RIYADH: Foreigners can now invest in Saudi-listed companies owning real estate in Makkah and Madinah, following a landmark decision by the Saudi Capital Market Authority. Effective immediately, the move aims to boost the capital market’s competitiveness and align with the Kingdom’s Vision 2030 economic diversification objectives,

Saudi Arabia on Monday said foreigners are from now on allowed to invest in Saudi-listed companies that own property in Mecca and Medina, Islam's two holiest cities. It said foreign investment "in companies owning real estate within the boundaries of Mecca and Madinah will be limited to shares of these Saudi companies listed on the Saudi capital market,

Saudi Arabia will allow foreign citizens to invest in publicly listed local companies that own real estate in Makkah and Madinah, as the kingdom seeks to attract international investments and boost its capital markets.

Saudi Arabia said it will begin allowing foreigners to invest in publicly-traded companies owning real estate in the holy cities of Makkah and Madinah as the kingdom looks to draw in more overseas investment.

This follows the approval of the Controls for the Exclusion of Companies Listed in the Saudi Stock Exchange (Tadawul) from the Meaning of the Phrase (Non-Saudi)

RIYADH: Saudi Arabia has announced a landmark decision allowing foreign investment in listed companies that own real estate within Islam’s holiest cities, Makkah and Madinah.The move, unveiled b

The Saudi Capital Market Authority (CMA) announced that foreigners are allowed to invest in Saudi listed companies in the Saudi capital market that ow

Saudi Arabia is now allowing foreigners to invest in publicly-traded companies owning real estate in Makkah and Madinah, aiming to attract overseas investment. Foreign ownership is capped at 49%. The move aligns with Saudi's Vision 2030 goals to boost the capital market and accommodate 30 million worshippers annually by 2030.

The Saudi Capital Market Authority (CMA) has announced that foreigners are allowed to invest in Saudi listed companies in the Saudi capital market that own real estate within the boundaries of the cities of Makkah and Madinah, starting from Monday, January 27.

Foreigners can now invest in Saudi-listed companies owning real estate in Makkah and Madinah, following a landmark decision by the Saudi Capital Market Authority. Saudi Arabia eases foreign investment rules for Makkah and Madinah real estate.