Alkhabeer Capital offers self-directed Saudi and international securities dealing alongside asset management. Its brokerage tariff is unusually detailed, but a published commission is only one part of the cost: market charges, taxes, custody and currency conversion can also matter. Its Sindbad service is a separate discretionary portfolio, with authority to trade for the client and a different set of charges and exit conditions.[1][2][12][14]
Broker essentials01
Alkhabeer Capital at a glance
| Measure | Value | Context |
|---|---|---|
| Legal company | Alkhabeer Capital, a Saudi closed joint-stock company. | Source 6 |
| Regulator and licence | Saudi Capital Market Authority; licence 07074-37. | Source 6Source 5 |
| Head office | Jeddah, Saudi Arabia. | Source 9 |
| Core offering | Saudi and international securities brokerage, plus separate investment-management services. | Source 1Source 12 |
| Saudi equity commission | Published standard rate 0.155%, with no minimum. | Source 2 |
| Sindbad entry requirement | SAR 100,000 in cash or shares, under a separate managed-portfolio agreement. | Source 12Source 13 |
| Customer service | 800 124 7555; [email protected]. | Source 9 |
Accounts and eligibility
Sections ↑At a glance02
Choose the correct account route
| Topic | Details |
|---|---|
| Saudi citizens and residents | The opening page links the local investment-account onboarding service.Source 3 |
| Foreign investors outside Saudi Arabia | The dedicated page asks investors to register interest and join a waitlist; it is not evidence of instant account activation.Source 3Source 4 |
| Institutional clients | The foreign service describes direct market access and execution tools, with institutional due diligence.Source 4 |
| Managed investors | Sindbad requires its own subscription and discretionary-management documentation.Source 13Source 14 |
At a glance03
Foreign-market access: eligibility and availability
| Topic | Details |
|---|---|
| Saudi regulatory change | The CMA opened direct Main Market access to all categories of foreign investors from 1 February 2026, removing the former qualified-foreign-investor framework.Source 8 |
| Broker acceptance | Identity checks, account approval and applicable ownership restrictions still matter; Alkhabeer’s current foreign landing page is a registration-of-interest route.Source 4Source 8Source 7 |
| Institutional documents | The page lists incorporation documents, authorised signers, ownership/beneficial-owner information, tax and banking or custody details.Source 4 |
| Global brokerage | An activated Saudi account and approval for a particular overseas market are separate practical questions.Source 1Source 3 |
At a glance04
Identity updates and account restrictions
| Topic | Details |
|---|---|
| Identification | CMA rules distinguish Saudi/GCC identity documents, residents’ permits and non-residents’ passports.Source 7 |
| Expiry notices | The institution must notify clients at least 90 calendar days before original documents expire.Source 7 |
| Freeze notice | The rules require at least one month’s notice before the account-freezing date.Source 7 |
| Effect of an information-related freeze | Outgoing transfers, use of the balance and securities transfers/pledges are restricted, while selling securities, receiving proceeds or profits and depositing from the client’s bank account remain permitted under the definition.Source 7 |
Markets and investments
Sections ↑At a glance05
Brokerage products and market scope
| Topic | Details |
|---|---|
| Saudi equities | Local listed-share dealing with a published percentage commission.Source 2 |
| Saudi sukuk | A separate transaction commission and custody line appear in the tariff.Source 2 |
| International equities | The tariff lists North American, European, Gulf, Asian and Australasian markets.Source 2 |
| US fractional shares and options | These have separate pricing; fractional-share fees should not be confused with the standard whole-share rate.Source 2 |
| Global fixed income | Transaction and custody fees appear separately.Source 2 |
At a glance06
Financing products advertised by Alkhabeer
| Topic | Details |
|---|---|
| Murabaha | Published standard and VIP tenors of six or twelve months.Source 1 |
| Al Hassan | Standard tenors of one or three months; VIP includes one, three or six months.Source 1 |
| Long Term | The site lists three, six or twelve months for the standard product and six or twelve months for VIP.Source 1 |
