Latest news with #RealEstateRegistry
Egypt Independent
5 days ago
- Politics
- Egypt Independent
Degwy family lawyer reveals details of the fortune distribution
The legal representative for Nawal al-Degwy and her two granddaughters, Mohamed Shehata, revealed the fate of the shares between the heirs of Sherif al-Degwy's sons and Mona al-Degwy's daughters such the ownership structure of the companies and institutions under dispute. During a telephone interview with TV host Lamis al-Hadidi on the 'Last Word' (Kalema Akhera) TV show, Shehata said, 'This issue has more than one aspect.' 'Discussing the estate of a living person is a sensitive matter, but the settlement currently underway, sponsored by Nawal el-Degwy, to reunite the family, is still being discussed between institutions and companies and is the subject of negotiations,' Shehata said, adding 'I am optimistic that we will reach a quick solution to this issue.' In response to Al-Hadidi's question: 'Has the late Mona al-Degwy's will actually been opened in the past few days?' Shehata replied: 'Indeed, that happened. A year before her passing, the late Mona al-Degwy had deposited a sealed will at the Real Estate Registry. It was opened and reviewed a few days ago.' He continued: 'In it, she bequeathed a third of her entire estate to her two daughters, Engy and Mahy. I was appointed by the deceased to be the executor of that will.' In response to al-Hadidi's question: 'Is the third she bequeathed outside the (Islamic) legal inheritance?' Shehata said: 'Yes, the third does not include the (Islamic) legal inheritance. Egyptian law allows for a bequest to an heir, as Nawal al-Degwy will inherit one-sixth (from her daughter Mona's estate), and her two daughters will have a share outside the will. The remaining percentage will be distributed among the males of the family, who are Ahmed al-Degwy's heirs: Amr al-Degwy and Mohamed.' Shehata continued: 'Egyptian law also stipulates that the implementation of wills and inheritance begins with the payment of all debts owed by the deceased. Then the will is given, which may not, under any circumstances, exceed one-third, as Mona al-Degwy did. Then, the remainder of the estate after the one-third allocated by the will is distributed according to the legal shares among the grandmother, the two granddaughters, and the grandsons.' Hadidi interrupted him, asking, 'Have you taken stock of this inheritance or what she has left behind?' Shehata replied, 'The inventory process is underway, and it will be part of the comprehensive settlement of all disputes, because we are eager to ensure that no blemish remains in this family.'
Mid East Info
13-03-2025
- Business
- Mid East Info
A Strategic Event for HR Leaders and Experts to Drive Transformation in the Saudi Workforce, Physical conference at Radisson Blu Minhal, Saudi Arabia.
Saudi: Saudi Arabia, as a developing country, has achieved tremendous progress in changing its human resources development (HRD) sector, but it still faces hurdles in aligning its workforce with the needs of rapid economic growth. Despite recent social and economic reforms, Saudi labour markets continue to struggle to fulfil the country's changing economic needs. Human Resource Development is crucial to this change, serving as an indicator of the country's social, cultural, and economic growth. The National Human Resource Development (NHRD) framework empowers HR professionals to go beyond company talent development and address larger national challenges. This framework serves to highlight labour market concerns while also ensuring that HRD policies are adapted to the needs of the future workforce. The Human Capability Development Program (HCDP), started in 2021 as part of Saudi Arabia's Vision 2030, intends to empower citizens while also increasing global competitiveness. The HCDP is intended to produce a competitive national workforce by emphasizing value promotion, future skill development, and knowledge enhancement. To do this, continual analysis of NHRD policies is required to align labour demands and supply, resulting in successful workforce planning for long-term national growth. This strategic strategy is critical for providing the Saudi workforce with the skills needed to face future problems. Overview of the event: The 4th Edition of the HR World Summit, themed 'Unlocking the Future of Human Potential,' is a premier, invitation-only event that brings together over 200 HR leaders and experts. Set to take place on April 24th, 2025, at the Radisson Blu Minhal, this summit offers an exclusive platform for in-depth discussions on the challenges and opportunities in human resources. With a focus on advancing skill development, promoting innovation, and implementing effective strategies to enhance organizational competitiveness, attendees will gain valuable insights and tools to drive transformation. This gathering of CHROs, VPs of HR, talent management leaders, and HR professionals will foster impactful networking and provide actionable solutions to elevate organizational performance in today's rapidly evolving landscape. Who will Speak? Abdullah Zabin AlOtaibi, Vice President of Upstream HR at Aramco. Ahmed Omar Baaboud, Chief Shared Services Officer at Real Estate Registry. Hessah Fahad Moammar, Vice President of People & Culture at ACWA Power. Ratibah Aljawini, Executive Director of Human Resources for the Human Capability Development Program. The event will cover topics like: Reimagining HR for a Digital Age : Navigating the Saudi Arabian Landscape Addressing Quiet Quitting : Retaining Top Talent in a Competitive Job Market AI in HR : A Double-Edged Sword? Balancing Benefits and Risks Breaking Down Barriers : A Conversation on DEI and Workplace Transformation Toxic Workplace : Breaking the Cycle and Building a Healthy Culture The Future of Work: Navigating Uncertainty and Embracing Opportunities For more information on the 4th Edition HR World Summit: Link About Exito: Exito, which means success in Spanish, embodies our commitment to the success of our customers. Each year, we host over 240 virtual and in-person conferences globally, bringing together audiences with world-class thought leaders and C-level executives across industries. Our meticulously crafted agendas, based on extensive research and valuable industry insights, facilitate business, knowledge transfer, deal flow, and impactful messaging for brands. Author: Karthik Soorya For Media Enquiries, contact: Kasturi Nayak (Sr.) Marketing Executive) Enquiry@ Exito Media Concepts
Argaam
16-02-2025
- Business
- Argaam
2M properties registered across Saudi Arabia: RER CEO
Registration of real estate properties across Saudi Arabia is accelerating at a rapid pace, rising from 2,800 to at least two million units Kingdom-wide, including Riyadh, Dammam, Qassim, Makkah and Madinah, Mohammad Al-Sulaiman, CEO of National Real Estate Registration Services Co., or Real Estate Registry (RER), told Argaam. There are currently 574,000 active real estate registers, although 2.1 million properties have already been announced, Al-Sulaiman said in an interview on the sidelines of the PIF Private Sector Forum. RER urges owners of these properties to register them, given the mandatory registration in the announced areas. They will also benefit from the services rendered by RER and the accurate and comprehensive data it provides. By year-end, the goal is to have a range of 3.8-4 million properties registered with RER, plus the already-registered properties, the CEO stated. 'This falls under the efforts being undertaken to enhance the real estate registration process and introduce more properties into the economic cycle, which helps activate the local real estate market,' said the top executive. He indicated that RER seeks to achieve this through cooperation with real estate developers, mortgage holders, and financing entities, with the aim of improving Saudi real estate services. Al-Sulaiman also stressed that RER works to unify real estate data by integrating it with geospatial services. This is by photographing the registered properties and copying their masterplans before linking them to a single unified record. RER is wholly owned by the Public Investment Fund (PIF), running in a way that ensures sustainability and enhances local content. It has signed cooperation contracts with seven real estate tech players to merge them with the company's application programming interface, in addition to partnering with four companies specialized in geospatial surveys, according to the CEO.
