Saudi Arabia on Monday said foreigners are from now on allowed to invest in Saudi-listed companies that own property in Mecca ...

Saudi Arabia's market regulator said on Monday it would allow foreign investment in listed companies that own real estate ...

Foreign investors will have access to limited shares of companies listed on the Saudi capital market, convertible debt instruments or both, the Saudi Capital Markets Authority said in a statement.

The kingdom is home to Islam's holiest cities, Mecca and Medina. Saudi Arabia is bordered by the Red Sea, Jordan, Kuwait, and Iraq while surrounded to its east by Qatar and the United Arab Emirates.

The latest headlines, features, stories, travel updates and new son Saudi Arabia - officially the Kingdom ... Islam's two holiest cities - Mecca and Medina- are located.