Opening An Account

To trade on the Saudi Exchange, investors are required to contact a Custody Member of “Edaa” to open a Center Account.

For more information visit our Member Directory.

To open a Center Account for Saudi, GCC and Residents:

Subject to the conditions and restrictions provided in the Securities Depository Center Rules (SDCR), the following investors are eligible for opening a center account:

Natural persons.
Companies.
Charitable and social institutions and associations
Endowments.
Licensed mutual funds.
Public institutions.
Government funds.
Any other person authorized under the Capital Market Law and its implementing regulations to own and/or trade securities.

Documentation required for identifying investors in the Depository & Settlement System (DSS) (Saudi, GSS, and Resident):

1. Individuals:

For Saudis and GCC nationals: a copy of the National identification card or family card.
For non-GCC nationals: a copy of valid residency license card (Iqama) and passport.

2. Companies:

A copy of the commercial register.
A copy of the company’s by-laws or articles of association, its annexes and any amendment thereof.
A copy of the board of directors’ resolution approving the opening of a Center Account for the company and granting the power to those who will sign on behalf of the company.
Copies of the identification cards of members of the board of directors of the listed joint stock company.

3. Charitable, Social associations and institutions:

A copy of both, license and by-laws of charitable and social associations and institutions.
A copy of the resolution of the relevant public entity approving the investment.
A copy of the resolution of the charitable or social association or institution appointing the person who manages the Center Account and the Cash Account.
A copy of the identification card of the person appointed to manage the Center Account and Cash Account.
A copy of the Capital Markets Authority (CMA) or Authorities within the GCC (depending on the investors nationality) letter of approval issued for the charitable and social institutions and associations.

4. Endowment:

A copy of both, the title deeds of endowment and appointment of trustee.
A copy of the identification card of the trustee of the endowment.

5. Mutual Funds:

A copy of the license issued to establish the mutual fund.
A letter from the manager of the mutual fund stating the name of the person authorized to manage the Center Account of the fund.
A copy of the identification card of the person appointed to manage the Center Account of the fund.

6. Public institutions or government funds:

A copy of the statute or by-laws of the public institution or government fund.
A copy of the resolution issued by the public institution or government fund stating the name of the person authorized to manage its Center Account.
A copy of the identification card of the Saudis and GCC nationals or copy of residence permit (Iqama) and passport of the non-GCC nationals authorized to manage the Center Account and Cash Account of the public institution or government fund.
A copy of the Capital Markets Authority (CMA) or Authorities within the GCC (depending on the investors nationality) letter of approval issued for the public institution or government fund.

Non-resident Foreign Investors:

To open an investment account for registered Non-resident Foreign Investors, the following documentation is required:

Copy of valid passport.
A copy of the certificate of incorporation or commercial register or an equivalent document.
Disclosure of the investments in listed companies.

(For more information on Foreign Investors, please click here and click here)

Have Unanswered Questions?

FAQ's
Contact Us

Complementary Content

${loading}