| Minimums and borrowing cost | The promotional minimum labels do not identify their currency, and the page does not establish a universal financing rate or loan-to-value ratio. The specific financing offer must supply those terms.Source 1 |
At a glance07
Sindbad is a separate discretionary investment
| Topic | Details |
|---|---|
| Asset scope | A managed Saudi-equity portfolio; its terms exclude futures, options, swaps, preferred shares and derivatives.Source 13 |
| Starting capital | At least SAR 100,000, contributed in cash or shares.Source 12Source 13 |
| Contributed shares | Existing shares are sold so that the manager can build the strategy; transferring shares does not mean the original holdings will be retained.Source 12 |
| Risk and history | The documents classify the product as high risk and disclose that the new portfolio has no historical performance record; simulations are not live investment returns.Source 13Source 14 |
Fees and trading costs
Sections ↑The following figures reproduce the published brokerage schedule. Overseas brokerage commissions exclude applicable market/regulatory charges and taxes. Currency conversion and custody can add cost. A minimum applies to the order even when the percentage calculation would be lower.[2][1]
At a glance08
Saudi securities and fixed-income pricing
| Topic | Details |
|---|---|
| Saudi shares | 0.155% of transaction value; no minimum.Source 2 |
| Saudi sukuk | 0.01% transaction commission; no minimum.Source 2 |
| Saudi sukuk custody | 0.06%, described as accrued daily and paid monthly. The page does not identify an annual rate basis, so 0.06% must not be silently annualised.Source 2 |
| Global fixed-income execution | 50 basis points, equivalent to 0.50%, with USD 100 minimum.Source 2 |
| Global fixed-income custody | 20 basis points, equivalent to 0.20%; the published line does not specify the charging period.Source 2 |
At a glance09
United States and Canada
| Topic | Details |
|---|---|
| US whole shares priced at least USD 1 | USD 0.014 per share, with no minimum, for the listed US equity routes.Source 2 |
| US shares below USD 1 | USD 25 per order.Source 2 |
| US fractional-share trading | USD 10 per order.Source 2 |
| US options | USD 1.65 per contract, with USD 4 minimum per order.Source 2 |
| Canadian shares | CAD 0.04 per share, with CAD 50 minimum.Source 2 |
At a glance10
European markets
| Topic | Details |
|---|---|
| United Kingdom | 0.25%, minimum GBP 20.Source 2 |
| Belgium, Denmark, Finland, Germany, France and Netherlands | 0.40%, minimum EUR 40.Source 2 |
| Italy, Spain and Portugal | 0.40%, minimum EUR 40.Source 2 |
| Norway | The schedule also prints 0.40% and EUR 40 minimum for Norway; it does not state NOK for that minimum.Source 2 |
| Switzerland | 0.40%, minimum CHF 50.Source 2 |
| Sweden | 0.40%, minimum SEK 500.Source 2 |
At a glance11
Gulf and Egyptian markets
| Topic | Details |
|---|---|
| Abu Dhabi and Dubai Financial Market | 0.40%, minimum AED 100.Source 2 |
| Nasdaq Dubai | 0.40%, minimum USD 40.Source 2 |
| Kuwait | 0.40%, minimum KWD 10.Source 2 |
| Qatar | 0.40%, minimum QAR 100.Source 2 |
| Muscat | 0.45%, minimum OMR 10.Source 2 |
| Bahrain | 0.45%, minimum BHD 10.Source 2 |
| Egypt | 0.45%, minimum EGP 100.Source 2 |
At a glance12
Asian markets
| Topic | Details |
|---|---|
| Hong Kong | 0.40%, minimum HKD 200.Source 2 |
| South Korea | 0.40%, minimum USD 7, as printed in the schedule.Source 2 |
| Indonesia | 0.40%, minimum IDR 450,000.Source 2 |
| Malaysia | 0.40%, minimum MYR 100.Source 2 |
| China | 0.40%, minimum CNY 100.Source 2 |
| Singapore | 0.40%, minimum SGD 25.Source 2 |
| Japan | 0.40%, minimum JPY 3,000.Source 2 |
| Thailand | 0.40%, minimum THB 750.Source 2 |
| Philippines | 0.55%, minimum PHP 1,000.Source 2 |
At a glance13
Australia and New Zealand
At a glance14
Worked brokerage examples
| Topic | Details |
|---|---|
| 100 US shares at USD 10 each | 100 × USD 0.014 = USD 1.40 brokerage; excludes other applicable charges.Source 2 |
| Three US option contracts | 3 × USD 1.65 = USD 4.95, above the USD 4 order minimum.Source 2 |
| GBP 1,000 UK share order | 0.25% gives GBP 2.50, so the GBP 20 minimum applies.Source 2 |
| SAR 10,000 Saudi share order | 0.155% gives SAR 15.50 before any additional applicable charges.Source 2 |
At a glance15
Promotional figures require separate terms
| Topic | Details |
|---|---|
| US headline offer | The brokerage page advertises USD 0.007 per share in promotional material, distinct from the USD 0.014 standard tariff.Source 1Source 2 |
