Regulatory Alerts2026-01-21
Controls on Real Estate Ownership in Saudi Arabia by Listed Companies, Investment Funds, and Special Purpose Entities
The Capital Market Authority has issued binding controls governing how listed companies, investment funds, and special purpose entities may own or acquire real estate across Saudi Arabia, including Makkah and Madinah. Properties located within these holy cities must be dedicated to headquarters or branch operations, though an exception permits non-Saudi shareholders to collectively hold up to 49 percent of a listed company’s shares for alternative uses. Capital Market Institutions may accept non-Saudi subscriptions in real estate funds, and all regulated entities must comply with the Real Estate Ownership by Non-Saudis Law during redemptions, liquidations, and ongoing operations.
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