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More Saudi investors, developers to set up real estate funds: CMA
- Saudi Arabia: 6 hours, 33 minutes ago
The Saudi Capital Market Authority (CMA) has said the number of real estate investment funds in the kingdom has so far reached 58 funds and there has been tremendous turnout among real estate developers and investors to float more funds, Arab News has reported. The market regulator has issued guidelines to regulate investments in this sector to avoid non-organised real estate investment, which has had a negative impact on many citizens in a bid to streamline group investment on the real estate sector and allow investors, especially young and small categories, said CMA president, Dr Mohammed bin Abdulmalik Al-Sheikh.
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