| Saudi discount | An advertised 80% discount does not establish which fee components qualify or the full discounted transaction cost.Source 1 |
| Other promotions | The page advertises a Wamid-related introductory period and US intraday financing promotion. Eligibility, expiry and financing conditions must come from the offer terms.Source 1 |
| Comparison basis | Use the standard schedule unless an account-specific promotion is documented; the headline promotion alone is not a permanent universal tariff.Source 1Source 2 |
At a glance16
Sindbad annual management fees
| Topic | Details |
|---|---|
| SAR 100,000 to below SAR 1 million | 2% per year.Source 13Source 14 |
| SAR 1 million to below SAR 10 million | 1.5% per year.Source 13Source 14 |
| SAR 10 million or more | 1.25% per year.Source 13Source 14 |
| Calculation and collection | Accrued daily on invested capital and deducted quarterly, under the product terms.Source 13Source 14 |
At a glance17
Sindbad performance and exit charges
| Topic | Details |
|---|---|
| Performance fee | 20% of annual return above 10%, calculated and deducted annually; the early-redemption calculation follows the product’s stated method.Source 13Source 14 |
| Illustration | At a 14% return, the FAQ illustrates a fee of 20% × 4% = 0.8% of capital. This illustrates the fee formula, not a promised return.Source 13Source 14 |
| Initial lock-up | Redemption is not available during the first three months.Source 13Source 14 |
| After three months, within year one | A 1% fee applies to the net amount redeemed.Source 13Source 14 |
| After the first year | No redemption fee under the stated product terms.Source 13Source 14 |
Platforms and order handling
Sections ↑At a glance18
Brokerage platforms and tools
| Topic | Details |
|---|---|
| Alkhabeer Tadawul | Web/mobile brokerage access and a single-login proposition for the activated local and global services.Source 1 |
| TickerChart | The broker describes web, mobile and Windows access.Source 1 |
| Mubasher | Pro 12 for Windows/Mac and Pro 11 are listed among the platform options.Source 1 |
| Tabee | Analytics and scanner tools are advertised.Source 1 |
| Saudi market depth | Five- or twenty-level depth is advertised; a complete public subscription price list is not supplied on the reviewed service page.Source 1 |
At a glance19
Execution tools and their boundaries
| Topic | Details |
|---|---|
| Connectivity | The broker advertises Wamid colocation and low-latency execution; these are service claims, not independently measured latency figures.Source 1 |
| Institutional algorithms | The foreign-investor page describes VWAP and TWAP execution tools alongside direct market access. Their availability depends on the relevant institutional service.Source 4 |
At a glance20
Sindbad authority and daily operation
| Topic | Details |
|---|---|
| Who decides | The client delegates management; individual trades do not require the client’s approval.Source 14Source 13 |
| Model cycle | Market data feeds predictive and technical models; approved orders execute automatically through Alkhabeer’s brokerage.Source 15 |
| Manager review in the FAQ | The current product page and FAQ say the portfolio manager reviews every recommendation before execution and can stop an order.Source 12Source 14Source 13 |
| Position controls | The guide describes allocation, concentration and liquidity checks, together with event-driven exits.Source 15 |
| Investor interface | Subscriptions and cancellations use the Alkhabeer Tadawul website. The product page says there is no trade-by-trade notification service.Source 12 |
Funding, withdrawals and custody
Sections ↑At a glance21
Bank transfers and currency handling
| Topic | Details |
|---|---|
| Bank-account ownership | CMA rules require investment accounts to link to one or more bank accounts in the client’s name; outgoing payments normally go to those accounts, subject to the stated legal exceptions.Source 7 |
| Cash payments | The rules prohibit accepting or delivering physical cash for investment-account transactions.Source 7 |
| Internal conversion | Alkhabeer advertises immediate conversion from SAR into the relevant market currency within its service.Source 1 |
| Conversion cost | The service description does not provide a universal FX spread. An internal currency conversion is not a promise of immediate external withdrawal.Source 1Source 7 |
At a glance22
Sindbad funding and redemption mechanics
| Topic | Details |
|---|---|
| Separate managed portfolio | The portfolio is maintained in the client’s name under the management arrangement.Source 13Source 14 |
