Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Saudi riyal symbol: strategic step toward global financial standing
- Bahrain All Share Index, Islamic Index close lower
- Oman's non-oil exports fall 16% in 2024; re-exports rise 15%
- Oman ranks 58th in 2025 Economic Freedom Index
- QCB foreign reserves grow 3.81% in February 2025
- Doha Bank announces exclusive benefits for NRIs on Visa Platinum Debit Card
- China-US trade war heats up with Beijing's tariffs to take effect
- Saudi Awwal Banks becomes first bank in Saudi Arabia to win Sustainability Program Award 2024 at Capital Markets Forum
- Qatar's international reserves climb 3.81% to $70.29bn in February
- Closing Bell: Tadawul rises on positive trading day, Nomu follows suit
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
| Ticker | Price | Volume |
|---|
10/03/2025
Doha Bank introduced a suite of exclusive offers for NRIs on their Visa Platinum Debit Card, delivering exceptional value across travel, lifestyle, dining, and retail. These carefully curated benefit
The Peninsula
10/03/2025
Saudi Awwal Bank has been awarded the Sustainability Program of the Year 2024 at the Capital Markets Forum (CMF), organized by the Saudi Stock Exchange Group (Tadawul).
This achievement make
Saudi Gazette
10/03/2025
Saudi Aramco has lowered its crude oil prices for Asian buyers in April, marking the first reduction in three months. This price cut aligns with market expectations and follows the decision by OPEC+
Arab News
09/03/2025
United Development Company (UDC), the master developer of The Pearl and Gewan Islands, has continued its global track record of accomplishments by securing three new Guinness World Records. This rema
The Peninsula
07/03/2025
Talabat Kuwait has denied rumors of a security breach, assuring customers and partners that all personal and payment information remains fully secure.
In an official statement, Bader Al-Ghan
Trade Arabia
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia