Middle East business information

Deutsche initiates coverage on Saudi developers

Saudi Arabia: 2009-11-10 11:10:49
Deutsche Bank has initiated coverage of Saudi developers Saudi Real Estate and Dar Al Arkan with 'buy' ratings, citing a fast-growing population and declining household size to fuel housing demand, Reuters has reported. The brokerage set a price target of SR33.8 on Saudi Real Estate and a target of SR21.2 on Dar Al Arkan.
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