Masar OKs Dinar Financial's acquisition of SAR 235M land plots
Shareholders of Umm Al Qura for Development and Construction Co. (Masar) approved the transactions and contracts concluded in 2024 with Dinar Financial Co., its subsidiaries, or affiliated investment funds, during the extraordinary general meeting (EGM) held on June 25.
In a statement to Tadawul, the company stated that the transactions involved Dinar Financial acquiring two residential land plots within the Masar project. The sale, valued at SAR 235.05 million, was executed in accordance with the procedures outlined in the company's governance regulations and the Companies Law.
The EGM also approved all other agenda items, the statement added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Argaam
2 hours ago
- Argaam
Public bus transport project starts trial ops in Al-Ahsa
The Al-Ahsa Municipality announced the launch of the trial operations of the public bus transport project. The municipality said on its X account that the project involves a fleet of 41 buses, with routes being gradually activated. In October, Saudi Public Transport Co. (SAPTCO) signed a five-year contract with Al-Ahsa Municipality to operate the public bus network in Al-Ahsa (Al-Mubarraz, Al-Hofuf, Al-Jafr, and Al-Omran) for approximately SAR 93 million, including VAT, according to data available with Argaam.
Argaam
2 hours ago
- Argaam
REGA starts real estate registration in Madinah, Eastern Province
The Real Estate General Authority (REGA) announced the launch of comprehensive real estate registration activities for approximately 40,500 properties in 21 neighborhoods in Madinah, and around 7,540 properties in 41 neighborhoods in the Eastern Province. This is in addition to 35 neighborhoods in Abqaiq Governorate and six neighborhoods in Al-Ahsa Governorate. The registration will take place from July 13, 2025 until Oct. 16, 2025. REGA indicated that first-time registration of properties in these areas will be available through the portal: or the service centers. It noted that comprehensive registration requires the property deed to meet all legal requirements for the registration process to be completed.
Argaam
2 hours ago
- Argaam
ZATCA extends penalty cancellation initiative until December 2025
The Zakat, Tax and Customs Authority (ZATCA) announced that the Minister of Finance decided to extend the penalty cancellation and financial sanction exemption initiative for taxpayers subject to tax regulations for an additional six months, starting from July 1, 2025. In a statement, the authority clarified that the initiative includes exempting taxpayers from penalties for late registration under all tax laws, late payment penalties, and late filing of tax returns under tax laws. This is in addition to penalties for correcting VAT returns, violations identified through field inspections related to e-invoicing compliance, and other general VAT-related penalties.
