Saudi -proof property shares are recovering after facilitating foreigners

The shares of the property sector in the Saudi stock market were recovered in the early trading today, after the Capital Market Authority announced that foreigners allow investment in listed companies that have permanent or temporary real estate within the borders of the cities of Makkah Al -Mukarramah and Al -Madinawa. The real estate management and development sector index rose about 20% after an hour of trading to record its highest levels in about seven years. Hisham al -ayas, the chief financial analyst of Al -sharq, said that “the bullish road of the sector is underway, especially as it depends on positive and non -faced news,” says Hisham al -Eayas, the main financial analyst of the East. The maximum shares of companies whose businesses are concentrated in the two sacred cities, such as “Thebe”, which owns hotels in Medina and the shares of the “Makkah” business, which works in the development of the places along the large mosque and the shares of “Jabal Omar”, which focuses on the construction of the Jabal area of ​​the Grand Mosse of the Western Side, and the “knowledge of the city”, Most recent Most of the most mosque of the Grand Mosce of the Grand Mosce’s degree of the most mosque of the most mosque, which has the most recent of the most mosterns of the most mosques of the most mosque, of the most mosterns of the most mosque of the most mosque. The introduction of a real estate fund that develops a multiple project in the city. Also read: The real estate transactions in “CityScape” Saudi Arabia doubles to 230 billion Riyals, the new decision, which came after three years of not -Saudis participating in the real estate funds investing in the borders of the cities of Makkah Al -Mukarramah and Madinah, Financial market, the financial market, stimulating the stimulating and the draw and efficiency of the financial market, the financial market, and stimulating the stimulation, stimulating the draw and the efficiency of the financial market, the financial market, and stimulating the stimulating, increases the draw and the efficiency of the financial market, the financial market, to stimulate the Market, the financial market, and the financial market to increase internationally and support the local economy, by attracting foreign capital, together with the provision of the necessary liquidity for projects in Makkah and Madinah, whether existing or future by the investment products available in the Saudi market to be funded for these specific development projects, “according to the authority. 20 Legislation and 192 licenses in the Kingdom have established the sector as one of the pillars of the economy and Saudi economic transformation engines that have not come out of a vacuum, as the kingdom has been issued more than 20 basic real estate legislation, which has been announced by the general real estate, with the aim of organizing the sector, and the monitoring. Majidity, and that is the percentage of the timetable, according to majidity, and it is the percentage of the timetable, according to majidity, and that is the percentage of the timetable, according to the majidity, and it is the percentage of the timetable, according to Majid, municipalities and housing. Also read: Data centers are a new locomotive for real estate investment in Saudi Arabia, the minister, in his speech on the Future Real Estate Forum, that this organizational framework is aimed at facilitating and organizing the terms of real estate projects on the map of the license to complete real estate projects. He added that the legislation of the organization of the sector has contributed to remarkable growth over the past year, as 192 licenses have been issued for projects whose total value exceeded more than $ 147 billion, equivalent to $ 39 billion.