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Saudi Arabia: Listed companies may own real estate in the Kingdom, including Makkah and Madinah

A change recorded in WONE Global’s guide to Saudi Arabia, under deals and investment.

WONE Global's guide to Saudi Arabia records this change under deals and investment. Each statement below has been checked against the source it links to.

  1. Listed companies may own real estate in the Kingdom, including Makkah and Madinah, but a listed company holding property there for purposes other than its own or its branches' headquarters must keep non-Saudi ownership of its shares and convertible debt instruments at or below 49% at all times and may not have a foreign strategic investor as a holder.

    Issued by CMA Board Resolution 1-8-2026 dated 21 January 2026 under the Capital Market Law and the Real Estate Ownership by Non-Saudis Law. Investment funds and special purpose entities are also covered.

    Capital Market Authority (CMA) · Controls on the Ownership of Real Estate in the Kingdom by Listed Companies, Investment Funds and Special Purpose Entities ↗ Checked against an official source · Not yet professionally reviewed · checked 19 October 2026

This is a summary of the rule as published, not advice on how it applies to you. The WONE Global Partner for this service in Saudi Arabia can advise on that.