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Expansion Plans, High Returns Raise Profits of Saudi Real Estate Companies

Experts said that the real estate sector in Saudi Arabia is heading towards recovery thanks to the implementation of expansion plans, improved operating profits, and high investment returns and revenues. They added that the sector continues to maintain annual growth levels due to the high volume of demand, compared to the supply.

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Who's Who: Khaled Al-Mobid, CEO of Menassat Realty Co.

Khaled Al-Mobid is founder and CEO of Menassat Realty Co., a Riyadh-based real estate developer, since 2018. He was founder, previous general manager and executive partner of Bussma Real Estate Management Co. between 2008 and 2018. Al-Mobid obtained his bachelor’s degree in business administration from the University of Florida, US, in 2002. He has served as a member of

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Saudi business leaders see great opportunities ahead

Global minimum corporate tax of 15 percent seeks to end downward spiral of corporate tax rates
For Saudi and other GCC policymakers, the devil will be in the detail of the new tax proposals
Updated 42 min 23 sec ago
Frank Kane
June 12, 2021 19:43
DUBAI: The threat seemed clear. The low-tax countries of the Middle East would have to fall in line with the high tax-and-spend economies of Europe and North America, and impose big tax increases that would threaten their global competitiveness.
But although initially hailed as “historic,” when the experts and policymakers got down to the nitty-gritty of the recent Group of Seven (G7) proposals for a uniform global corporate tax system, they seemed more inclined to ask what all the fuss was about.

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