Riyadh – Mubasher: Saudi Arabia's Capital Market Authority (CMA) raised trades' commission on the Saudi Stock Exchange (Tadawul) from 12 basis points to 15.5 basis points, according to a press release on Thursday.

The market regulator's decision will take effect as of 17 July 2016, cancelling fixed commission on equity transactions amounting to or less than SAR 10,000 ($2,668).

By adopting this amendment, CMA pondered "the anticipated approval of fees for the deposit, transfer, settlement, clearing and registration of ownership of securities traded on the Exchange". 

This step aims to develop the Capital Market and to apply best international practices which would attract and positively affect investors.