London, Asharq Al-Awsat—The Saudi stock market—the largest stock market in the Middle East—is expected to witness a radical shift in the forthcoming period following a royal decree appointing Mohammed bin Abdulmalik Al Al-Sheikh as the new head of the Capital Market Authority (CMA).Al-Sheikh will have to resolve a number of outstanding issues in order to ensure that the Saudi stock market attracts investment and is able to compete with the real estate market in this regard. It was the imbalance between the two markets that led to huge inflation in the real estate sector. …
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