Construction & Real Estate

Dubai Residential REIT to distribute $150m cash dividends for H2 2025

Dubai Residential REIT, a shariah-compliant real estate investment trust, said it has won approval from the shareholders for the distribution of AED550 million ($150 million) cash dividends for H2 2025, thus reflecting its strength in the REIT’s portfolio and confidence in Dubai’s residential leasing market. ...

Construction & Real Estate

Saleh Abdulaziz Al Rashed & Sons plans IPO

Saleh Abdulaziz Al Rashed & Sons Company (SAR), a key Saudi provider of integrated construction materials, mining, and industrial spare-parts solutions, has announced its intention to proceed with an initial public offering (IPO) and the listing of its ordinary shares on the Main Market of the Saudi Exchange....

Construction & Real Estate

Saudi FM company Efsim plans IPO, to list 30pc shares

Saudi-based Efsim Facilities Management is set to proceed with its initial public offering (IPO) and the listing of its ordinary shares on the Main Market of the Saudi Exchange. It will be listing 16.8 million shares (equal to 30% stake share capital). ...