• register
Learn about the most important Emirati 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 developer Alakaria secures $106.6m loan for Riyadh land purchase

Arab News, Sunday, Jan 23, 2022 | Jamada Al-Aakhirah 20, 1443

Saudi developer Alakaria secures $106.6m loan for Riyadh land purchase

Saudi Arabia: The Saudi Real Estate Co., also called Alakaria, has secured a bridge loan of SR400 million ($106.6 million) to finance part of the price of the land it’s purchasing in the east of Riyadh. 

The Shariah-compliant loan is provided by Al Jazira bank, the company said in a bourse filing, with a financing duration of 360 days. 

Alakaria earlier said it was buying raw land in the east of Riyadh with a total value of SR727.09 million. The rest of the funds will come from the developer’s “self-generated resources.”
Page 1 Of 1
EMIRATI LAWS
We seek to publish the laws and legislation of Emirate 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 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