Mecca receives millions of Muslim pilgrims each year but the city is undergoing ... Sameer Al-DOUMY Saudi Arabia on Monday said foreigners are from now on allowed to invest in Saudi-listed companies ...

DUBAI, Jan 27 (Reuters) - 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 ...

Foreign investment would be limited to shares, convertible debt instruments, or both and would exclude “strategic foreign investors” ...

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.

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.

Saudi Arabia's market regulator is opening listed companies owning real estate in Mecca and Medina to foreign investors. This initiative aligns with economic diversification under Vision 2030, aiming ...

The kingdom has also reoriented its spending from overseas into its domestic market. One indicator of this was that in 2024, ...

Masjid Al Nabawi is a ravishing mosque erected by Prophet Mohammad in Medina ... southwestern part of Saudi Arabia besides the shore of the Red Sea, Al Lith is a popular city and a haven for ...