The Bahrain Logistics Zone (BLZ), part of the Transportation Ministry's Ports and Maritime Affairs, has signed a tenancy agreement with Bandar Al Khaleej, a leading Saudi developer of warehouses and logistics facilities.
Saudi Arabia's Dar al-Arkan, the kingdom's largest property developer, said its second-quarter net profit rose 11 per cent to SR331 million ($88 million), missing analyst expectations.
A group of six analysts had forecast that Dar Al Arkan
Saudi developer Jabal Omar has signed a loan agreement for SR3 billion ($800 million) with the finance ministry to complete some of its projects in Makkah, the company announced.
'The loan will be repayed over eight years, two of which
Saudi developer Jabal Omar will use part of the proceeds from a rights issue to pay back a SR350 million ($93.33 million) bridge loan from Al-Rajhi Bank, it said in a prospectus.
Jabal Omar said on Sunday its shareholders approved a 3