Al Rajhi Capital

The most important price is the one we could not find. Al Rajhi Capital's local-shares page describes its brokers and channels but names no commission for trades on the Saudi Exchange (Tadawul) or the parallel market Nomu. The homepage links a notice on securities trading commission for ETF units and rights to a Saudi Exchange page, and that page returned an access error (HTTP 403) on 2 November 2026. Brokaro therefore records no local rate; ask Al Rajhi Capital for its current Saudi commission before you compare it with anything.

Abroad, the International Brokerage Commission schedule (Stock & Sukuk, version 9) is detailed:

• US shares via IBKR: USD 0.01 per share, minimum USD 1 per order; US options USD 0.80 per contract, minimum USD 1. A table headed 'Prices for October' shows USD 0 for shares in regular hours and USD 0.008 per share before and after the market; the schedule does not say whether this continues.
• US shares via GTN: 1.4 US cents per share with a USD 1.80 minimum, or a fixed USD 25 per transaction for shares under USD 1.
• Gulf and MENA: Dubai and Abu Dhabi 0.30% (minimum AED 130), Kuwait 0.15% (KWD 20), Qatar 0.35% (QAR 100), Bahrain 0.35% (BHD 10), Oman 0.40% (OMR 5), Egypt 0.45% (EGP 100).
• Europe: 0.18% with a minimum of EUR 18, GBP 18 or CHF 18 (DKK, NOK or SEK 80), plus a custody fee of 0.05% a year, deducted monthly.
• Turkey and Asia-Pacific: 0.18% in Turkey, Australia, Hong Kong, mainland China, Japan and Singapore (minimums such as TRY 80, AUD 80, HKD 180, JPY 4,000 and SGD 18), 0.38% in Indonesia, Malaysia, Thailand and New Zealand, 0.48% in the Philippines; New Zealand and the Philippines add USD 20 per transaction.
• Sukuk: 0.30% per trade with a USD 30 minimum and 0.10% a year in custody.

All commissions exclude VAT and other taxes. The schedule prices margin trading at BM + 2%. Real-time prices on the international platform are a paid upgrade whose fee is not stated, while delayed prices are free. The schedule also notes that US orders may be subject to payment for order flow received by the executing brokers.

Al Rajhi Capital is a Saudi closed joint stock company (commercial registration 1010241681) with paid-up capital of SAR 500 million, headquartered in Riyadh. Its own About page states a Capital Market Authority licence numbered 07068-37, dated 19 June 2007, with operations starting on 18 March 2008. The CMA's public list of licensed financial market institutions, read on 2 November 2026, shows Al Rajhi Capital for advising, arranging, custody, dealing and managing investments and operating funds; the list does not display a licence number, so that reference comes from the company. Brokaro classes the CMA as a tier-2 regulator, alongside the UAE's DFSA and FSRA.

The company is wholly owned by Al Rajhi Bank, which says it was founded in 1957 and became a Saudi joint stock company in 1988. The bank is listed on the Saudi Exchange under the symbol 1120, which also appears in Al Rajhi Capital's own Sharia list of Main Market companies. Al Rajhi Capital publishes annual reports and financial statements; its 2025 annual report contains an independent auditors' report. We found no banking licence for Al Rajhi Capital itself; its licence is the CMA authorisation described above.

What is missing matters as much. We found no general investor compensation scheme in Saudi Arabia: the CMA's 2025 annual report describes court-awarded compensation and three case-specific funds for those affected by capital-market violations, not a standing scheme with a limit per client. The pages we read do not describe how client cash and securities are segregated in the brokerage business, so this record leaves segregation undocumented rather than assuming it. Licence and parent describe who stands behind the firm; none of it protects you against market losses.

Sharia governance is central to how Al Rajhi Capital presents itself, and Brokaro reports it as the provider's statement, not as a ruling. The company describes its products and services as complying with Shariah and says they are offered only after approval by its Shariah Board, which it names as three scholars chaired by Sheikh Dr. Saleh Ibn Mansour Al-Jarbou. According to the same page, a Shariah department with a board secretariat and a Shariah control unit reviews transactions, contracts and products.

Two practical consequences are visible in the documents. First, the international commission schedule cites Shariah Committee approval No. 110 and states that the company does not allow trading in stocks or sukuk that fail its Sharia criteria, so the foreign share universe is filtered by the provider. Second, Al Rajhi Capital publishes a Sharia list of Saudi Main Market (TASI) companies for Q2-2026, split into permissible and non-permissible names, based on resolution No. 485 of Al Rajhi Bank's Sharia board. That resolution sets screens such as interest-bearing debt of no more than 30% of the market value of a company's assets and impermissible income of no more than 5% of total income, and says such stocks should be sold as soon as practicable, preferably within 90 days, if a company no longer meets them. According to the app's release notes (version 8.0.6, June 2026), the lists can also be viewed in the app's settings. The pages we read do not say whether the app blocks orders in Saudi stocks on the non-permissible list.

For financing Saudi shares, Al Rajhi Capital offers Murabaha, which it describes as complying with Shariah: it finances the purchase of stocks from the local market, and the client repays the facility with a specified profit added. According to its release notes, the app also offers margin trading in the US market, and the international schedule prices margin trading at BM + 2%; the pages we read do not say how that facility is structured. Whether any of this meets your own religious requirements is a question for a scholar you trust; Brokaro does not rule on it.

