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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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08/08/2025
Burjeel Holdings, a leading super-specialty healthcare services provider in MENA, has delivered a strong top-line growth of 18.7% to AED1,403 million ($381.98 million) in Q2 2025, driven by a 12.1% i
Trade Arabia
08/08/2025
Saudi Arabian Mining Company (Maaden) has reported a 73% jump in its net profit for the first half, which soared to SAR3.47billion ($924 million) from SAR2.01 billion ($535 million) last year, mainly
Trade Arabia
08/08/2025
Market heavyweight Industries Qatar (IQ) - the holding entity of Qatar Petrochemicals, Qatar Fertiliser and Qatar Steel - has reported net profit of QR2bn in the first half (H1) of 2025.
The
Gulf Times
08/08/2025
Aramex reported group revenues of Dh3.06 billion for the first half of 2025, marking a 1% year-on-year increase, as growth in domestic and regional logistics offset weakness in international express
Gulfnews
08/08/2025
Parkin Company PJSC, the city's largest paid public parking provider, reported a record 56% year-on-year rise in Q2 2025 revenue to Dh320 million, driven by higher public parking tariffs, strong enfo
Gulfnews
Financial Information Co.
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