Business & Money | Wednesday 31 December, 2025 10:32 am

Alkhorayef Water wins SAR 155.1M project with Jeddah Municipality

Alkhorayef Water and Power Technologies Co. (AWPT) announced the award of a project with the Jeddah Municipality, with a total value of SAR 155.09 million, excluding value-added tax (VAT). In a statement to Tadawul, the company said it will carry out operation (cleaning) works for rainwater...

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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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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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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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Business & Money | Tuesday 30 December, 2025 11:36 am

Alinma Retail REIT plans to repurchase 10M units as treasury units

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...

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