How do I buy shares on the Saudi Stock Exchange?

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The most important thing to ensure when buying shares is that the financial broker you are dealing with accepts deposits in the Saudi riyal currency. There are some financial brokerage companies that refuse financial transactions except in the US dollar currency only. You must also ensure the availability of an Islamic trading account with the financial brokerage company. To ensure that all trades and financial transactions are conducted in a manner compatible with Islamic Sharia regulations, the method for purchasing shares on the Saudi Stock Exchange is as follows:
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Choose a reliable financial brokerage company licensed by the Saudi Arabian Monetary Agency, to ensure that your money and investments are placed in a secure place.
Choose the type of investment account you want to open, as each brokerage company offers different types of trading accounts. Each account has some advantages, and the minimum deposit value in each account varies. The type of account that matches the financial budget that each person sets to start his trading is chosen.
After opening the investment account and funding it with the appropriate capital. You start using the trading platform and start using trading orders, by entering the stock symbols you want to buy. The trading system automatically ensures the availability of the required shares in the sellers’ accounts, as well as verifying the accuracy of the investor’s data.
Orders to buy Saudi stocks are entered into the order management system on the trading platform. According to the market system, orders are transferred to the trading system on the Saudi Stock Exchange via a high-speed communication network. The orders are then matched according to the price and date of order entry.
The share purchase transaction is executed according to orders matching the price and time, and then the shares are automatically transferred to the securities depository center until the process of transferring ownership of the shares to the buyer is completed and transferred automatically to his share portfolio.
The transaction value is transferred to the seller’s account via the Saudi money transfer system within two days from the date of the transaction.