Saudi Arabia’s market watchdog, the Capital Market Authority (CMA), said in a statement the move aimed to attract foreign ...

Hajj pilgrimage is one of the Five Pillars of Islam, an essential act of worship that every capable Muslim is obligated to ...

The Haj is one of the world's largest religious gatherings and the major annual event in Saudi Arabia. It is regarded as one ...

Flooding in Medina also occurred in 2005 during the final days of the annual Hajj pilgrimage and resulted in the deaths of 29 people, according to NASA's Earth Observatory. Regarding the rainfall ...

Saudi Arabia's market regulator is opening listed companies owning real estate in Mecca and Medina to foreign investors. This ...

Saudi Arabia's decision to allow foreign investment in Mecca and Medina real estate opens new opportunities for global ...

Saudi Arabia's market regulator announced on Monday that foreign investors can now invest in listed companies owning real ...

Saudi Arabia's market regulator revealed that foreign investors are now permitted to invest in publicly traded companies that ...

The annual pilgrimage plays a vital role in the country's economy ... In 2021, it allowed non-Saudis to subscribe to real estate funds investing within the boundaries of Mecca and Medina.

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.