Business & Money | Wednesday 31 December, 2025 10:24 am

Makkah Construction purchases land plot worth SAR 980M

Makkah Construction and Development Co. purchased a land plot in an auction, held in Makkah by Adeer Real Estate Co. on Sept. 30, for SAR 980 million, including commission fees and real estate tax. In a statement to Tadawul, the company said the land plot is located on Ajyad street, Makkah,...

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Business & Money | Wednesday 31 December, 2025 10:22 am

Masar inks MoU to set up private real estate fund with SAR 221M capital

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...

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Government | Wednesday 31 December, 2025 1:03 am

Council of Economic and Development Affairs reviews key topics, reports

The Council of Economic and Development Affairs held a meeting via video conference today, during which it reviewed a number of key topics and reports.  During the meeting, the council followed up on several procedural matters, including draft laws on general education, consumer...

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Business & Money | Wednesday 31 December, 2025 1:01 am

Ban on property trading in Central, Southern AlUla lifted

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...

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Business & Money | Wednesday 31 December, 2025 12:00 am

Alramz sets up real estate fund worth SAR 2.5B for residential project

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...

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Business & Money | Tuesday 30 December, 2025 11:51 am

REGA board OKs updates to Owners Association Law

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 ...

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Government | Tuesday 30 December, 2025 11:47 am

Insurance Authority to mandate coverage for crowded venues

Saudi Arabia plans to introduce mandatory public liability insurance for crowded public venues such as hospitals, restaurants, hotels and malls, Naji Al-Tamimi, CEO of Insurance Authority, said.   The aim is to protect third parties from potential harm caused by accidents or fires,...

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Business & Money | Tuesday 30 December, 2025 11:44 am

Asas Makeen signs SAR 300M construction deal for Riyadh projects

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...

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Business & Money | Tuesday 30 December, 2025 11:41 am

JLL sees structural shift in Riyadh real estate

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...

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Business & Money | Tuesday 30 December, 2025 11:38 am

CHUBB Arabia signs insurance contract with Saudi Electricity

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...

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