Local News
Conviction for cover-up in Riyadh: Defamation of a citizen and a resident
The conviction of a citizen and a resident for commercial concealment in Riyadh reveals vigorous efforts to enhance transparency and protect the national economy, with exciting details and strict penalties.
An economic analysis of the crime of commercial concealment in the Kingdom of Saudi Arabia
In a move reflecting the Saudi Ministry of Commerce's commitment to strictly enforcing economic laws, a Saudi citizen and a Syrian resident were publicly named and shamed after being convicted of commercial concealment in the restaurant equipment and supplies sector in Riyadh. This case highlights the importance of combating commercial concealment as part of efforts to enhance transparency and protect the national economy.
Details of the case and the penalties imposed
Investigations revealed that the Saudi citizen granted the Syrian resident full authority to manage and operate the business in his name, a clear violation of the anti-concealment law. The physical evidence proving the crime included the resident signing contracts, supervising the workforce, and conducting sales, purchases, revenue collection, and expense payments.
The Riyadh Criminal Court issued a ruling that included several penalties, among them publicizing the names of the two violators and a fine of 20,000 riyals to be divided between them. The ruling also included the cancellation of the commercial registration and license, the liquidation of the business, and the collection of zakat, taxes, and fees. Furthermore, the individuals involved were prohibited from engaging in the same activity in the future, and the resident was permanently deported from the Kingdom.
The significance of the numbers and their economic impact
The 20,000 riyal fine may seem small compared to the potential scale of the offenses in such cases, but it reflects the beginning of strict enforcement of the law to deter future violations. Canceling the commercial registration and license directly impacts individuals' ability to conduct business legally, thus fostering a fair business environment and curbing illicit activities.
The anti-concealment law stipulates penalties of up to five years imprisonment and fines of up to five million riyals, indicating the authorities' seriousness in confronting this type of economic crime. Confiscating illicit funds after court rulings contributes to reducing the financial returns of illegal activities and redistributes wealth more equitably within the local economy.
General economic context and future prospects
These measures come at a time when Saudi Arabia is striving to achieve the goals of Vision 2030, which include enhancing transparency and improving the business environment to attract foreign and domestic investment. Combating commercial concealment is an integral part of improving the investment climate and boosting investor confidence in the Saudi market.
Future projections indicate that continued strict enforcement of the laws will gradually reduce instances of commercial concealment . It will also promote fair competition among companies and contribute to increased government revenue through more effective collection of taxes and fees.
Globally , such measures can enhance the attractiveness of the Saudi market to international investors seeking transparent and fair markets. Strengthening confidence in the legal and economic system reinforces the Kingdom's position as a major economic hub in the region.
Summary
The recent case of commercial concealment highlights the importance of adhering to economic laws to protect the national economy and enhance the business environment. With continued government efforts to enforce deterrent penalties and improve transparency, a significant improvement in the investment climate and the attraction of more local and international investments to Saudi Arabia can be expected.
Local News
Ramadan 2026 discounts in Saudi Arabia: Offers valid for 54 days
The Saudi Ministry of Commerce announced the start of the Ramadan 2026 sales season from February 1st for a period of 54 days, including Ramadan goods and Eid supplies in stores and online platforms.
The Saudi Ministry of Commerce has announced the launch of its annual Ramadan sales season, a proactive step aimed at regulating the market and meeting the increased consumer demand before and during the holy month of Ramadan and the Eid al-Fitr holiday. The season is scheduled to officially begin next Sunday, corresponding to 13 Sha'ban 1447 AH (February 1, 2026), and will run for 54 consecutive days, concluding on 7 Shawwal 1447 AH (March 26, 2026).
General context and the commercial and cultural importance of the season
This announcement comes in light of the significant cultural and economic importance of Ramadan in Saudi Arabia. The holy month is a peak period for commercial activity, with consumer spending rising considerably. Saudi families prepare for Ramadan by purchasing a wide range of goods, from food and Ramadan beverages to new clothes, gifts, and Eid necessities. Organized sales seasons have become an integral part of these annual preparations, eagerly anticipated by consumers who take advantage of special offers and ease the financial burden on their household budgets.
Details of the initiative and its expected impact
The ministry explained that this extended period of discounts, which includes both traditional retail outlets and online stores, primarily aims to encourage consumers to plan their purchases in advance and shop early. This initiative is expected to help avoid the heavy congestion that markets typically experience in the days leading up to Ramadan and Eid al-Fitr, thus providing a more comfortable and safer shopping experience for everyone. Economically, the initiative is anticipated to stimulate sales in the retail sector, support small and medium-sized enterprises (SMEs), and foster healthy competition among retailers to offer the best deals and prices.
A regulatory mechanism to protect consumer rights
To streamline procedures for shop owners, the Ministry clarified that obtaining discount permits is done electronically through its official website. A key advantage is that the days of this season are not counted towards the annual discount allowance for each establishment. As part of its efforts to ensure the transparency of offers and protect consumers from deceptive discounts, the Ministry emphasized the ease with which any discount can be verified. Consumers can scan the QR code on the discount permit using their mobile phone camera to instantly view all permit details, including the discount percentage, duration, and the licensed establishment's information.
The ministry stressed that it will intensify its monitoring and inspection tours in all regions of the Kingdom throughout the season, to ensure everyone’s compliance with regulations and rules, to monitor any violations, and to take the necessary measures to protect consumer rights and enhance confidence in the local shopping environment.
Local News
Makkah Real Estate Developers wins two real estate excellence awards and showcases its vision at the Future of Real Estate Forum 2026 as a gold sponsor
Makkah Urban Developers has been awarded two real estate excellence prizes and is showcasing its future vision as a gold sponsor at the Future of Real Estate Forum, further enhancing its leading position.

