considered as How to sell shares in Al Rajhi One of the most popular methods among traders in the Saudi stock market because of its unique features, not to mention the low trading fees that Al-Rajhi Bank offers to its clients within the list of its distinguished banking services. In addition to the commission for selling shares in Al Rajhi in detail.
Conditions for selling shares in Al-Rajhi
Al-Rajhi Bank requires clients wishing to trade and sell shares in Al-Rajhi to fulfill the following points:
- The customer has a current account with Al-Rajhi Bank or any other bank in Saudi Arabia.
- The client opened an investment portfolio in Al-Rajhi Bank, which is considered as an account in which shares are kept to be traded and sold.
- Customer registration in Absher service in Saudi Arabia.
- The client owns shares for trading, buying and selling through the Al Rajhi Capital website or through the Al Rajhi application directly.
Steps to open an investment portfolio in Al Rajhi Bank
Al-Rajhi Bank requires customers to open an investment portfolio in Al-Rajhi Bank to start selling shares. Customers can open an investment portfolio in Al-Rajhi Bank by following the following steps:
- Open the Al Rajhi Capital application on the mobile phone or enter the official website of Al Rajhi Capital Bank.from here”.
- Open the Al-Rajhi application to extract the customer number from the main interface, as shown in the figure below.
- Go to Al Rajhi Capital application and click on the menu as shown in the figure below.
- Click on New User Registration to open an investment portfolio in Al Rajhi, as shown in the figure below.
- Fill in the customer data, which includes the following information:
- The customer’s national identification number.
- The customer number previously extracted from the Al-Rajhi application.
- Determine the wallet number to be opened in Al Rajhi Bank, as shown in the figure below.
- Click on Next.
- Fill in the username and password for the stock portfolio in the portfolio.
- password confirmation.
- Enter the customer’s mobile number.
- Enter email.
- Determine the type of trading portfolio for an individual.
- Click on Next as shown in the figure below.
- Choose the wallet language.
- Determine the package of products for trading.
- Agree to the terms and conditions as shown in the figure below.
- Click on Next
- The customer sends a verification code from Al Rajhi Bank to the mobile number registered in the wallet account.
- Enter the verification code and start trading and selling shares in Al Rajhi.
Subscribing to Al-Rajhi shares
Customers can subscribe to Al-Rajhi shares and obtain direct prices within the stock trading market from the Al-Rajhi trading platform by following the following steps:
- Log in to the official Al Rajhi Tadawul website via the Internet.from here.”
- Log in to the customer’s account at Al Rajhi Capital with the username and password as shown in the figure below.
- Click on the My Services option from the main customer account services list, as shown in the figure below.
- The customer can upgrade the current subscription to Al Rajhi shares through the following two options:
- Online trading with net plus live quotes with market depth 10*10.
- Internet trading with a direct quote, Net Plus, with a market depth of 20 * 20, as shown in the following figure.
- Al-Rajhi subscription varies according to market depth offers. The difference between market depth 10*10 and market depth 20*20 lies in the number of purchase orders and offers available to the customer.
- The customer is provided with about 10 purchase orders and 10 offers if he subscribes to the 10 * 10 Depth of Market feature, as shown in the figure below.
- It is recommended to choose the Market Depth feature 20 * 20 to increase trading opportunities, then click on Next.
- The customer receives a temporary code on the mobile number, then press Confirm.
- The registration process is completed successfully.
How to sell shares in Al Rajhi
Al Rajhi Bank allowed customers to sell shares through electronic wallets by following one of the following methods:
- Selling IPO shares in Al-Rajhi.
- Selling shares in Al Rajhi Capital.
- Selling shares in Al Rajhi by phone.
Each of the aforementioned methods of selling shares will be explained in detail below.
How to sell IPO shares in Al-Rajhi
Customers of Al Rajhi Bank can sell subscription shares in Al Rajhi by following the following steps:
- Download the Al-Rajhi application on Android phones.from here.”
- Download the Al-Rajhi Trading application on iPhones running the iOS system.from here.”
- Open the Al-Rajhi application on the mobile phone.
- Log in to the client’s account with the username and password as shown in the figure below.
- Enter the secret code sent from Al Rajhi Bank to the customer’s mobile phone registered in the Absher platform.
- Click on three bars in the customer’s account, as shown in the figure below.
