Saudi Arabia: No negative impacts to stock market on real estate sector
According to Al-Jazirah newspaper, Mr. Salman Bin Abdullah Bin Saedan the General Manager of Abdullah M. Bin Saedan Real Estate & Sons Company, said that the stock market is not likely to have tangible negative impacts on the real estate market in the Kingdom of Saudi Arabia. Mr. Salman added that the companies' stock market and the real estate market are complementary for each other.
He added that the majority of the Saudi real estate investors are also investing in the Saudi stock market, which manifests the strong complementary relation between the two markets. The real estate market does not have to worry from the current boom on the Saudi stock market, the manager said.