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.
Riyadh, February 20, 2026, SPA — Under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, Princess Fahda bint Falah Al Hathleen, spouse of the Custodian of the Two Holy Mosques, honored the winners of the 27th edition of the local competition for the King Salman bin Abdulaziz Award for Memorization, Recitation, and Interpretation of the Holy Quran, organized and supervised by the Ministry of Islamic Affairs, Dawah and Guidance, yesterday at the Ritz-Carlton Hotel in Riyadh. The current edition witnessed wide participation from all regions of the Kingdom, with more than 3,600 male and female contestants p