Positive expectations for the shares of the Saudi property sector with anticipation of reducing interest

The outlook for the Saudi property sector seems positive in the coming period, supported by the expectations of lowering interest rates, the expansion of real estate development projects in the kingdom and the increase in population, according to Mohamed Zaidan, the financial analyst in Al -Sharq. He explained that the shares of the sector, which achieved the second best performance among the Saudi stock market sectors, are expected to continue to achieve profits through the growth of corporate income as a result of a decline in financing costs, while the expected interest is reduced and continues to start projects. Zidane said that 6 companies from 15 companies that are distributed in the green zone in the market, the best of which are the performance of “Dar al -Arkan” and “umm al -qura”, which means the market tends to choose when the sector’s stocks buy.