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31 December 12:04 PM

Real Estate

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29 September 03:09 PM ONE Development enters Egyptian market to expand regional expansion
Cairo - Mubasher: UAE-based ONE Development has officially entered Egypt's real estate market with the launch of DO New Cairo, according to a press release. In partnership with global music icon Amr Diab, the flagship hospitality project’s …
Companies Investments
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1 July 04:00 AM Umm Al Qura signs tripartite deal for SAR 1.4bn real estate fund
Riyadh - Mubasher: Umm Al Qura for Development and Construction, the owner, developer and operator of Masar Destination, plans to launch a real estate private fund with an estimated capital of SAR 1.40 billion.The company penned a tripartite memorand
Companies Investments
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29 June 04:00 AM Umm Al Qura sells land plot in Masar project for SAR 256m
Riyadh - Mubasher: Umm Al Qura for Development and Construction, the owner, developer and operator of Masar Destination, has signed a land sale deal worth SAR 255.76 million.The transaction covers a 2,500 square meter plot within the Masar project in
Companies Investments
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24 June 04:00 AM Asas Makeen, Kuwait’s Securities House to boost Saudi Arabia’s real estate sector
Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company signed a memorandum of understanding (MoU) with The Securities House, a Kuwaiti public joint stock company listed on Boursa Kuwait.The MoU, signed on 22 June 2025, supports
Companies Investments
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16 June 04:00 AM Asas Makeen pens SAR 240m development agreement with NHC
Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company has signed a SAR 240 million agreement with the National Housing Company (NHC).The project aims to develop the Tali’at Al-Mashraqiyah project in eastern Riyadh, according t
Companies Investments
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15 June 05:21 PM Madinet Masr, Waheej mull developing JV in Saudi Arabia
Cairo – Mubasher: Madinet Masr Housing and Development penned a memorandum of understanding (MoU) with Waheej for Real Estate to expand its presence in the Saudi real estate market. Madinet Masr and the licensed Saudi real estate developer will …
Real estate
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12 June 08:56 PM Asas Makeen to float shares on Nomu next week
Riyadh – Mubasher: Asas Makeen Real Estate Development and Investment Company is scheduled to commence listing its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) on Monday, 16 June 2025. Asas Makeen will float 1 million …
Companies Investments
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4 June 05:42 PM Sumou Real Estate pens SAR 562.5m deal for Sedco Capital’s project
Riyadh – Mubasher: Sumou Real Estate Company inked a SAR 562.47 million contract with Sedco Capital Sumou Al Muqarr Fund, represented by Jawharat Al Ghura Real Estate Development Company The company will implement the infrastructure and …
Real estate
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20 May 10:11 AM TMG Holding boosts regional expansion via development deal with Oman
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) signed a deal with the Omani Ministry of Housing and Urban Planning to develop two projects in Oman, according to a press release. Hisham Talaat Moustafa, Chairman of Talaat …
Companies Investments
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23 April 07:52 PM Global group Hilton pens 2 development deals in Egypt
Mubasher: Global hotels and resorts group Hilton signed two new properties in Cairo’s New Administrative Capital (NAC) in partnership with Panax Company, part of Selim Holding Group, according to a press release. Expected to open in 2028, Hilton …
Real estate
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21 April 04:26 PM Sumou Real Estate awarded SAR 680m development agreement
Riyadh – Mubasher: Sumou Real Estate Company announced a SAR 680 million development deal with the National Housing Company to establish more than 900 Residential Villas in the Makkah Gate project. The company was awarded the project on 20 April …
Real estate
UAE Ministry of Finance
11 April 01:53 AM UAE Cabinet issues decision on non-residence’s nexus linked to corporate tax law
UAE – Mubasher: The UAE Ministry of Finance has announced a new decision that specifies the cases in which a non-resident juridical investor in a Qualifying Investment Fund (QIF) or Real Estate Investment Trust (REIT) is considered to have a nexus …
