Riyadh – Sharikat Mubasher: In a move to attract domestic investors, Sahm Capital which owns the Sahm platform, the fast-growing online brokerage platform, has announced a limited-time 70% off commission fee for trading Saudi stocks with SAR 3 cap per trade.

This offer is available for all eligible traders from August 1st to August 31st, 2024, according to the company’s press release.

This initiative comes in line with a report released by Statista stating that the digital investment market in Saudi Arabia is expected to reach a market volume of $4,697 million by the end of 2024.

The total transaction value is expected to show an annual growth rate of 6.11% resulting in a projected total amount of $5,954 million by 2028.

The initiative, part of Sahm's corporate strategy to provide value to its users, aims to enhance the investing experience for Saudi retail investors seeking to access the local stock market.

Commenting on this, Hadeel Bedeeri, general manager of Sahm Capital said: "We've observed a growing demand from Saudi investors to participate in the local market. This commission discount is our way of empowering these investors and making it more affordable for them to build their portfolios."

Beyond the attractive pricing, Sahm App offers a comprehensive suite of investment products, including stocks, ETFs, REITs, and more, allowing investors to diversify and execute their strategies.

Recognizing the importance of investor education, Sahm has also invested in several initiatives to enhance financial literacy. The app features an educational video library covering topics from beginner guidance to technical analysis, as well as an AI-powered daily news broadcaster, Aliyah, who interacts with users in both Arabic and English.