How to invest/buy shares in Saudi Stock Market?

Expats living in Saudi Arabia can invest in IPOs and buy and sell shares through the Saudi Stock Market by opening a Tadawul account. Here is the 6 steps process;

Can expats buy stocks in Saudi Arabia?

Yes, expats can invest their hard-earned money in the Saudi stock market and buy and sell shares of any company listed on Tadawul. The following people are allowed to buy shares in Saudi Arabia;

1. Saudi Nationals.
2. GCC nationals with a Saudi Bank account.
3. Iqama holders of Saudi Arabia.
4. Any business or company registered in Saudi Arabia.

Buy IPO Shares with SNB

To open a Tadawul account in Saudi Arabia with SNB, you need to

1- Wait for any company’s Initial Public Offering (IPO). You will get the latest updates about the IPOs on the Tadawul website.

2- Buy any shares in that IPO from any bank account. To do that, we are using an example of the SNB Al Ahli account;

• Download the Application through PlayStore or iTunes.
• Login to your Internet Bank Account.
• Click on the Menu in the bottom-right corner.
• Select “Investments“.
• Click on the “IPO.”
• Select the company you want to invest in.

• Enter the number of shares you want to buy in the IPO.
• Click the “Confirm” button to buy IPO shares and start investing in the Saudi Stock Market.

 

3- After a few days, you will receive an SMS from your bank about the number of shares you have bought in the IPO.

 

Open a Tadawul account with SNB

4- The bank has already opened your Tadawul account and credited your IPO shares. To activate your Saudi stock market account,

• Log in to your SNB Al Ahli Bank account.
• Click on the Menu in the bottom-right corner.
• Click on “Investments“.
• Select “Tadawul Portfolio“.
• Note down your “Trading Account Number.”

5- Now open the Al Ahli Tadawul website from this link;

• Click on “Register in Saudi Market“.
• Agree to the terms and conditions.
• Enter Iqama Number.
• Enter the “Portfolio Number” noted down at point 4 above.

6- That’s it; you have successfully created a Tadawul account. Now, you can invest/buy, and sell shares in the Saudi Stock Market through this link.

Buy IPO Shares with Al Rajhi Bank

To open a Tadawul account in Saudi Arabia with Al Rajhi Bank, you need to

1- Wait for an Initial Public Offering (IPO) of any company. You will get the latest updates about the IPOs on the Tadawul website.

2- Buy any amount of shares in that IPO from any bank account. In order to do that we are using an example of Al Rajhi Bank account.

• Download the Application through PlayStore or iTunes.
• Log in to your Internet banking account.
• Scroll down and select “IPO“.
• Click on the “Main Market Subscription” option.
• Select the company you want to invest in.

On the next page,

• Enter the number of shares you want to purchase.
• Broker Name: Al Rajhi Financial Services Co.
• Agree to the terms and conditions.
• Click on the “Confirm” button to buy IPO shares and start investing in the Saudi Stock Market.

After a few days, you will receive an SMS from your bank about the number of shares you have bought in the IPO. 

Open a Tadawul account with Rajhi

3- On the day IPO allotted shares start trading on Tadawul, Al Rajhi Bank will open your account with Al Rajhi Capital. To activate your Saudi stock market account;

• Download the Application through PlayStore or iTunes.
• Log in to your Internet banking account.
• Click on the “Explore” option.
• Select “All Services.”
• Note down your “Portfolio Number.”

4- Now you need to activate your account with Al Rajhi Capital. To activate it;

• Install the Rajhi Capital application from PlayStore or iTunes.
• Register as a New User and complete the process.

• After the registration, log in to the Rajhi Capital website.
• Update KYC information on the website. It will give an error on the application.
• That’s it, you are all set to invest, buy and sell shares on the Saudi stock market.