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 aims to welcome 30 million pilgrims for Haj and the year-round pilgrimage umrah annually by 2030. In 2019, it earned about $12 billion from the two pilgrimages, according to official data.

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.

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

Saudi Arabia’s market regulator announced on Monday that it will permit foreign investment in listed companies owning real estate within Islam’s two

Saudi Arabia's market regulator said on Monday it would allow foreign investment in listed companies that own real estate within Islam's two holiest sites of Makkah and Madinah. Saudi Arabia's market watchdog,

DUBAI: Saudi Arabia's market regulator has unveiled a plan to allow foreigners to invest in listed companies that own real estate in Makkah and Madina in a bid to boost foreign investment.The

In a significant move aimed at boosting the Kingdom’s capital market and aligning with Vision 2030, the Saudi Capital Market Authority (CMA) announce

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.

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.

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.