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ormation (marriages) is a large component: newly married Saudi couples need an affordable place to live. With market demand growing by 105K units pa (BofAMLe), we believe the shortage of supply will persist for the following reasons: e The limited scalability of residential projects — Dar Al Arkan is the
Page: HOUSE_OVERSIGHT_016174 →Pierce, Fenner & Smith Incorporated
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Merrill Lynch Global Wealth Management
OrganizationInvestment management and financial planning service

Merrill Lynch
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The Financial Service Board
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