Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Saudi Arabia issues over 1,600 residential plots in September

Saudi Arabia has announced new permit procedure.
  • The Sakani scheme runs in partnership with the private sector
  • It also channels financing options to people who can also construct their own homes

Saudi Arabia has issued a total of 1,664 new contracts for residential plots in September, said local reports on Tuesday, October 12.

The plots are said to have been issued under the country’s Sakani Housing program.

The program itself is reportedly a part of Saudi Arabia’s drive to increase homeownership among the Saudi families.

The plots issued include 333 in capital Riyadh, 421 in Makkah, and 143 in the Eastern Region, said the local reports.

Another 115 plots had been issued in Jazan, and 166 in Najran, the reports said.

A total of 158 plots were issued to families in the Qassim region, 82 within the Hail region, and 39 in Asir region.

There have been 49 plots issued for residential beneficiaries in Al Jawf region, five in Al-Baha, 23 in the Northern Borders, 32 in Madinah, and 98 plots in the Tabuk region.

The Sakani scheme reportedly runs in partnership with the private sector and channels financing options to people who can also construct their own homes.

More than 145,000 families are said to have benefited from the Sakani program since the beginning of this year until August.