IBKR Becomes First International Broker To Offer Foreign Traders Access To Saudi Exchange

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James Barra
Head of Content
James is Head of Content and a brokerage expert with a background in financial services. A former management consultant, he's worked on major operational transformation programmes at top European banks. A trusted industry name, James's work at DayTrading.com has been cited in publications like Business Insider.
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Tobias Robinson
CEO and Head of Broker Testing Panel
Tobias is the CEO of DayTrading.com, an active investor, and a brokerage expert. He has over 30 years of experience in financial services, including supervising the reviews of more than 500 trading brokers, and contributing via CySEC to the regulatory response to digital options and CFD trading in Europe. Tobias' expertise make him a trusted voice in the industry, where he's been quoted in various financial organizations and outlets, including the Nasdaq.
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William Berg
Securities Law Expert
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
Updated

Interactive Brokers has inked a historic deal with Saudi National Bank Capital, giving foreign retail traders access to stocks, exchange-traded funds (ETFs) and real estate investments trusts (REITs) on the Saudi Stock Exchange, known as Tadawul.

Key Takeaways

  • Clients of IBKR can deal in the Middle East’s biggest stock exchange, home to 234 companies spanning 21 sectors, including Al Rajhi Bank and Saudi Aramco.
  • View the latest tradable assets by navigating IBKR’s Products Search and selecting ‘Saudi Arabia’ under ‘EMEA’ in ‘Regions’.
  • The total market cap on Saudi Exchange Main Market is around SAR 10.05 trillion with an average daily trading volume of around SAR 10.64 billion, according to Saudi Tadawul Group.
  • Saudi Arabia is the Persian Gulf’s leading economy and is poised for more change after regulatory developments that have enabled foreign retail investors access to Saudi equities.
Using Interactive Brokers' product search to find Tadawul stocks
IBKR Product Search

Existing IBKR users can start trading Saudi securities within 24 hours by following these steps:

  1. Sign in to the Portal
  2. Select ‘User’ under ‘Settings’
  3. Choose ‘Trading Permissions’
  4. Choose ‘Stocks – Add/Edit’
  5. Choose ‘Saudi Arabia’ and press ‘Continue’
  6. Review the legal documents and press ‘Continue’

About Interactive Brokers

Interactive Brokers is one of the industry’s longest-standing providers, serving serious traders since 1978.

It’s listed on the NASDAQ and regulated by ‘green tier’ bodies under DayTrading.com’s Regulation & Trust Rating, including the SEC and CFTC in the US, FCA in the UK, and MAS in Singapore.

It delivers in the tooling department with its recent IBKR Desktop platform in addition to features such as Option Lattice and Screeners with MultiSort, plus a reliable, real-time market data feed.

New traders can open an IBKR account with no minimum deposit.

Your capital is at risk. Trade only with funds you can afford to lose.
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Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.