Umm Al Qura for Development & Construction Co. (Masar) signed on Dec. 30 a non-binding memorandum of understanding to establish a real estate private fund. Al-Inma First Development Co. (SPV for Masar-owned Al-Inma Makkah Development Fund I) inked the deal with BIM Capital and Ajbal...
The Royal Commission for AlUla (RCU) announced today, Dec. 29, the lifting of the suspension on the sale and purchase of land and real estate in Central and Southern AlUla, enabling the resumption of property transactions. The decision is aimed to promote comprehensive and...
Alramz Real Estate Co. signed today, Dec. 29, an agreement to establish a Shariah-compliant real estate investment fund with SNB Capital (fund manager) and AWJ Real Estate Co. (landowner), dedicated to the development of the former’s latest residential project in Riyadh, Rabwa...
The Real Estate General Authority’s (REGA) board of directors held its 33rd meeting today, chaired by Minister of Municipalities and Housing Majed Al-Hogail, with the attendance of board members representing government entities and the private sector. The board approved a package ...
Asas Makeen Real Estate Development and Investment Co. said it signed a contract with Tashied Hayat Contracting Co. to carry out construction work on several of its projects in Riyadh, with a total value of nearly SAR 300 million, excluding value-added tax. In a...
Riyadh’s real estate market is undergoing a structural transformation, driven by strategic shifts, the accelerated rollout of Saudi Vision 2030 programs, and a broadening range of investment opportunities across multiple sectors, global property consultancy JLL said. JLL added...
CHUBB Arabia Cooperative Insurance Co. said it signed on Dec. 29 a contract with Saudi Electricity Co. (SEC) to provide various insurance coverages under agreed terms and conditions. In a statement to Tadawul, the company said the contract value does not exceed 10% of its total insurance...
Alinma Retail REIT’s board of directors approved on Dec. 29 the repurchase of 10 million cash units, fund manager Alinma Capital said in a statement to Tadawul. The repurchase is aimed at holding the units as treasury units for use in asset swap transactions when acquiring new...
ACWA Power Co. said it received a notification from ACWA Power China, on Dec. 29, regarding the signing of multiple share purchase agreements to acquire wind power projects in China. In a statement to Tadawul, the company said the projects include one operational unit with a capacity of...
Southern Province Cement Co. said that the new production line at Jazan Cement Plant, which will replace the current production lines, is 98% complete. In a statement to Tadawul, the company said trial operation has commenced in some production stages in accordance with the...