Most clients will use the Al Rajhi Capital app, which combines Saudi brokerage, international brokerage and Al Rajhi Capital's mutual funds in one place, in Arabic and English. Its store description lists swipe ordering, real-time prices, chain orders, alerts on market moves and order status, and statements and profit-and-loss reports in a few taps. Store ratings are strong: 4.6 from 217,057 ratings on the Saudi App Store and 4.2 from 45,274 ratings on Google Play, where it shows more than 1 million downloads (both read on 2 November 2026). The company's 2025 annual report says the app passed 2 million downloads and that more than 90% of client transactions now run through digital channels; those are its own figures.

On a computer, Al Rajhi eTadawul is the browser platform for Saudi shares, which the provider says also serves regional and international trading, with customised alerts, consolidated portfolio evaluation, cash transfers, transaction history and analysis tools, and it shares log-ins and watch lists with the app. For foreign markets there is also a separate international online trading platform reached through a globaltradingnetwork.com address: one screen for several markets, order baskets, technical indicators, market depth and company news. Its default package shows delayed prices; real-time Level 1 and Level 2 data per market cost extra.

For those who prefer a person, a phone trading centre takes orders on toll-free 800 124 0027 (+966 92000 7762 from abroad), and the investment centres offer walk-in trading from a client lounge with price display screens and financial news on TV. On 28 June 2026 the company apologised on its homepage for a temporary technical fault in the app, which it says was resolved.

At home, Al Rajhi Capital covers the Saudi Exchange Main Market, the parallel market Nomu, IPOs and rights issues, and ETFs listed in Riyadh, including its own Al Rajhi MSCI Saudi Equity ETF. Its asset-management arm runs a long list of mutual funds, from Saudi, GCC and global equity funds to sukuk, money-market, multi-asset and endowment (awqaf) funds, plus the Al Rajhi REIT; the homepage advertises fund subscriptions in the app from SAR 10. According to its 2025 annual report, the app also offers a robo-advisory service and automated investment paths; their terms are not published on the pages we read.

Abroad, the international commission schedule lists the US, seven Gulf and MENA exchanges (Dubai, Abu Dhabi, Kuwait, Qatar, Bahrain, Oman and Egypt), 14 European markets from the UK and Germany to Switzerland and the Nordics, and 11 markets in Asia-Pacific and Turkey, including Hong Kong, mainland China, Japan, Singapore and Australia; for the US, the international brokerage page names the NYSE and Nasdaq. The homepage speaks of more than 37 markets in the app. US options appear in the schedule at USD 0.80 per contract, and sukuk can be traded and held in custody.

We found no forex, CFDs, crypto or futures on the pages we read, and the provider's Sharia filter narrows the foreign share universe further. According to the brokerage FAQ, US markets trade from 16:30 to 23:00 Saudi time in summer and from 17:30 to 00:00 in winter. Saudi Arabia is not on the IRS list of US income tax treaties, so US dividends paid to a Saudi resident bear the statutory 30% US withholding tax.

Opening an account depends on being an Al Rajhi Bank customer. The online route on alrajhitadawul.com.sa says it takes no more than 10 minutes: you need a valid Al Rajhi Bank ATM card, enter its number and PIN, and confirm with an SMS code. Without an active card for your current account, you fill in a form and complete the opening at one of the investment centres in Saudi Arabia. IPO financing explicitly requires a current account with Al Rajhi Bank.

International brokerage is a separate step. You register for the service online and then visit an investment centre to sign four documents: a customer identification form, the investment account opening agreement, the stocks and instruments trading services agreement and a FATCA self-certification. The brokerage FAQ states that no minimum amount is required to open an investment account for international brokerage.

For the international account, the brokerage FAQ routes money through Al Rajhi Bank. To fund it you transfer from your Al Rajhi Bank account through the bank's electronic channels, within their transfer limits; larger amounts go through a branch. To withdraw from the international account, you submit a fund-transfer notification in the online service, confirm it with customer service and receive an SMS once the money reaches your current account. According to its release notes, the app shows the expected cash-out timing based on the destination bank and working hours. The provider quotes its own minimums in Saudi riyals (SAR). The pages we read state no fees and no processing times for deposits or withdrawals, and no currency conversion margin for foreign trades.

Al Rajhi Capital runs its own research department, which publishes a daily market report in Arabic and English (the 2 November 2026 issue was on the homepage) plus equity, sector and economic research on Saudi companies and sectors such as banks, petrochemicals, cement and retail. The company and sector reports listed centre on Saudi Arabia rather than on the foreign markets you can trade.

Education is thin. The investor-awareness area mostly carries fund circulars and dividend notices, with a short general-awareness section (closing-price calculation and VWAP), an infographic on the Tadawulaty service and a small Tadawul knowledge centre with four topics (industry classification, REITs, T+2 settlement and Nomu). We found no structured course library and no demo account, only walkthrough demos of eTadawul.

Support is broad in channels but limited in hours. Customer service answers Sunday to Thursday from 08:30 to 16:30, on 800 124 5858 inside Saudi Arabia and +966 92000 5856 from abroad, and by email; eTadawul and app users can also write through a message centre. Automated phone services and some online services run around the clock. For walk-in help the company names 16 offices across the Kingdom and a network of investment centres. Complaints can be filed at an investment centre, by phone, through the eTadawul message centre or by fax. We found no published response times, and the support pages do not say which languages the phone desk speaks.