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- Lebanon receives preliminary approval to increase World Bank loan to $400m
- China Exempts Some Goods from US Tariffs to Limit trade War Pain
- Saudi Arabia completes 674 Vision 2030 initiatives, achieves 93% of KPIs as 9th year milestone marked
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- Gold prices drop more than 1%
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15/12/2009 00:00 AST
announced, in a press release this week, the capital increase of ALARGAN Projects (formerly known as ALARGAN Homes), in which ALARGAN International owns 48.34 percent. ALARGAN Projects recently increased its capital from 90 million to 330 million Saudi riyals, equivalent to 367 percent and is to be executed over two phases. ALARGAN International Real Estate Company contributed to the first phase of the capital increase of 90 million to 210 million riyals. The second phase of the increase will be from 210 million to 330 million riyals.
Vice-Chairman of the Board of Directors of ALARGAN Projects and the Chairman and Managing Director of ALARGAN International Real Estate Company, Khaled Al-Mashaan stated, "The capital increase at this current stage is in line with the companys strategy and the markets need for middle-income residential housing units which cater to the demand-drivers and demographics of the Saudi Arabian market." The Board of Directors also discussed a number of topics related to the Companys current and future investments.
ALARGAN Homes has several projects in various regions in the Kingdom of Saudi Arabia worth approximately 1.4 billion riyals and extending over 5,000,000 square meters. Located northeast of the capital city, Manazel Qurtoba is one of the largest residential projects in Al-Riyadh. Manazel Qurtoba is a residential development comprising of a mixture of villas, apartments and duplexes and includes a commercial component.
Al Watan
16/03/2014
The Head Quarters of ALARGAN International Real Estate Company in the waterfront Argan Business Park in Shuwaikh Free Trade Zone, has been awarded LEED(r) Platinum certification for Commercial Interi
Arab Times
21/01/2012
Capital Intelligence (CI), the international credit rating agency, announced that it has assigned an initial BBB- rating to the forthcoming KD26.5m unsecured bond issue by Alargan International Real
AME Info
21/05/2011
Alargan Towell Investment Company announced its latest financing scheme for buyers who wish to own a house in its mixed-use development, Beyout AlFaye, located in Al Khoudh. The Company offers flexib
AME Info
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26/04/2025
Adnoc Distribution, a leading fuel distributor and convenience store operator, has unveiled plans for a major expansion of its electric vehicle (EV) charging infrastructure, increasing its charging p
Trade Arabia
25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
Financial Information Co.
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