| Share contribution | Contributed shares are sold to implement the managed strategy.Source 12 |
| Post-year-one exit choices | The documents describe transfer of assets/cash to the main portfolio, full liquidation to cash or partial redemption while retaining the minimum capital.Source 13 |
| Processing period | The product terms describe implementation within 20 business days for the post-year-one redemption request. This is not an ordinary brokerage cash-withdrawal promise.Source 13 |
| Losses below the starting minimum | The product page says a portfolio falling below SAR 100,000 because of losses is not automatically cancelled.Source 12 |
At a glance23
Account closure and dormant balances
| Topic | Details |
|---|---|
| Requested closure | CMA rules require a documented request; attachment or financial obligations can prevent closure.Source 7 |
| Empty account | After one year with no balance or linked securities, an unrestricted account may be closed following 30 days’ notice.Source 7 |
| Long information-related freeze | After five years frozen without the required update, an account meeting the rule’s conditions may have its available balance returned to the client’s bank and be closed.Source 7 |
| Resident identity expiry | A foreign resident generally needs renewed residence identification or a final exit visa before closure, unless the CMA instructs otherwise.Source 7 |
Regulation and investor protection
Sections ↑At a glance24
Regulatory identity and scope
| Topic | Details |
|---|---|
| CMA directory | Alkhabeer appears with dealing, managing investments/operating funds, arranging, advising and custody activities.Source 5 |
| Licence | The company identifies CMA licence 07074-37, issued 4 July 2007, and commencement on 12 April 2008.Source 6 |
| Client money and assets | The account instructions require compliance with the client-money and client-asset provisions of the Capital Market Institutions Regulations.Source 7 |
| Investment loss | Authorisation and custody rules do not guarantee a security’s price, a strategy’s return or recovery of all losses.Source 7Source 13 |
At a glance25
Sindbad Sharia-screening limitation
| Topic | Details |
|---|---|
| Current technical limitation | The documents disclose that the algorithm cannot yet apply Sharia screening automatically.Source 13Source 14 |
| Exceptional approval | The described committee approval is exceptional while the screening capability is developed.Source 13Source 14 |
| Investor consequence | Non-compliant holdings may temporarily enter the portfolio; manual disposal and purification can create additional costs or losses.Source 13Source 14 |
| Oversight | Annual Sharia audit is described, but it does not eliminate the disclosed implementation risk.Source 15Source 13 |
At a glance26
Sindbad conflicts and technology risk
| Topic | Details |
|---|---|
| Ownership interest | Alkhabeer discloses an ownership interest in the technology provider Sindbad.Tech.Source 13 |
| Brokerage revenue | Trades are executed through Alkhabeer brokerage, creating a separate commercial interest disclosed in the product documentation.Source 13 |
| Data and infrastructure | The documents describe limited sharing with the technology provider and a licensed cloud platform in Saudi Arabia.Source 13Source 15 |
| Risk boundary | Model errors, market losses, execution and screening risks remain possible; the product has no guaranteed return.Source 13 |
Support and complaints
Sections ↑At a glance27
Support and complaint contacts
| Topic | Details |
|---|---|
| Customer service | 800 124 7555; [email protected].Source 9 |
| General enquiries | [email protected].Source 9 |
| Formal compliance complaint | The linked procedure gives [email protected] and +966 12 612 9370.Source 11 |
| Postal/head-office route | Al-Madinah Al-Munawarah Road, P.O. Box 128289, Jeddah 21362.Source 9Source 11 |
At a glance28
Published complaint-handling stages
| Topic | Details |
|---|---|
| Acknowledgement | Within three business days, including a reference and responsible officer.Source 11 |
| Response target | The procedure aims for a final response within ten business days.Source 11 |
| If delayed | Written reasons and an expected response date, with further updates at intervals no longer than four weeks.Source 11 |
| Escalation | The procedure includes escalation to the Capital Market Authority if the complaint remains unresolved.Source 11 |
Research and additional services
Sections ↑At a glance29
