CMA
هيئة السوق الماليةThe Capital Market Authority, Saudi Arabia’s securities regulator. It licenses investment funds, REITs and special-purpose vehicles, and its rules set the terms on which listed companies and funds may hold real estate, including in Makkah and Madinah. You meet it when you look at a REIT or a fund as an indirect route.
Also called Capital Market Authority · Updated 22 January 2026
Looking this up because you mean to buy? Your next question is Am I allowed to buy?
Where you meet it
- Shares and fundsHow a non-Saudi can own near the Haram
- Who can buyCan foreigners buy property in Makkah and Madinah?
- Investing in Makkah and Madinah without a unit
Related words
Sources
REGA — law text · 25 Jul 2025
Tadawul-listed companies, licensed funds and SPVs may own real estate Kingdom-wide including Makkah and Madinah under CMA rules (Law Art. 4).
Where each fact above comes from, with the source’s own date where it gives one.