About Commission
1. Instructions for using the 70% commission and SAR 3:
70% discount is first applied to your commission. Then, however much your discounted commission exceeds SAR 3, we charge SAR 3 only.
2. Calculation Formula
*Currency: SAR
*Single transaction amount = Number x SAUDI ARAMCO Price (Based on closing price at 13/08/2024.)
*Sahm Commission Calculation = Single transaction amount x 0.105% x 30%
*Other Broker Commission Calculation = Single transaction amount x 0.105%
3. Fees Charged by Sahm
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Type | Fees (SAR) | Charged by |
Commission | 30% * 0.105% * Net transaction amount | Sahm Capital |
CMA Fee | 0.030%* Transaction Amount | CMA |
Exchange Fee | 0.009%* Transaction Amount | Tadawul |
Settlement Fee | 0.005%*Transaction Amount | Edaa |
Safekeeping Fee | 0.001%* Transaction Amount | Edaa |
Clearing Fee | 0.005%*Transaction Amount | Muqassa |
VAT | 15%* (Commission + Exchange Fee + Settlement Fee + Safekeeping Fee + Clearing Fee) | Saudi Government |
4. FAQs
Q1: What's the relationship between "70% off" and "SAR 3 max"?
First, a 70% discount is first applied to your commission of a single order. Then, however much your discounted commission exceeds SAR 3, we charge SAR 3 only.
Q2: What does "Per Trade" mean?
The commission discount is on a single order basis. If an order is filled through multiple transactions or filled separately on multiple trading days, this order will be considered as multiple orders and charged separately.
Q3: How to use the lifetime 70% off commission coupon?
First, you open a Saudi securities account to activate the coupon. Second, you go to "My Coupons", find the coupon, and click "Use".
Q4: When does the commission discount take effect?
The effective time will be indicated by a pop-up prompt after you use the commission coupon. It's effective either on next order or next trading day.
