Riyadh – Mubasher: Saudi Arabia will start working with the new trading commission mechanism on Sunday 17 July, which involves increasings the level of commission on any buying or selling of equity share transactions, according to the Capital Market Authority (CMA)
The CMA decided to increase the trading commission on any purchase or sale of equity share from 0.120%, which equals SAR 12 for every SAR 10,000, to 0.155% or SAR 15.5 for every SAR 10,000 of the deal’s value.
The market canceled all unexecuted decisions by the end of Thursday, 14 July’s session to be effective by Sunday 17 July, under the new mechanism.
The minimum commission for any executed order of equity shares with a value equal to or less than SAR 10,000 will be eliminated, according to the CMA.
The authority highlighted that the amended trading commission will be distributed over the CMA, Saudi Stock Exchange (Tadawul), and authorised people according to specific percentages.
