• register
Learn about the most important Saudi legislation and its amendments
in single version according to the latest amendment.
Discover many laws, regulations, resolutions and Relevant Legislation.
advanced search

Dear Customer: The Arab Lawyers Network apologizes for the temporary inconvenience related to the verification code via mobile and would like to inform you that the code will be sent via email. Please contact customer services for any further inquiries.

Press Dossier   News Category    Real Estate    Saudi Real Estate Co. aims to invest $1.6bn within 5 years, CEO says

Arab News, Tuesday, Jun 07, 2022 | Zul Qaadah 7, 1443

Saudi Real Estate Co. aims to invest $1.6bn within 5 years, CEO says

Saudi Arabia: Saudi Real Estate Co., also known as Alakaria, aims to invest SR6 billion ($1.6 billion) over the next five years, the firm’s CEO said in an interview with Al-Arabiya.

The investment is planned to be in existing projects between 35 and 45 years old, reviving multi-use projects and residential developments, Ibrahim Alwan added. 

This comes following the company’s general assembly agreement to raise the firm’s capital by 56 percent to reach SR3.75 billion.

Alakaria previously explained that the increase in capital was aimed at financing and implementing its future plans, expanding its activities and repaying part of the credit facilities.

Page 1 Of 1
SAUDI LAWS
We seek to publish the laws and legislation of Saudi Arabia translated into English on our website, in addition to many other services characterized by the Network of Arab Lawyers such as providing a version of the legislation in accordance with the latest amendment, preparing for legislation Profile and Linking legislation compiled by a link and facilitating the search process and classifying and Cataloging legislation, as well as providing professionalism translation of laws and legislation that contributes to enriching the legal field to serve national lawyers, Arbitration tribunal and foreign investors.
Terms of use
Subscribing to the site, the subscriber is subject to the penalty of maintaining the honesty and direct responsibility for all violations or infringements of the rights of the owner, whatever they may be, including printing and copying more than the rate agreed by the management of the site according to what it sees within the scope of the policy of fair use and the exploitation of any document of the site commercially and in any way. (The maximum print operations do not exceed 300 pages per year for a package of $2,000 per encyclopedia, with the web page on which fair use policy rates are calculated containing 200 words per page (A4) regardless of the number of pages through which legal content is reviewed through it. More
gulf countries
Maroof certificate