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The Saudi Royal Court has announced the death of the Special Advisor to the Custodian of the Two Holy Mosques.
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"With global markets selling off, regional markets are following suit," Ramez Merhi, a Dubai-based director at Al Masah Capital Ltd., which manages $500 million, said.
The list also includes unidentified victims from the 111 people who died when a crane tipped over into Makkah's Grand Mosque on September 11.
Saudi Arabia is seeking to halt the erosion of its finances after oil prices halved in the past year.
Simultaneous raids targeted sites around the capital, Riyadh, and in Dammam.
The Haj Consulate in Jeddah on Monday said the deceased included three pilgrims from West Bengal and two each from Kerala and Jharkhand and one each from Tamil Nadu and Maharashtra.
Haj ends as pilgrims flood Mina area to stone the Satan on third day
"I just saw countless bodies lying on the floor covered in white shrouds, and I knew I could have been one of them."
Pakistani officials still tracking down many missing pilgrims in Mina.
Haj Consulate in Jeddah identified the deceased as Mansurul Haque (Jharkhand), Anvar Janha (UP), F A Muneer Veetil, Amina Beevi, Abdul Rahiman Asarithodi, P V Kunhimon and Moiuddin Abdul Kader (all from Kerala).