Real Estate

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10 September 2025 10:10 AM UAE’s PRYPCO fosters tokenized property investment in MENA via pre-Series A funding

UAE - Mubasher: PRYPCO, the UAE-based proptech platform, has closed a pre-Series A round for an undisclosed value led by General Catalyst, marking its first investment in the Middle East. The move strengthens PRYPCO’s position as one of the …

Companies Investments

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9 September 2025 08:41 AM Al Majdiah to float 30% of share capital on Tadawul this week

Riyadh - Mubasher: Dar Al Majed Real Estate Company (Al Majdiah) is expected to commence trading its shares on the Saudi Exchange (Tadawul) on Wednesday, 10 September. Trading under the symbol 4326, Al Majdiah will list 90 million shares, …

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2 September 2025 11:17 AM Umm Al Qura launches pre-booking model for SAR 329m land sale at Masar

Riyadh - Mubasher: Umm Al Qura for Development and Construction Company introduced a new real estate investment model that allows land sales at the destination through a pre-booking mechanism, according to a press release. By factoring in both …

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2 September 2025 09:40 AM RAK Properties enables crypto payment to attract global buyers

Abu Dhabi - Mubasher: RAK Properties has partnered with fintech Hubpay to allow international clients to purchase property using digital assets, including USDT, BTC, and ETH. Payments are instantly converted to AED and settled directly into the …

Saudi Egyptian Developers

1 September 2025 03:22 PM Saudi Egyptian Developers unveils rebranding to boost regional expansion

Cairo - Mubasher: Saudi Egyptian Developers Company celebrated its 50th anniversary with the launch of a new logo and refreshed visual identity, signaling the start of a new phase of growth and innovation. The rebranding, shaped as a diamond-heart …

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31 August 2025 04:37 PM GCC-focused Riyad Capital leads SAR 500m Sukuk issuance for Sumou Global Investment

Riyadh - Mubasher: Riyad Capital, a leading asset manager within Saudi Arabia and the GCC region, has issued SAR 500 million in SAR-denominated Sukuk for Sumou Global Investment Company. The three-year issuance marks the first of its kind offering …

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27 August 2025 06:00 PM Orascom Construction’s consolidated backlog hits $9.6bn in H1-25, backed by regional operations

Cairo – Mubasher: Orascom Construction logged a consolidated backlog of $9.60 billion in the first half (H1) of 2025, according to the financial results. Earnings before interest, taxes, depreciation, and amortization (EBITDA) hit $139.40 million …

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26 August 2025 10:45 AM Emirates NBD upsizes Dar Global’s syndicated facilities by $165m

Dubai - Mubasher: Emirates NBD has upsized syndicated conventional and Islamic term facilities for Dar Global, the wholly-owned subsidiary of Dar Al Arkan Real Estate Development Company, by $165 million, bringing the total amount to $440 million. …

Banking and Finance

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25 August 2025 11:20 AM PIF-owned SRC launches Saudi Arabia’s 1st RMBS to reinforce real estate finance market

Riyadh - Mubasher: The Saudi Real Estate Refinance Company (SRC), a fully owned subsidiary of the Public Investment Fund (PIF), has launched the Kingdom’s first Residential Mortgage-Backed Securities (RMBS). The transaction backs SRC’s efforts to …

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21 August 2025 00:23 AM UAE-based Coraly.ai secures $2m funding to fuel regional expansion, international market entry

UAE – Mubasher: Proptech company Coraly.ai, formerly known as Coralytics, has recently closed a $2 million pre-seed funding round that was led by Salica Oryx Fund, a MENA-focused early-stage investment vehicle based in Abu Dhabi Global Market …

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19 August 2025 02:37 PM Madinet Masr to launch EGP 300m real estate investment fund in Saudi Arabia

Cairo – Mubasher: Secure Assets for Fixed Earnings (SAFE), owned by Madinet Masr Housing and Development, plans to establish a real estate investment fund in Saudi Arabia, with a target capital of EGP 300 million. This move aligns with the …

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19 August 2025 08:40 AM Sumou Real Estate rolls out SAR 135m contract award

Riyadh - Mubasher: Sumou Real Estate Company was awarded a SAR 135 million contract with Diyar Real Estate Development Fund Company on 17 August 2025, according to a bourse filing. Sumou Real Estate will handle the development and execution of …

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18 August 2025 08:07 AM Umm Al Qura signs SAR 145m sale agreement

