{"id":16006,"date":"2016-06-09T21:42:57","date_gmt":"2016-06-09T14:42:57","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=16006"},"modified":"2016-06-09T20:00:12","modified_gmt":"2016-06-09T13:00:12","slug":"saudi-arabia-to-issue-real-estate-development-fund-sukuk","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-arabia-to-issue-real-estate-development-fund-sukuk\/","title":{"rendered":"Saudi Arabia to issue real estate development fund sukuk"},"content":{"rendered":"


\nSaudi Arabia plans to issue an Islamic bond, or sukuk, for its Real Estate Development Fund by the end of the 2017-18 financial year, the housing minister said.”The sukuk programme is specialised for the real estate development fund,” Majed Al Hogail said.The fund is the largest financier for the Saudi real estate sector and has a portfolio of about 190 billion Saudi riyals (Dh186bn), the minister said.”We believe we can get cash flow from issuing sukuk for these loans and getting money to deal with the fund’s waiting list in the fastest time possible,” he said.The minister also said the kingdom will announce the final regulations on an annual tax on undeveloped urban land in two weeks.”Land fees are now complete and have been studied by all concerned entities, and within the next two weeks we will announce it.”The ministry has said the new tax would be equivalent to 2.5 per cent of the value of the land held by individuals or non-government entities.The introduction of a land tax, first announced by the cabinet in November, marks a big step for the world’s top oil-exporting country in addressing a housing shortage frequently griped about by young Saudis.Analysts estimate that 40 to 50 per cent of the land inside major cities remains vacant, much of it owned by wealthy individuals or companies that have tended to hold or trade it for speculative profits rather than developing it for housing.business@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Saudi Arabia to issue real estate development fund sukuk<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Saudi Arabia plans to issue an Islamic bond, or sukuk, for its Real Estate Development...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-16006","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-4aa","jetpack-related-posts":[{"id":16056,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-arabia-to-issue-sukuk-for-real-estate-fund\/","url_meta":{"origin":16006,"position":0},"title":"Saudi Arabia to issue sukuk for real estate fund","date":"June 9, 2016","format":false,"excerpt":"\r Fund is largest financer for country\u2019s real estate sector, says housing minister\r \r Source : arabianbusiness.com\r Read more...Saudi Arabia to issue sukuk for real estate fund","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106436,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-construction-giant-dar-al-arkan-to-redeem-400m-sukuk\/","url_meta":{"origin":16006,"position":1},"title":"Saudi construction giant Dar Al Arkan to redeem $400m sukuk","date":"April 22, 2019","format":false,"excerpt":"\r Dar Al Arkan Real Estate Development Company says to pay sukuk out of its internal cash reserves\r \r Source : arabianbusiness.com\r Read more...Saudi construction giant Dar Al Arkan to redeem 0m sukuk","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":169767,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-electricity-company-successfully-places-2-4bn-sukuk\/","url_meta":{"origin":16006,"position":2},"title":"Saudi Electricity Company successfully places $2.4bn sukuk","date":"January 19, 2026","format":false,"excerpt":"\r Offering attracted strong demand from a diverse base of international investors, with peak orders exceeding $10.1bn The post Saudi Electricity Company successfully places $2.4bn sukuk appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More.\r \r Source : arabianbusiness.com\r Read more...Saudi Electricity Company\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2026\/01\/Saudi-Electricity-Company-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":152504,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-pif-prices-1-25bn-sukuk-offering-amid-strong-demand\/","url_meta":{"origin":16006,"position":3},"title":"Saudi PIF prices $1.25bn sukuk offering amid strong demand","date":"May 2, 2025","format":false,"excerpt":"\r The Saudi sovereign wealth fund\u2019s dollar-denominated sukuk drew over $9 billion in orders, highlighting strong global investor confidence\r \r Source : arabianbusiness.com\r Read more...Saudi PIF prices .25bn sukuk offering amid strong demand","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/05\/Kingdom-Tower-Riyadh-Saudi-Arabia-Skyline-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":156017,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-national-banks-1-25bn-dollar-denominated-sukuk-oversubscribed\/","url_meta":{"origin":16006,"position":4},"title":"Saudi National Bank\u2019s $1.25bn dollar-denominated Sukuk oversubscribed","date":"June 18, 2025","format":false,"excerpt":"\r The bank is issuing 6,250 Sukuks at a par value of $200,000; Maturity period is 10 years, but callable after five years\r \r Source : arabianbusiness.com\r Read more...Saudi National Bank\u2019s .25bn dollar-denominated Sukuk oversubscribed","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/06\/Saudi-National-Bank-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":136200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-capital-market-authority-to-discontinue-share-in-trade-commission-on-sukuk-bond-issues\/","url_meta":{"origin":16006,"position":5},"title":"Saudi Capital Market Authority to discontinue share in trade commission on\u00a0Sukuk, bond\u00a0issues","date":"May 1, 2023","format":false,"excerpt":"\r The move is seen as a bid to further develop Saudi's debt market\r \r Source : arabianbusiness.com\r Read more...Saudi Capital Market Authority to discontinue share in trade commission on\u00a0Sukuk, bond\u00a0issues","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/05\/Fy6UmxOc-Riyadh-36-1000x688-1.jpg?fit=1000%2C688&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/16006"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=16006"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/16006\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=16006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=16006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=16006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}