[Last updated: 1 January 2024, unless otherwise noted]

A company undertaking an IPO must pay fees to the CMA for the registration of the securities. The fees payable to the CMA for listing on the Main Market are:

• SAR30,000 (approximately US$8,001) upon submitting an application for registration of the securities.
• SAR10,000 (approximately US$2,667) for reviewing the IPO application.
• 025% of the value of the shares to be registered, up to a maximum of SAR225,000 (approximately US$60,008).

Once a company has listed it must also pay annual fees to Tadawul. These fees are split into fixed fees, which depend on the services that Tadawul provides a company, and variable fees, which depend upon the number of shares of a listed company.

Additional costs include financial advisor fees, legal counsel fees, accountant's fees, underwriting fees as well as printing expenses.