How to open a Tadawul account in Saudi Arabia?

Saudis and expats living in Saudi Arabia need a Tadawul account to buy and sell shares in the Saudi stock exchange. Here is a simple way to open an account in Tadawul or Saudi Stock Exchange.

Can expatriates buy shares in Saudi Arabia?

Yes, expatriates can invest their hard-earned money in the 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.

How to open a Tadawul account in Saudi Arabia?

There are two ways to open an account in the Saudi Stock Exchange and I will explain about the second method;

  1. The formal procedure.
  2. Buying IPO Shares.

In order to open a Tadawul account in Saudi Arabia, you need to

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

2- Buy any amount of shares in that public offering from any bank account. In order to do that;

  • Login to your Internet Banking Account.
  • Click on the “IPO Services” under the Investment tab.
  • Select “Subscribe IPO”.
  • Agree to the terms and conditions.
  • Enter the number of shares you want to purchase in the IPO.
  • Make the payment.
  • How to buy Saudi Aramco Shares in IPO?

3- After a few days, you will receive an SMS from your bank about the number of shares allotted to you.

4- The bank has already opened your Tadawul account and credited your IPO shares in that.

5- Take the login details of your investment account from your bank and start buying and selling shares.

6- In order to add more funds in your Tadawul account, you need to login to your internet banking account and click on the investment tab. 

7- In order to transfer funds from your investment account to your bank account, login to your investment account and request for the transfer.

open a Tadawul account in Saudi Arabia

open a Tadawul account in Saudi Arabia

open a Tadawul account in Saudi Arabia

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Steve has been living in Saudi Arabia since 2013 and writing about Saudi rules, regulations, guides, and procedures since then.