How to invest/buy shares in Saudi Stock Market? (2024)

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;

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

In order to open a Tadawul account in Saudi Arabia with SNB, 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 SNB

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, and sell shares in the Saudi Stock Market through this link.

Buy IPO Shares with Al Rajhi Bank

In order 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.