Tadawul said to impose new listing fees as of April 1

The Saudi Stock Exchange (Tadawul) will impose new fees on listed companies as of April 1, on a proportional basis for the remaining nine months of 2017, unnamed sources close to the matter told Argaam.

The new listing fees are estimated at 0.0001 percent, or one basis point (bps), of a company’s paid-in capital plus 0.00005 percent (0.5 bps) of the company’s market value. The new charges will not exceed SAR 1 million annually for every listed company.

As of 2018, the new fees will be estimated biannually in advance, sources said.

Last July, the Capital Market Authority (CMA), Saudi Arabia’s market regulator, approved raising commission on trades of Tadwul-listed firms.

Commission was increased from 12 bps to 15.5 bps per transaction, or SAR 15.5 for every transaction worth SAR 10,000.

Fixed commission on equity transactions equal to or less than SAR 10,000 was also eliminated.