Saudi Developers Jump as Kingdom Moves to Open Property Market
Saudi Arabian developers’ shares jumped the most in four months as the kingdom began implementing new laws allowing foreigners to own a wider range of local real estate assets, including in the holy cities of Mecca and Madinah.
The Tadawul Real Estate Management & Development Index rose 4.5% on Sunday, with every one of its 17 members in the green. Makkah Construction & Development Co. led with gains of about 10%, followed by Dar Al Arkan Real Estate.
沙特开放房地产市场,开发商股价应声大涨
随着沙特阿拉伯开始实施允许外国人在当地拥有更广泛房地产资产(包括在圣城麦加和麦地那)的新法律,该国开发商股价创下四个月来最大涨幅。
周日,沙特证交所房地产管理与开发指数上涨4.5%,其17只成分股全线飘红。麦加建设与发展公司领涨,涨幅约10%,达尔·阿尔阿坎房地产公司紧随其后。