- Clicking on the investment option from the list of main client account options, as shown in the figure below.
- Click on Public Offering Services, as shown in the figure below.
- Click on Sell IPO Shares as shown in the figure below.
- Choose the name of the company to sell the subscription shares.
- Activate the option to accept company details to show the market price of shares.
- Click on Next.
- The summary of the order appears once the sale has been executed and includes each of the following data:
- wallet number.
- The number of shares as in the figure below.
- Click on Execute Sell Order.
- The value of the sold name is transferred within a maximum period of 48 hours from the moment of sale to the client’s investment portfolio.
How to sell shares in Al Rajhi Capital
Al Rajhi Bank customers are allowed to execute orders to buy and sell shares in Al Rajhi Capital by following the following steps:
- Download the Al-Rajhi trading application on Android phones.from here.”
- Download the Al-Rajhi Trading application on iPhones running the iOS system.from here.”
- Open the Al-Rajhi trading application on the mobile phone.
- Log in with the username and password to the customer’s account in Al Rajhi Capital.
- Activate obtaining updated prices from the trading market for shares for the client’s account, as shown in the figure below.
- Enter the account activation code sent by Al Rajhi Bank to the customer’s mobile number registered in Absher.
- To execute an order to sell shares, we click on a trading order at the top and right of the client’s Al Rajhi Capital account, as shown in the figure below.
- Click on a sell order as shown in the figure below.
- Determine the share to be sold in the stock market and which is in the client’s investment portfolio.
- Determine the selling price of the shares and the quantity of shares to be sold in the trading market.
- Leave the declared quantity field blank.
- Determine the type of sale order at the prevailing market price or at a price specified by the customer, as shown in the figure below.
- Click on the Sell Shares button when you have finished entering data on the Share Sale Orders screen within Al Rajhi Capital.
How to sell shares in Al Rajhi by phone
Customers are allowed to sell shares in Al-Rajhi through the Al-Rajhi Bank phone banking, by following the following steps:
- Call the following unified banking phone number for Al Rajhi Bank:
- Press number 1 to choose the Arabic language.
- Enter the customer account PIN.
- Press number 1 to make money transfers.
- Press number 2 to pay bills.
- Press number 4 to go to the beneficiaries’ service.
- Choose number 2 to activate the beneficiaries’ service.
- Press the number 1 to activate the beneficiary of the service in Al-Rajhi Bank, or press the number 2 to activate the service of selling shares in a local bank other than Al-Rajhi Bank.
- Listen to the voice message from Al-Rajhi Bank phone, which contains the customer’s account number and the name of the bank.
- Choose the account to be traded through to activate the sale and purchase of shares in it.
- Enter the passcode sent by the bank to activate the feature of buying and selling shares on the previous account number.
How to sell Aramco shares via mobile phone
Al-Rajhi Bank customers can sell the famous Aramco shares via mobile phone and through the Tadawul Al-Rajhi Capital application, by following the following steps:
- Open the Al Rajhi Capital mobile application.
- Log in to the client’s account with the username and password.
- Enter the temporary code sent to the customer’s mobile phone registered in Absher.
- Click on investment from the list of main options for the Al Rajhi Capital account, as shown in the figure below.
- Click on Subscriptions.
- Click on Sell IPO shares, as shown in the figure below.
- Aramco shares appear within the shares kept in the client’s investment portfolio.
- pressure on Aramco shares.
- View the popular selling price and determine the number of shares to be sold.
- Press to complete the sale.
- The value of the shares is transferred within 48 hours to the client’s portfolio from the moment the shares are sold.
Commission for the sale of shares in Al-Rajhi
Al-Rajhi Bank set the commission for selling shares through trading within its electronic portfolio as follows:
- Commission for selling shares in Al Rajhi = share sale fee + share sale tax.
- Fee for selling shares in Al Rajhi = stock value * 0.00155.
- Stock sale tax = (Share sale fee * 15) ÷ 100.
An example of the commission for selling shares in Al-Rajhi
In the event that the customer sold shares worth 2,000 Saudi riyals, the commission for selling shares in Al Rajhi can be calculated according to the following:
- The value of the selling fee = 2000 ÷ 0.00155 = 1.29 Saudi riyals.
- The tax on selling shares is 2000 Saudi riyals in Al-Rajhi = 1.29 * 0.15 = 0.1935 Saudi riyals.
- Thus, the share price…