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Expats living in Saudi Arabia can invest in IPO as well as buy and sell shares through 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;
- Saudi Nationals.
- GCC nationals with a Saudi Bank account.
- Iqama holders of Saudi Arabia.
- Any business or company registered in Saudi Arabia.
Buy IPO Shares in Saudi Arabia
In order to open a Tadawul account in Saudi Arabia, 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 SNB Al Ahli account;
- Login to your Internet Bank Account.
- Click on the “IPO” under the Investment tab.
- Select “Subscribe IPO“.
- Agree to the terms and conditions.
- Enter the number of shares you want to buy in the IPO.
Click on 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 Tadawul account with Saudi Stock Market
4- At this point, the bank has already opened your Tadawul account and credited your IPO shares there. In order to activate your Saudi stock market account;
- Log in to your SNB Al Ahli Bank account.
- 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, sell shares in the Saudi Stock Market through this link.
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