As of 1 February 2026, the Capital Market Authority (CMA) has fully liberalized foreign investor access to the Saudi capital market.

Key regulatory requirements:

• • Direct market access is permitted for all foreign investors
  • The former QFI framework and SWAP structures have been abolished

Eligible investor types:

• • Foreign institutions (funds, asset managers, banks, family offices)
  • Foreign corporates
  • Foreign individuals (subject to onboarding standards and AML controls)

Ownership limits:

• • Up to 10% per foreign investor per listed company
  • Up to 49% aggregate foreign ownership per issuer
  • GCC nationals are treated as Saudi investors

Compliance requirements:

• Full KYC / KYB, AML, sanctions, and PEP screening
• Disclosure of Ultimate Beneficial Owners (UBOs)
• FATCA / CRS declarations (where applicable)

Core institutional documentation (foreign or local):

• • Certificate of incorporation / Commercial Registration
  • Articles of Association and amendments
  • Board Resolution approving account opening
  • List of authorized signatories with IDs/passports
  • Ownership structure & UBO declaration
  • IDs/passports of shareholders owning 25% or more
  • Authorized signatory list and specimen signatures
  • FATCA / CRS forms (W-8 / W-9 if applicable)
  • Bank account and custody details (if applicable)

This aligns with CMA onboarding standards and Alkhabeer’s institutional checklist.

Direct Market Access (DMA) allows institutional investors to place orders directly into the Tadawul order book using their own trading systems.

Key advantages:

• • Lower latency and faster execution
  • Greater control over order placement (price, timing, slicing)
  • Reduced market impact for large trades
  • Compatibility with algorithmic strategies (VWAP, TWAP, participation)
  • Improved transparency and best-execution outcomes

DMA is particularly valuable for:

• Global asset managers
• Index and passive funds
• High-volume institutional traders

WAMID is Tadawul’s market access and messaging gateway.

Direct WAMID connectivity enables:

• • Ultra-low latency order routing
  • Higher system stability and resilience
  • Direct integration with Tadawul trading engines
  • Institutional-grade throughput during peak events (index rebalances, IPOs, block trades)

For institutional investors, this translates into:

• Faster fills
• Better price discovery
• Scalable execution during high-volume market windows

Yes. Alkhabeer Capital operates under a formal Shariah governance framework.

Key features:

• • Dedicated Shariah Committee
  • Shariah review of:

– Trading products

– Margin and financing structures

– Investment instruments

• • Availability of:

– Shariah-compliant equities

– Shariah-approved margin structures

– Shariah-screened funds and ETFs

All Shariah matters are governed by binding rulings of the committee.

Through Alkhabeer Capital, institutional investors can access:

• • Saudi Main Market (Tadawul)
  • Nomu – Parallel Market
  • Saudi listed ETFs
  • Saudi investment funds
  • Selected international markets (subject to mandate and approvals)

Post-trade services include custody, settlement, corporate actions, and institutional reporting.

Institutional investors may contact Alkhabeer Capital through:

• • Dedicated Institutional Coverage Team
  • Relationship-managed onboarding for foreign and corporate clients
  • Email: info@alkhabeer.com
  • Website: www.alkhabeer.com

For institutional or foreign investor onboarding, clients are typically assigned a single point of contact covering onboarding, execution, and post-trade services.