Investors will be able to invest in eight companies and funds following the abolition of the ban on foreigners owning shares in the companies located in the Two Holy Mosques.
Previously, the companies and funds in which foreign investors could not own shares were: Jadwa Reit Alharamin, Masher Reit, Mefic Reit, Bonyan Reit, Taiba, Mecca, Jabal Omar, and Madinat Almarifa. Foreign investors include all individuals and companies who are non-Saudis.
Before it was amended, the law banned non-Saudi investors from investing in companies that lay within Mecca and Medina’s remits in any way other than ownership by inheritance.
