What are the commissions for the Dubai Financial Market (DFM)?
On the Dubai Financial Market (DFM) stock exchange, commissions are 0.40% of the trade price, with a minimum charge of 20 AED.
What are the commissions for the Saudi Arabia/Tadawul (SA) stock exchange?
On the Saudi Arabia/Tadawul (SA) stock exchange, commissions are 0.25% of the trade price, with a minimum charge of 10 SAR.
What is the significant difference in the trading conditions between the DFM and SA stock exchanges compared to other exchanges?
The significant difference is that at EXANTE, holding SAR (Saudi Riyal) or AED (United Arab Emirates Dirham) balances is not allowed. Therefore, cash balances in these currencies will be automatically converted to another currency.
For example:
The system records a debit of -10,000 AED but immediately converts this amount to USD (or another selected currency). As a result, the client gets +10,000 AED and -2724.80 USD.
Please ensure no negative cash balance is left in your account to avoid daily interest charges.
If you have a negative cash balance in any currency, you can convert it by following the instructions in the article “Manage your account currencies.”
Alternatively, if you have a negative balance in SAR or AED, interest will be incurred at the excess margin rate. |
What is the tax on dividends received from securities listed on the Saudi Arabia/Tadawul (SA) stock exchange?
Please note that Saudi Arabia imposes a 5% withholding tax on dividends.
What is the tax on dividends received from securities listed on the Dubai Financial Market (DFM)?
In the UAE, a 0% withholding tax is imposed on specific categories of UAE-sourced income, to be specified by a Cabinet decision.
These rates are indicative and may vary based on the specific investment.
Investors should conduct their own due diligence: https://taxsummaries.pwc.com/quick-charts/withholding-tax-wht-rates.
EXANTE provides investment services on an 'execution only' basis and is neither a withholding agent nor a tax agent. Therefore, we cannot definitively confirm any taxes for our clients.