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Musharaka REIT Fund subscription coverage reaches 1,021% - Musharaka Capital
17 August 09:54 PM Musharaka REIT Fund subscription coverage reaches 1,021% - Musharaka Capital
Riyadh – Mubasher: The subscribtion coverage ratio of listing Musharaka real estate investment traded fund “Musharaka REIT Fund” reached 1,021%, at a value of SAR 880 million, Saudi Arabia-based Musharaka Capital on Thursday said. The subscribers …
Saudi Arabia-based, Kingdom Holding on Thursday denied that its chairman Alwaleed bin Talal will purchase a stake in on of the Russian banks
17 August 04:03 PM Bin Talal denies Russia banking investment, eyes other options
Riyadh – Mubasher: Saudi Arabia-based Kingdom Holding on Thursday denied that its chairman Alwaleed bin Talal will purchase a stake in a Russian bank, according to a press release. The statement came during a meeting between bin Talal and Alexey …
Jadwa Investment forecast that the Saudi governmental expenses will improve in the second half of 2017
16 August 08:32 PM KSA governmental expenses expected to improve in H2 – Jadwa Investment
Riyadh – Mubasher: Jadwa Investment forecast that the Saudi governmental expenses will improve in the second half of 2017. The lower-than-expected drop of oil prices may lead to a decrease in capital spending expenses, below expectations of SAR …
The group called sub-contractors to submit pricing proposals to Saudi Binladin by mid-September
16 August 10:12 AM Saudi Binladin Group to resume work at Abraj Kudai
Riyadh – Mubasher: Saudi Binladin Group is planning to restart work on the $3.5-billion Abraj Kudai in Mecca, Russia Today reported. A financial squeeze halted construction in 2015 following the drop in oil prices. The 10,000-room hotel when …
Net profits stood at SAR 35 million in Q2-17, compared to SAR 239 million in Q2-16, according to a bourse filing
3 August 07:44 PM Emaar The Economic City profits drop 85% in Q2
Riyadh – Mubasher: Emaar The Economic City on Thursday said its net profits slid 85.4% year-on-year in the second quarter of 2017. Net profits stood at SAR 35 million in Q2-17, compared to SAR 239 million in Q2-16, according to a bourse filing. …