Business Insider · 1d
The Saudi Capital Market Authority: Allowing Foreign Investment in Real Estate Listed Companies Operating in Makkah and Madinah
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,
Zawya · 2d
Saudi Arabia to allow foreigners to hold shares in Makkah and Madinah property companies
The Saudi Capital Market Authority (CMA) on Monday announced that foreigners can invest in Saudi-listed companies that own real estate in Makkah and Madinah. The decision is expected to increase avenues for the sector to secure financing.
Bloomberg L.P. · 2d
Saudi Arabia Opens Foreign Property Investments in Holy Cities
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 for the first time as the kingdom looks to draw in more overseas investment.
Arabian Business · 1d
Saudi Arabia now allows foreign investment in listed real estate companies in Makkah and Madinah
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.
Samaa · 1d
Saudi Arabia allows foreign investments in Makkah, Madinah real estate
Previously, non-Saudis were allowed to lease properties in Makkah and Madinah but faced significant restrictions on ownership. Under the new guidelines, foreign investments will be limited to shares or convertible debt instruments of listed real estate companies,
Reuters · 2d
Saudi Arabia allows foreigners to invest in firms with property in Mecca, Medina
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 Mecca and Medina, as the Gulf country looks to attract more investment.
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