(Bloomberg) — Saudi Arabian developers’ shares jumped the most in four months as the kingdom began implementing new laws allowing foreigners to own a wider range of local real estate assets, including in the holy cities of Mecca and Madinah. The Tadawul Real Estate Management & Development Index rose 4.5% on Sunday, with every one of its 17 members in the green. Makkah Construction & Development Co. led with gains of about 10%, followed by Dar Al Arkan Real Estate. Most Read from Bloomberg The sectoral ...