Opening An Account

Subject to the conditions and restrictions provided in the Securities Depository Center Rules (SDCR), the following investors are eligible for opening a center account:

•  Natural persons.
•  Companies.
•  Charitable and social institutions and associations
•  Endowments.
•  Licensed mutual funds.
•  Public institutions.
•  Government funds.
•  Any other person authorized under the Capital Market Law and its implementing regulations to own and/or trade securities.

1. Individuals:

•  For Saudis and GCC nationals: a copy of the National identification card or family card.
•  For non-GCC nationals: a copy of valid residency license card (Iqama) and passport.

2. Companies:

•  A copy of the commercial register.
•  A copy of the company’s by-laws or articles of association, its annexes and any amendment thereof.
•  A copy of the board of directors’ resolution approving the opening of a Center Account for the company and granting the power to those who will sign on behalf of the company.
•  Copies of the identification cards of members of the board of directors of the listed joint stock company.

3. Charitable, Social associations and institutions:

•  A copy of both, license and by-laws of charitable and social associations and institutions.
•  A copy of the resolution of the relevant public entity approving the investment.
•  A copy of the resolution of the charitable or social association or institution appointing the person who manages the Center Account and the Cash Account.
•  A copy of the identification card of the person appointed to manage the Center Account and Cash Account.
•  A copy of the Capital Markets Authority (CMA) or Authorities within the GCC (depending on the investors nationality) letter of approval issued for the charitable and social institutions and associations.

4. Endowment:

•  A copy of both, the title deeds of endowment and appointment of trustee.
•  A copy of the identification card of the trustee of the endowment.

5. Mutual Funds:

•  A copy of the license issued to establish the mutual fund.
•  A letter from the manager of the mutual fund stating the name of the person authorized to manage the Center Account of the fund.
•  A copy of the identification card of the person appointed to manage the Center Account of the fund.

6. Public institutions or government funds:

•  A copy of the statute or by-laws of the public institution or government fund.
•  A copy of the resolution issued by the public institution or government fund stating the name of the person authorized to manage its Center Account.
•  A copy of the identification card of the Saudis and GCC nationals or copy of residence permit (Iqama) and passport of the non-GCC nationals authorized to manage the Center Account and Cash Account of the public institution or government fund.
•  A copy of the Capital Markets Authority (CMA) or Authorities within the GCC (depending on the investors nationality) letter of approval issued for the public institution or government fund.

In order to access to the Saudi Exchange, Qualified Foreign Investors must be assessed and approved by an assessing authorized person prior to placing an order in the market through one of Edaa's members.

(For more information on qualified foreign investors, please click here)
To open an investment account for registered QFI, the following documentation is required:

•  QFI details form.
•  A copy of the certificate of incorporation or commercial register or an equivalent document.
•  Disclosure of the QFI’s investments in listed companies.

For more information, please contact our Customer Service team on email: cc@edaa.sa