Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories


Waleed Alsaghyir

Abdulaziz Alsaghyir Holding – one of the major companies specialized in investment, contracting, building materials and real estate development sectors – has recently announced that the volume of company investments in the real estate sector for 2013 exceeded half billion Saudi Riyals. In this regard, the real estate investment deals concluded by the company throughout the last year were mainly concentrated in three major countries, namely: the United States of America, the United Kingdom and the Kingdom of Saudi Arabia.

Waleed Alsaghyir

Waleed Alsaghyir

Waleed Alsaghyir, Vice President at Abdulaziz Alsaghyir Holding, stated that throughout 2013 the company had entered into real estate deals in a range of global real estate markets with the purpose of accomplishing a bundle of investment targets. At the foremost of these targets was entering the American real estate market in order to accomplish about 9 % annual cash return where dissociation takes place in five years. Additionally, it was expected that the value of the acquired real estate would increase at dissociation, thus achieving the investment target required. Consequently, we invested in the American real estate sector which is starting to be back on track after expiration of the negative consequences inflected by the world economic crises; actually the real estate situation in America is currently flowing from good to better. Within this context, a number of current real estates were acquired in some of the major states of strong economics including Texas, California and the Capital Washington, D.C.

“Other investment targets include entering the European real estate markets in order to achieve an internal rate of return on investment that is up to 30 % – where dissociation takes place in two or three years – via establishing and developing a number of residential projects in significant sites in Europe. Hence, we invested in establishing and developing real estates in the heart of London in order to achieve the aspired investment target and we’ve taken the site importance and its appeal to the target customer into consideration. This comes along side to investing in the field of residential real estate in Saudi Arabia which the company believes to be a generously rewarding investment given the increasing demand for it in the coming years especially that the Kingdom is currently considered the Middle East economic center and enjoys security and economic stability” Alsaghyir added.

Abdulaziz Alsaghyir Holding invests in the Saudi residential real estate sector through one of its real estate companies – Maskan Arabia Co. – in which it possesses ownership stakes of about 70 %. The company was originally founded for the purpose of providing high quality housing solutions and crafting the most prestigious housing standards through launching a number of villa projects that enjoy elegance of design and uniqueness of execution. The company investment portfolio comprises a broad range of residential projects and throughout the past three years, Maskan Arabia managed to deliver three projects comprising 114 residential units. The most prominent among the company residential projects are Maskan Villa (1), Maskan Villa (2) and Al Dar Project in the Al Ma’athe district in Riyadh. Currently Maskan Arabia plans to complete its latest and hugest residential project – “Ritaj” which the company has started to develop in Northern Riyadh and comprises 292 residential units.

Waleed Alsaghyir, Vice President at Abdulaziz Alsaghyir Holding, clarified that the real estate sector is of great importance to the company and added:“By virtue of the wide experience that it has acquired through its investments and presence in the global and local real estate markets since a long time ago, Abdulaziz Alsaghyir Holding always regards the real estate sector as an important and desired commodity regardless of the fluctuations which might affect it from time to time in light of its nature and due to the changes in the world economic cycle. Yet after all, the real estate sector remains to be a strategic, defensive, dynamic and rewarding sector at the same time; likewise, the demand for this sector is constantly rising not to mention the increase in population. In light of the previously mentioned, the company focused on this kind of investment and distributed its investment portfolio – whether in terms of the geographical aspect of target markets or the type of return on investment – via getting engaged in global real estate markets.”

Alsaghyir expected that the real estate sector in Saudi Arabia shall continue the march of prosperity that it has started a few years back given the establishment of an independent ministry mainly concerned with housing, issuance of executive regulations for the mortgage system as well as the government initiatives – represented in the Ministry of Housing – in supporting citizens to attain their own residential units.

Global Banking & Finance Review


Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post