Saudi Arabia’s market watchdog, the Capital Market Authority (CMA), said in a statement the move aimed to attract foreign capital and provide liquidity for present and future projects in the two cities.
Saudi Arabia’s market regulator says it will 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. The move will allow foreigners to invest in firms whose revenues rely on the Islamic pilgrimage, one of the top […]