What does a stock transfer out cost？
Fees to transfer Saudi stocks and US stocks to an outside brokerage:
- Saudi stocks
The cost of transferring Saudi stocks out from Sahm is consistent with Edaa. Details are as follows:
Service Type | Charge |
Transfer-out of Saudi stocks | Stock transfer in the same account: SAR 20/trade for the same stock* |
Stock transfer among family members: SAR 50/trade for the same stock* | |
B2B account: SAR 70/trade for the same stock* | |
Value-Added Tax (VAT) | SA stock transfer out charges * 15% |
*Note: Regardless of how many shares of that stock are transferred out.
- US stocks
Fees to transfer U.S. stocks to an outside brokerage are as follows:
Service Type | Charge |
Transfer-out of DTC | US$150/trade for the same stock*
|
*Note: Regardless of how many shares of that stock are transferred out.
- DTC is the acronym for The Depository Trust Company, which is one of the world's largest securities depositories.
- A 15% VAT will be applied to the fees generated from U.S. stocks transfer-out.
