Government | Thursday 3 April, 2025 1:40 am

REGA mulls rent cap, says CEO

Real Estate General Authority (REGA) studies a cap on increased rents, given that this is one of the international practices to control higher rentals, CEO Abdullah Alhammad told Al-Arabiya TV.   A recent directive was issued by Crown Prince Mohammed bin Salman to rebalance the real...

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Government | Thursday 3 April, 2025 1:19 am

LCGPA adds 116 products to mandatory list of national products

The Local Content and Government Procurement Authority (LCGPA) added 116 products to the mandatory list of national products across four main sectors, pharmaceuticals, medical supplies, paper consumer products, as well as personal and household equipment and supplies.   Abdulrahman...

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Government | Thursday 3 April, 2025 1:17 am

New commercial register, trade names laws effective as of April 3

The Ministry of Commerce announced that the new commercial register and trade names laws will come into effect on Thursday, April 3.   The move is part of the government's efforts to develop the commercial environment and simplify procedures in the Kingdom.   The...

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Government | Thursday 3 April, 2025 1:00 am

Regulations of Trade Names, Commercial Register Laws approved

The Ministry of Commerce approved the regulations of the Trade Names Law and the Commercial Register Law, according to Umm Al-Qura Official Gazette.   The ministry aims to regulate the procedures for registration in the commercial register and facilitate business...

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Government | Monday 31 March, 2025 5:21 am

RCRC set to launch platform for residential land applications

Ibrahim Al-Sultan, CEO of the Royal Commission for Riyadh City (RCRC), said the authority will start immediately to implement Crown Prince Mohammed bin Salman’s directives to provide developed and planned residential lands for citizens in Riyadh.   Al-Sultan confirmed that work is...

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Business & Money | Monday 31 March, 2025 5:05 am

CMA publishes study on evaluating compensation opportunities for affected parties

The Capital Market Authority (CMA) published a study on the "Assessment of Compensation Opportunities for Affected Parties in the Capital Market," which examines the increasing frequency of compensations arising from announcements of punitive decisions against violators of the Capital Market...

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Business & Money | Friday 28 March, 2025 7:04 am

UQDC partially repays credit facilities with Alinma Bank from IPO proceeds

Umm Al Qura for Development and Construction Co. (UQDC) used as much as SAR 1.5 billion from its recent initial public offering’s (IPO) net proceeds for the partial settlement of its existing credit facilities with Alinma Bank.   Accordingly, the repaid credit limits are to be...

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Beauty & Style | Friday 28 March, 2025 6:40 am

"Jazeera Paints" Innovating Colors and Designs Inspired by Our Heritage, Reflecting the Spirit of Saudi Regions

 “Jazeera Paints”, the leading company in the industry of paints, colors and construction solutions in KSA and MENA, has launched a national initiative in collaboration with the Architecture and Design Commission. The initiative brings together a select group of Saudi designers and artists ...

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Business & Money | Thursday 27 March, 2025 1:13 pm

SHL renews SAR 200M credit facilities with Bank AlJazira

SHL Finance Co. renewed on March 26 a Shariah-compliant credit facility agreement worth SAR 200 million with Bank AlJazira.   SHL will use the five-year financing to expand and boost sales volumes, in line with its plans and future strategy, according to a statement to...

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Business & Money | Thursday 27 March, 2025 1:08 pm

MEPCO to acquire Al-Medan Project in SAR 91M deal, issue new shares

Middle East Paper Manufacturing and Production Co. (MEPCO) signed today, March 27, a share purchase agreement to acquire full ownership of Al-Medan Project Company for Corrugated Carton (MPCCC). The deal includes purchasing 1,000 ordinary shares, representing the entire capital of the MPCCC,...

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