Al Rajhi Bank has set a special commission rate for selling shares through trading within the bank’s electronic wallets, which is as follows:
محفظة الرياض المالية
Commission for selling shares in Al Rajhi = stock selling tax + stock selling fees.
Stock selling fee = stock value multiplied by 0.00155.
Stock sale tax = (stock sale fee * 15) / 100.
For example: If a client sells shares in Al Rajhi for 2,000 Saudi riyals, the commission for selling the shares is calculated as follows:
Value of stock selling fees = 2000/0.00155 = 1.29 Saudi riyals.
Stock sale tax = 1.29 * 0.15 = 0.1935 Saudi riyals.
So the fee for selling shares in Al Rajhi with a value of 2000 Saudi riyals is 0.1935 + 1.29 = 1.48 Saudi riyals.