Lamudi event focuses on local real estate market

Updated 12 June 2014
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Lamudi event focuses on local real estate market

The biggest names in real estate in Saudi Arabia came together under one roof for an assembly hosted by leading property platform Lamudi, a company of the Middle East Internet Holding (MEIH).
More than 15 key figures from the property sector attended the event in Jeddah recently, including some of the most high-profile property players in the Kingdom.
Representatives from Ahmad Al-Obeikan Company for Investment and Real Estate Development, Al-Faqeeh, Century 21 Jeddah and Tawasul Properties were among those present.
The event was a chance for the leaders to network and share ideas on the local real estate market. Khalid Alali, country manager of Lamudi Saudi Arabia, gave a presentation to guests on the company’s local operations.
Lamudi’s Global Co-Founder and MD Kian Moini said: “The event was a resounding success. The fact that we had such an overwhelming response just goes to show the strength of the local property industry, which is one of the main reasons we launched here this year.
Saudi Arabia has one of the strongest and fastest growing e-Commerce sectors in the Middle East. All guests agreed that the future of real estate in the Kingdom will be online.
Sood Mohamad Alamri of Platinum Real Estate Company, said: "Lamudi entered the Saudi market after achievements in several foreign markets and it has established itself as a leader in a very short period of time.”
Country Manager for Lamudi Saudi Arabia Khalid Alali said: “One of the key enablers to our early success is a focus on localizing our operations. As a Saudi national I prioritize hiring Saudi women and men.”
The biggest real estate brands in the Kingdom have already chosen Lamudi as their property partner, including Bussma, Edarah, Salman Ben Saedan, Al Obaikan, Al Argan and Century 21 Jeddah, the company stated.


ICD, BBI launch global private sector platform

The agreement was signed by Ayman Sejiny, CEO of ICD, and Amer Bukvic, CEO of BBI, on Wednesday at the ICD’s headquarters in Jeddah.
Updated 19 May 2019
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ICD, BBI launch global private sector platform

The Islamic Corporation for the Development of the Private Sector (ICD) and Bosna Bank International (BBI) signed a memorandum of understanding on May 16 in Jeddah. The MoU is related to a new initiative — the Global Platform for Private Sector — where the two institutions and community of like-minded financial entities can collaborate on business opportunities, exchanging market intelligence and laying a foundation for actual financial transactions within the member countries and across borders.
The signing ceremony took place in ICD’s headquarters in Jeddah and the document was signed by Ayman Sejiny, CEO of ICD, and Amer Bukvic, CEO of BBI.
Sejiny said: “ICD takes the lead in launching such a platform network to demonstrate productive applications of fintech in modern global business affairs, to help reduce financial transaction costs for its member banks, leasing companies and micro-finance institutions and to upgrade the advisory services that ICD offers to its partners across the Islamic developmental network.”
Bukvic added: “We welcome the initiative and we’re happy to be among the first entities to sign the MoU with ICD. Such a platform would open opportunities for Bosnia and Herzegovina, BBI bank and other partners once implemented, and will most certainly facilitate investment across borders. This will extend our efforts already expressed by organizing international events in the capital of Bosnia and Herzegovina, such as the Sarajevo Business Forum and the Sarajevo Halal Fair.”

 

Bosna Bank International (BBI) d.d. Sarajevo is the first bank, both in Bosnia-Herzegovina and Southeast Europe, to operate in accordance with Islamic finance principles. BBI offers several types of financial services to retail and corporate clients through its business based on ethical principles and partnership. Shariah compliance is ensured by the BBI Shariah board with members of this board being prestigious local and international experts.
The Global Platform for Private Sector will be a cloud-based, next-generation, full-featured networking and fulfillment platform hosted by ICD for the benefit of its network of 88 financial institutions and 12 leasing companies worldwide. One major goal of this online platform is the sharing of investment, advisory, sukuk, financing and other deals in an environment of common Islamic values.
ICD is a multilateral development financial institution and is part of the Islamic Development Bank (IsDB) Group. It was established in November 1999 to support the economic development of its member countries through the provision of finance for private sector projects, promoting competition and entrepreneurship, providing advisory services to the governments and private companies and encouraging cross-border investments.
ICD has an authorized capital of $4 billion. Currently, the shareholders of ICD are the IsDB, 54 Islamic countries and five public financial institutions.

Decoder

The Global Platform for Private Sector will be a cloud-based, next-generation, full-featured networking and fulfillment platform hosted by ICD for the benefit of its network of 88 financial institutions and 12 leasing companies worldwide.