Saudi regulator examines options for realty funds

Saudi Arabia's Capital Market Authority (CMA) is currently examining 20 requests to set up real estate investment funds in various regions of the kingdom.

"Getting a green signal from the market regulator would further boost the buoyant real estate sector in the Eastern Province and other regions of the Kingdom," said Khalid Al Dossary, a prominent economic expert.

Al Dossary said the funds could play a vital role in accelerating the ongoing economic boom if they were established in a way protecting the rights of shareholders.