The the Capital Market Authority invited all interested parties, stakeholders, and participants in the capital market to submit their views on the regulations exempting companies listed on the Saudi capital market from the meaning of the phrase "non-Saudi" in accordance with the Regulation on Non-Saudi Ownership and Investment in Real Estate, within 15 days ending on 15/05/1445 AH, corresponding to 29/11/2023 AD.
Regulations Governing Foreign Ownership of Real Estate Company Shares
According to the Authority, the regulations require that foreign investors be granted the opportunity to own shares in Saudi companies listed on the capital market that hold investment properties within the boundaries of the cities of Makkah and Madinah, subject to certain conditions and specific ownership percentages. This is intended to help regulate and facilitate foreign investors’ ownership in these companies, which will positively stimulate investment and enhance the attractiveness of Financial Market Saudi Arabia aims to enhance its competitiveness regionally and internationally and support the local economy by attracting foreign capital to the financial market, in addition to strengthening the regulation of real estate sector activities in the Kingdom to keep pace with the significant growth this sector is experiencing.
