Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - Abdulaziz Alsaghyir concludes SR500m deals  Join our daily free Newsletter

MENAFN - Arab News - 06/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Abdulaziz Alsaghyir Holding - one of the major companies specialized in investment, contracting, building materials and real estate development sectors - has announced that the volume of company investments in the real estate sector for 2013 exceeded SR500 million.
The real estate investment deals concluded by the company throughout last year were mainly concentrated in three major countries - Saudi Arabia, the US and the UK.
Waleed Alsaghyir, VP at Abdulaziz Alsaghyir Holding, said throughout 2013 the company entered into real estate deals in a range of global real estate markets with the purpose of accomplishing a bundle of investment targets. At the foremost of these targets was entering the American real estate market in order to accomplish about 9 percent annual cash return where dissociation takes place in five years.
A number of current real estates were acquired in some of the major states of strong economics, including Texas, California and the Capital Washington, DC.
Abdulaziz Alsaghyir Holding invests in the Saudi residential real estate sector through one of its real estate companies - Maskan Arabia Co. - in which it possesses ownership stakes of about 70 percent.
The company was originally founded for the purpose of providing high quality housing solutions and crafting the most prestigious housing standards through launching a number of villa projects that enjoy elegance of design and uniqueness of execution, according to a statement.
The company's investment portfolio consists of a broad range of residential projects, and throughout the past three years Maskan Arabia managed to deliver three projects comprising 114 residential units.
The most prominent among the company's residential projects are Maskan Villa, Maskan Villa and Al Dar Project in the Al Ma'athe district in Riyadh. Currently, Maskan Arabia plans to complete its latest and huge residential project Ritaj, which the company has started to develop in northern Riyadh and comprises 292 residential units.


Waleed Alsaghyir, VP at Abdulaziz Alsaghyir Holding, clarified that the real estate sector is of great importance to the company. "By virtue of the wide experience that it has acquired through its investments and presence in the global and local real estate markets since a long time ago, Abdulaziz Alsaghyir Holding always regards the real estate sector as an important and desired commodity regardless of the fluctuations, which might affect it from time to time in light of its nature and due to the changes in the world economic cycle," he added.


"Yet after all, the real estate sector remains to be a strategic, defensive, dynamic and rewarding sector at the same time; likewise, the demand for this sector is constantly rising not to mention the increase in population. In light of the previously mentioned, the company focused on this kind of investment and distributed its investment portfolio - whether in terms of the geographical aspect of target markets or the type of return on investment - via getting engaged in global real estate markets

," he said.
Alsaghyir expects that the Saudi real estate sector will continue the march of prosperity that it has started a few years back given the establishment of an independent ministry mainly concerned with housing, issuance of executive regulations for the mortgage system as well as the government initiatives - represented in the Ministry of Housing - in supporting citizens to attain their own residential units.

 






  MENA News Headlines
 Aug 28 2014 - IMF chief Christine Lagarde under investigationKhaleej Times
(MENAFN - Khaleej Times) The source said Lagarde who earlier was questioned by magistrates in Paris under her existing status as a witness considered their decision to investigate her for alleged ...

 Aug 28 2014 - Modi slams whispering campaign against home ministerKhaleej Times
(MENAFN - Khaleej Times) Rajnath Singh gave an emotional statement to the media saying he would quit public life if reports about his adult son proved to be true.Indian Prime Minister Narendra Modi ...

 Aug 28 2014 - Work-shirkers in in Indian tax dept to face musicKhaleej Times
(MENAFN - Khaleej Times) As part of Prime Minister Modis Clean India Campaign the CBDT also asked its controlling and administrative officers to conduct surprise checks of the staff attendance and ...

 Aug 28 2014 - PM should apply wisdom on tainted MPs says Indian SCKhaleej Times
(MENAFN - Khaleej Times) Top court says people with criminal record are not expected to become part of government.India’s top court said Wednesday lawmakers with criminal backgrounds should not ...

 Aug 28 2014 - Indian PM Narendra Modi eyes breakthrough nuclear pact on Japan tripKhaleej Times
(MENAFN - Khaleej Times) Narendra Modi travels to Japan on Saturday for a five-day visit his first major bilateral trip since taking over in May.India is hoping to win Japanese backing for a nuclear ...

 Aug 28 2014 - Season II of 24 will be as thrilling as first one promises Anil KapoorKhaleej Times
(MENAFN - Khaleej Times) Anil who featured in the eighth season of the US version of the show played Anti-Terrorist Unit chief Jai Singh Rathod in the desi version which he produced for channel ...

 Aug 28 2014 - Breaking Bad and Modern Family bag trophies at glitzy Emmy AwardsKhaleej Times
(MENAFN - Khaleej Times) ABCs Modern Family won a fifth best comedy series Emmy tying the record set by Frasier while the final season of AMCs Breaking Bad captured the top drama award and a trio of ...

 Aug 28 2014 - Bipasha Basus double date with DubaiKhaleej Times
(MENAFN - Khaleej Times) Bipasha will walk the ramp for India Fashion Week that is being held from 4-6 September at Jumeirah Emirates Towers.Bollywood hottie Bipasha Basu will be in Dubai for two ...

 Aug 28 2014 - Katrina Kaif's sister to dance to 'Dal Makhani'Khaleej Times
(MENAFN - Khaleej Times) Katrina Kaif keeps close watch on sister Izabelles debut movie Dr.Katrina Kaif’s sister Izabelle loves Indian food specially Dal Makhani. So the team of Indo-Canadian ...

 Aug 28 2014 - Morais opens up on his novel 'The Hundred-Foot Journey'Khaleej Times
(MENAFN - Khaleej Times) We speak to Hundred-Foot Journey author Richard C.A deep love of food and and an old friendship prompted journalist and author Richard C. Morais to write his cross-cultural ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help