The authority revealed that the asset size of real estate funds during the same period increased by 29.1% to 192.2 billion riyals compared to 2022. The authority explained that the volume of assets of real estate funds during the same period increased by 29.1% to 192.2 billion riyals compared to 148.8 billion riyals recorded in 2022.
Tadawul emphasized that foreign ownership of shares of Saudi listed companies that have investment properties in Makkah and Madinah contributes to stimulating investments, raising the attractiveness of the Saudi capital market and enhancing its regional competitiveness.
It pointed out that the ownership by non-Saudis of shares of Saudi listed companies that have investment properties in Makkah and Madinah is limited to the benefit related to the security and does not extend to shareholders“ ownership of real estate located within the boundaries of the cities of Makkah and Madinah, and does not prejudice the commitment of foreign investors and listed companies to the relevant laws, regulations and instructions.
Non-Saudis owning shares of Saudi listed companies that have investment properties in Makkah and Madinah.
