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, President of Saudi Capital Market Authority (CMA) Dr. Mohammed bin Abdulmalik Al-Sheikh said.
The CMA Chief’s statement came at the opening session of a forum on real estate investment funds in Riyadh Saturday which is being organized by the CMA. Dr. Abdulrahaman Al-Barrak, the CMA board member, delivered the message on behalf of the CMA Chief.
CMA efforts in developing real estate markets have been directed to upgrade the level of transparency, regulatory infrastructure and preserving rights of shareholders to invest in financial tools approved by the CMA, he said.
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