Research and supporting information
| Topic | Details |
|---|---|
| Market research | The brokerage offering includes market analysis, charting and screening tools.Source 1 |
| IdealRatings service | Sharia-related screening and purification information are described, including quarterly reporting.Source 1 |
| Institutional execution support | The foreign service describes market connectivity, execution algorithms and institutional documentation.Source 4 |
| Product-specific limits | General brokerage research should not be confused with Sindbad’s discretionary mandate or its disclosed automatic-screening limitation.Source 1Source 13 |
At a glance30
Sindbad reports, tax responsibility and renewal
| Topic | Details |
|---|---|
| Reporting | The product page describes quarterly portfolio reports, rather than a notification for every trade.Source 12 |
| Zakat | The investor is responsible for zakat under the product documentation.Source 12Source 13 |
| Term | One year, with automatic renewal.Source 13 |
| Non-renewal | The terms require written notice at least 30 business days before the term ends.Source 13 |
| Partial redemption | The remaining portfolio must meet the minimum; the documented renewal provisions continue to matter.Source 13 |
Company and group structure
Sections ↑At a glance31
Corporate identity
| Topic | Details |
|---|---|
| Company form | Saudi closed joint-stock company.Source 6 |
| Commercial registration | 4030177445.Source 6 |
| Locations | Jeddah head office and a Riyadh branch are listed.Source 9 |
| Business mix | Brokerage and discretionary portfolios sit alongside the company’s wider asset-management and corporate-finance activities.Source 1Source 6Source 12 |
- Headquarters
- Saudi Arabia
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Alkhabeer Capital
No separate licence entry is recorded in this panel.
Practical considerations
Sections ↑At a glance32
Where the service fits
| Topic | Details |
|---|---|
| Multi-market investors | The published venue-specific tariff makes market coverage and minimum order costs easier to compare.Source 2 |
| Small international orders | Fixed minimum commissions can dominate the cost of a modest order, especially outside the US whole-share route.Source 2 |
| Investors considering automation | Sindbad provides delegated portfolio management with substantial minimum capital, fees and exit restrictions; it is not simply an AI research feature in a self-directed account.Source 13Source 14 |
| Non-resident foreign applicants | The waitlist language is a material availability limit even after the Saudi regulatory opening.Source 4Source 8 |
The key decision is which service and contract the client will use. Standard brokerage requires the applicable market tariff, custody and FX terms; financing needs its own approved limits and costs; Sindbad requires acceptance of delegated trading authority, high investment risk, redemption restrictions and the disclosed screening limitation.[1][2][13][14]
Sources & further reading
- Brokerage markets, platforms, research and financing Alkhabeer Capital · Accessed 27 Oct 2026
- Published brokerage commission schedule Alkhabeer Capital · Accessed 29 Oct 2026
- Local account opening and foreign registration routes Alkhabeer Capital · Accessed 27 Oct 2026
- Foreign-investor registration of interest and institutional services Alkhabeer Capital · Accessed 27 Oct 2026
- CMA authorised institutions directory: Alkhabeer Capital Capital Market Authority · Accessed 27 Oct 2026
- Corporate registration, licence and commencement information Alkhabeer Capital · Accessed 27 Oct 2026
- Investment Accounts Instructions amended 5 January 2026 Capital Market Authority · Accessed 27 Oct 2026
- Foreign access to the Main Market from 1 February 2026 Capital Market Authority · Accessed 29 Oct 2026
- Current head office and service contacts Alkhabeer Capital · Accessed 27 Oct 2026
- Complaint route and linked procedure Alkhabeer Capital · Accessed 27 Oct 2026
- Currently linked complaints-handling procedure Alkhabeer Capital · Accessed 27 Oct 2026
- Alkhabeer Sindbad product and subscription route Alkhabeer Capital · Accessed 29 Oct 2026
- June 2026 Sindbad product terms and discretionary-management annex Alkhabeer Capital · Accessed 29 Oct 2026
- Sindbad bilingual FAQ: fees, exits, authority and screening Alkhabeer Capital · Accessed 29 Oct 2026
- Sindbad daily workflow and oversight framework Alkhabeer Capital · Accessed 27 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.