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.

Rabiah's direction, the Saudi Arabian Ministry of Hajj and Umrah has undergone a revolutionary change. Epitomizing Saudi Arabia's great dedication to its responsibility as the guardian of the Two Holy ...

The move will allow foreigners to invest in firms whose revenues rely on the Islamic pilgrimage, one of the top revenue sources for the oil-rich kingdom ...