Makkah Real Estate Developers Company made a prominent appearance at the Future Real Estate Forum 2026, which commenced in Riyadh under the theme “Expanding Horizons and Flourishing Real Estate.” The company participated as a gold sponsor in this major real estate event, reaffirming its commitment to supporting the developmental momentum witnessed in the Kingdom’s real estate sector. The company’s booth at the accompanying exhibition attracted a large number of visitors and specialists eager to learn about its latest real estate projects.

On the sidelines of the forum, Dr. Magdi Hariri, Chairman of the Board of Directors of Makyoun Company, participated in a specialized dialogue session entitled: “Urban Design: Sustainability and Quality of Life in the Real Estate Industry” with a select group of real estate sector leaders.
In his speech, which received a great deal of interaction, Dr. Hariri compared the past and present regarding the resident's experience, saying: “During the past twenty years, the focus was on the house being beautiful from the inside only, and as soon as one leaves it, one misses vital facilities and green spaces. Now, we are living a reality that was yesterday just a dream, where quality of life has become an integral part of project design.”.
Regarding the balance between sustainability and economic feasibility, Dr. Hariri explained that the real obstacles lie in finding competencies capable of creativity in urban design, noting that “Makkioun Urban Developers” succeeded in finding a balance between sustainability and “humanization” and the fair price of the real estate product.
Dr. Magdi Hariri concluded his remarks by thanking the Ministry of Municipalities and Housing, praising the great role and continuous efforts of His Excellency Mr. Majid Al-Hogail in supporting the urban development system in the Kingdom. He also commended the pivotal role of NHC, appreciating the approach instilled by Mr. Mohammed Al-Bati and colleagues at NHC and the Ministry of Housing, stressing that the synergy of these efforts is what has made Saudi real estate development today a leading model to be emulated regionally and internationally.

The ceremony included the presentation of "Excellence Awards" in the presence of His Excellency the Minister of Housing, Majid Al-Hogail
Makkah Urban Developers' participation in the forum culminated in winning two awards at the "Real Estate Excellence Awards" ceremony, in the categories of (Mid-Rise Residential Buildings) and (Low-Rise Residential Buildings). The company received the awards in the presence of His Excellency the Minister of Municipalities and Housing, Mr. Majid Al-Hogail, a move that affirms the high standards of urban planning that the company adheres to in its projects.
For more details about Makkah Urban Developers:
920000355
www.makkiyoon.com
Local News
Launch of the 'Business' real estate registry portal to digitize real estate wealth
The Saudi Real Estate Registry has launched the 'Business' digital portal, an integrated platform to serve developers and companies, with the aim of enhancing transparency and digitizing real estate wealth in line with Vision 2030.
The Saudi Arabian Real Estate Registry announced today (Wednesday) the launch of the “Real Estate Registry – Business Portal,” a significant step in the digital transformation of the real estate sector. This portal is a comprehensive digital platform specifically designed to serve the business sector, including real estate developers, companies, and financing entities, with the aim of enabling partnerships with the private sector and enhancing the efficiency of real estate wealth management.
Strategic background within Vision 2030
The launch of this portal comes within the broader context of the Kingdom's efforts to achieve the goals of Vision 2030, which places digital transformation and the regulation of vital sectors at the heart of its priorities. The real estate sector has long been one of the most important pillars of the national economy, and it has witnessed major regulatory initiatives in recent years to increase its transparency and reliability. Establishing the Real Estate Registry itself is a pivotal step towards creating a unified and reliable record of real estate ownership, thus eliminating the challenges of traditional documentation and ushering in a new era of accuracy and efficiency. The "Business" portal falls under the "Easier" Real Estate Registry strategy, which aims to build a sophisticated digital infrastructure that serves all stakeholders.
The importance of the portal and its expected impact
The launch of the “Aamal” portal is expected to have a positive and tangible impact on the investment environment in the Saudi real estate sector. Domestically, the portal will expedite real estate procedures, reduce reliance on paperwork, and provide companies with accurate and up-to-date data in real time. This will boost investor confidence and encourage further capital investment in major real estate projects. Regionally and internationally, this step positions the Saudi real estate market among the world’s leading markets that leverage technology to ensure transparency and protect rights, making it more attractive to foreign direct investment.
Integrated services and a unique digital experience
The CEO of the Real Estate Registry, Dr. Mohammed Al-Sulaiman, explained that the portal represents a key milestone in the Registry's strategic priorities, providing a seamless and secure user experience. The portal offers a comprehensive suite of services, including the management of real estate rights and transactions, transaction records, and access to interactive maps and official documents. It also enables API integration with internal systems of various entities, account and authorization management, and electronic billing and payment services. To ensure a superior experience, dedicated relationship managers will be assigned to support the needs of each beneficiary, reflecting the Real Estate Registry's commitment to providing innovative solutions that meet the requirements of the private sector and support its sustainable growth.
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