CMA deregulates market institutions' trading commission on Nomu

01/12/2020 Argaam

The Capital Market Authority (CMA) approved today, Dec. 1, the deregulation of the market institutions’ commission of buying and selling listed equities on Nomu-Parallel Market for both seller and buyer.

 

However, the Saudi Stock Exchange (Tadawul) and CMA commission will remain unchanged.

 

The buying and selling of listed equities commission charged by the market institutions shall be decided in agreement between the market institutions and their clients.

 

The change will be effective Jan. 3, 2021.

 

The move comes in line with the commitment of CMA and Tadawul to develop Nomu–Parallel Market. It further aims to facilitate a more attractive trading environment, enhance liquidity and improve the availability of value-added services provided by market institutions.

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