Riyadh – Mubasher: Umm Al Qura for Development and Construction penned a sale agreement for a plot of land with a land area of 2,671 square meters within Masar Destination in Makkah Al Mukarrama. The company signed the contract with Jazeel …

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13 August 2025 03:36 PM Al Akaria turns profitable in H1-25; sales cross SAR 1.1bn

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) shifted to net profits valued at SAR 229.60 million in the first half (H1) of 2025, against net losses of SAR 11.30 million in H1-24. The Tadawul-listed company posted a 37.93% year-on-year …

Financial Results

Emaar generates 34% higher net profit before tax in H1-25

6 August 2025 06:13 PM Emaar generates 34% higher net profit before tax in H1-25; property sales hit AED 46bn, Egypt boosts int'l operations

Dubai – Mubasher: Emaar Properties achieved a net profit before tax worth AED 10.40 billion ($2.80 billion) in the first half (H1) of 2025, recording a growth of 34% compared to H1-24, according to a press release. In terms of sales growth, the …

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6 August 2025 09:58 AM Dar Al Arkan’s net profits leap to SAR 448m in H1-25

Riyadh – Mubasher: The net profits of Dar Al Arkan Real Estate Development Company hit SAR 447.96 million in the first half (H1) of 2025, higher by 40.55% year-on-year (YoY) than SAR 318.71 million. Meanwhile, the revenues fell by 2.31% to SAR …

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4 August 2025 10:31 AM Jabal Omar’s profits skyrocket 1,627% in H1-25

Riyadh - Mubasher: Jabal Omar Development Company generated net profits standing at SAR 903.88 million in the first half (H1) of 2025, higher by 1,627% year-on-year (YoY) than SAR 52.32 million. Revenues amounted to SAR 1.24 billion as of 30 June …

Financial Results

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3 August 2025 06:57 AM Makkah Construction’s profits leap by nearly 15% in H1-25

Riyadh - Mubasher: Makkah Construction and Development Company achieved net profits valued at SAR 294 million in the first half (H1) of 2025, up 14.84% year-on-year (YoY) from SAR 256 million. The Saudi group posted revenues amounting to SAR 624 …

Financial Results

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29 July 2025 09:58 AM Modon records AED 10bn sales in H1-25 backed by global expansion

Abu Dhabi - Mubasher: Modon Holding generated net profits after tax valued at AED 2.11 billion in the first half (H1) of 2025, compared to AED 8.73 billion in the year-ago period. Revenues amounted to AED 6.54 billion at the end of June 2025, …

Adeer International and PARAGON Developments

22 July 2025 05:07 PM Egyptian-Saudi collaboration unveiled for Mostakbal City with over EGP 70bn investments

Cairo – Mubasher: Adeer International, a subsidiary of the Saudi Sumou Holding Group, has teamed up with Egyptian real estate firm PARAGON Developments in a strategic partnership that underscores both companies’ commitment to strengthening …

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14 July 2025 03:13 PM Mira Developments launches MENA-focused real estate company via $3m investments

UAE – Mubasher: Mira Developments has invested $3 million into the launch of MENA-focused real estate investment agency Percent&Co, according to a press release. The new joint venture (JV) is developed to attract global investors seeking premium …

Companies Investments

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10 July 2025 06:17 AM Umm Al Qura pens SAR 253m sale deal for Masar Destination project

Riyadh - Mubasher: Umm Al Qura for Development and Construction penned a sale agreement for two land plots with a combined area of 5,368 square meters within the Masar Destination project in Makkah, according to a bourse disclosure. With an …

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2 July 2025 03:24 PM Cityscape Global 2025 to launch in Riyadh in November

Riyadh – Mubasher: Cityscape Global, the largest real estate exhibition, is set to kick off in Riyadh during 17-20 November 2025, according to a press release. Held under the theme ‘The Future of Urban Living’, the event is sponsored by the …

Companies Investments

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1 July 2025 11:11 AM Umm Al Qura signs tripartite deal for SAR 1.4bn real estate fund

Riyadh - Mubasher: Umm Al Qura for Development and Construction, the owner, developer and operator of Masar Destination, plans to launch a real estate private fund with an estimated capital of SAR 1.40 billion. The company penned a tripartite …

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29 June 2025 03:54 PM Umm Al Qura sells land plot in Masar project for SAR 256m

Riyadh - Mubasher: Umm Al Qura for Development and Construction, the owner, developer and operator of Masar Destination, has signed a land sale deal worth SAR 255.76 million. The transaction covers a 2,500 square meter plot within the Masar …

Companies Investments