Article 4 of the Real Estate Ownership by Non-Saudis Law

This article regulates real estate ownership by three categories of entities connected with the financial market:

• Companies listed on the Saudi financial market, established under the Companies Law.
• Lawfully licensed investment funds.
• Lawfully licensed special purpose entities.

These entities own real estate and acquire other real rights in it in the Kingdom, including Makkah and Madinah. But this ownership is not subject to the general rules alone; it follows three sources:

1. The Capital Market Law.
2. The implementing regulations of the Capital Market Law.
3. The controls set by the Capital Market Authority in coordination with the General Authority for Real Estate and the other relevant bodies.

This means the practical details, such as the limits and conditions of ownership for these entities, are found in the Capital Market Authority's rules and controls and are not stated in this article. This article comes after Article 3, which deals with unlisted companies in which non-Saudis participate, so each category has its own rule.

An investor who wants to know whether a fund or a company in which they hold shares may own a particular property may consult a lawyer specialized in securities or real estate matters.