Mubasher: Red Sea International Company said its accumulated losses have dropped to 0% of the company’s capital, according to a stock exchange statement on Monday. The company's accumulated losses stood at SAR 297.65 million as of 31 …
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14 August 10:27 AM Alandalus Property’s profits down 7.7% in H1-22
Riyadh – Mubasher: The net profits of Alandalus Property Company dropped by 7.7% year-on-year (YoY) during the first half (H1) of 2022 to SAR 35.25 million, compared to SAR 38.19 million in H1-21. The lower profits were attributed to a drop in the …
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8 August 06:37 PM Shareholders of Al Akaria’s unit greenlight capital cut
Riyadh – Mubasher: The shareholders of Al Widyan Saudi Real Estate Company, a fully-owned subsidiary of Saudi Real Estate Company (Al Akaria), agreed to reduce its capital from SAR 100 million to SAR 500,000. The new capital will be distributed …
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7 August 10:19 AM Amlak International sees higher profits in H1-22 interim results
Riyadh – Mubasher: Amlak International for Real Estate Finance Company has posted a 4.24% year-on-year (YoY) rise in its net profit for the first half (H1) of 2022 to SAR 55.68 million, versus SAR 53.41 million. Earnings per share (EPS) edged up …
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2 August 12:32 PM Arriyadh Development’s profits fall 23% in H1-22 initial results
Riyadh – Mubasher: Arriyadh Development Company has logged net profits after Zakat and tax of SAR 196.30 million during the first half (H1) of 2022, an annual drop of 22.85% from SAR 254.44 million. Revenues inched down by 0.91% year-on-year (YoY) …
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25 July 05:14 PM Makkah Construction turns profitable at SAR 86m in H1-22
Riyadh – Mubasher: Makkah Construction and Development Company has turned to net profits after Zakat and tax of SAR 86 million during the first half (H1) of 2022, versus net losses of SAR 14 million in H1-21. The company also posted earnings per …
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18 July 04:30 PM GFH acts joint lead manager on Dar Alarkan's $400m Sukuk issuance
Mubasher: GFH Financial Group has acted as a joint lead manager on the pricing and issuance of a $400 million Sukuk by Saudi Arabia-based Dar Alarkan Real Estate Development Company. The three-year Sukuk, which marks the company's 12th market …
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3 July 05:01 PM Al Akaria’s unit obtains EGM nod for capital cut
Riyadh – Mubasher: The shareholders of Real Estate Construction Company (Tamear), a fully-owned subsidiary of Saudi Real Estate Company (Al Akaria), have approved to reduce its capital from SAR 100 million to SAR 34 million. After the decrease …
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30 June 12:30 AM Cityscape to make Bahrain debut in November
Mubasher: The region’s real estate exhibition Cityscape will be launched in Bahrain for the first time in November 2022, taking place at the new Exhibition World Bahrain. The three-day event will cover the entire real estate ecosystem such as …