Taxes
Ras El-Hekma
1 April 06:09 PM Modon collaborates with Elsewedy Industrial Development for Egypt’s Ras El-Hekma
Abu Dhabi – Mubasher: The UAE’s Modon Holding has teamed up with Elsewedy Industrial Development to build and operate a new industrial zone for the Ras El-Hekma city megaproject in Egypt, according to a press release. The two companies signed a …
Global Economy
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24 March 05:48 PM Umm Al Qura makes Tadawul debut amid 85% surge in 2024 revenue
Riyadh – Mubasher: Umm Al Qura for Development and Construction debuted on the Saudi Exchange’s (Tadawul) Main Market at SAR 15 per share in line with the announcement of its financial results for the full-year ended on 31 December 2024. The IPO …
Real estate
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24 March 03:12 PM Umm Al Qura posts 57% leap in net profits during 2024
Riyadh – Mubasher: Umm Al Qura for Development and Construction Company recorded 57.29% year-on-year (YoY) higher net profits at SAR 498.61 million in 2024, compared to SAR 317 million. Revenues hiked by 84.58% to SAR 1.82 billion at the end of …
Financial Results
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23 March 02:40 PM Alandalus Property unveils financials results for 2024, dividends for H2
Riyadh – Mubasher: Alandalus Property Company incurred net losses worth SAR 31.60 million in 2024, against net profits amounting to SAR 36.42 million at the end of December 2023. Revenues climbed by 9.63% year-on-year (YoY) to SAR 235.89 million …
Real estate
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20 March 11:45 AM Dar Al Arkan’s profits near SAR 807m in 2024
Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company recorded 32.10% higher net profits at SAR 806.84 million at the end of December 2024, versus SAR 610.76 million in 2023. Revenues hiked by 38.86% to SAR 3.75 billion last year from …
Financial Results
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9 March 10:49 AM Palm Hills unveils EGP 3.2bn consolidated profits in 2024, regional expansion plans
Cairo – Mubasher: Palm Hills Developments Company registered 106% higher consolidated net profits after tax and minority interest at EGP 3.25 billion in 2024, compared to EGP 1.58 billion. Earnings per share (EPS) increased to EGP 1.12 last year …
Real estate
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6 March 10:26 AM Jabal Omar sees 434% higher net profits in 2024
Riyadh – Mubasher: Jabal Omar Development Company recorded 433.80% year-on-year (YoY) higher net profits at SAR 200.07 million in 2024, compared to SAR 37.48 million. Revenues jumped by 43.31% to SAR 1.90 billion as of 31 December 2024 from SAR …
Real estate
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6 March 04:00 AM Makkah Construction unveils 23% higher profits in 2024, dividends proposal
Riyadh – Mubasher: Makkah Construction and Development Company registered SAR 411 million in net profit as of 31 December 2024, which marked a 23.05% year-on-year (YoY) growth from SAR 334 million.Revenues hiked by 14.36% to SAR 836 million last year
Board of Directors
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4 March 06:21 PM DAMAC Properties joins ADIB to facilitate home ownership for UAE residents
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has teamed up with DAMAC Properties to introduce a home financing solution enabling UAE residents to secure financing for off-plan properties once construction reaches 35% completion. This makes …
Global Economy
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2 March 06:02 PM Retal’s sales hit SAR 2bn in 2024; dividends for H2 unveiled
Riyadh – Mubasher: Retal Urban Development Company logged net profits after tax valued at SAR 266.12 million in 2024, an annual rise of 31.51% from SAR 202.35 million. Sales hiked by 50.92% year-on-year (YoY) to SAR 2.06 billion at the end of …
Real estate
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4 February 06:25 PM Riyadh Development’s shareholders approve 31.5% capital raise
Riyadh – Mubasher: The shareholders of Riyadh Development Company greenlighted a 31.58% capital hike to SAR 2.33 billion from SAR 1.77 billion. The Tadawul-listed company will use the proceeds of the capital raise to acquire two real estate assets …
Companies Investments
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2 February 08:05 PM Armah signs SAR 224m contract with Banan Real Estate’s affiliate Qimam Nashaz
Riyadh – Mubasher: Armah Sports Company has inked a development and operation agreement with Qimam Nashaz Real Estate Development Company, an affiliate of Banan Real Estate Company, to develop two fully equipped fitness clubs on the Northern Ring …
Real estate