Magnom Properties, a subsidiary of Saudi Arabia’s Rawabi Holding, has won two prestigious awards at the recently held International Property Awards 2023-2024 that took place at the Savoy Hotel in London. The accolades for ‘Best Commercial High-Rise Development’ and ‘Best Mixed-Use Development’, Africa, for their upcoming futuristic Forbes International Tower, underscore the ambitious vision of the lifecycle net negative carbon commercial tower by Magnom Properties coming up in Saudi Arabia, the UAE and Egypt. The International Property Awards recognizes and rewards excellence in the field of property and real estate. A panel of highly experienced team of design professionals who cover the whole range of property disciplines, sift through thousands of nominations to short list and finally pick the top winner for each category. The world-renowned mark of excellence distinguishes Magnom Properties’ standing as a path-breaking entity in the global real estate sector. Osman Ibrahim, CEO, Rawabi Holding and Vice Chairman, Magnom Properties, said: “We are pleased to receive these two prestigious awards as they firmly establish our global position in the real estate sector, and is also a testament to our vision to provide innovative solutions that address the challenges of the built environment in a way that contributes to advance our region to a sustainable, emissions-free future.” Maged Marie, CEO, Magnom Properties, said: “Forbes International Tower is part of Magnom Properties’ ambitious vision to bridge the gap between a commercial tower and a sustainable, high-performing zero-carbon mixed use development. This international recognition reaffirms our strategic focus on overall excellence even as it emboldens us to further dare to shape the future through innovative high-tech synergy between the built environment and the living world around it. Our dual win at the International Property Awards staunchly underpins our global standing in the real estate sector and bears testimony to our core vision to take the Arab world into a futuristic sustainable world.” Magnom Properties’ upcoming Forbes International Tower pushes the boundaries of modern construction as it embraces a futuristic, lifecycle net negative carbon commercial development. Built in partnership with Forbes, it is the first project of its scale and scope in the Middle East with its environmentally sound, technology-driven experiential structure that places it at the intersection of design, technology and innovation.
A landmark achievement that establishes SAB Invest as the first ETF Market Maker in the Saudi Exchange, reinforcing its leadership in this field Enhanced liquidity in SAB Invest Saudi Quant ETF (Ticker: 9402), with tighter bid-ask spreads and improved pricing efficiency, enabling a smoother and more effective trading experience for investors Riyadh, Kingdom of Saudi Arabia, 18 May 2026 – SAB Invest, the investment arm of Saudi Awwal Bank (SAB), today announced its official registration by the Saudi Exchange (Tadawul) as the first ETF market maker in the Kingdom. This landmark achievement marks a new era for Saudi Arabia’s capita