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      Become a member

      Organizations obtain access to Muqassa’s clearing markets by entering into a membership agreement for clearing. 

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      Membership requirements

      To be eligible for membership at Muqassa, firms must meet certain net capital and other requirements.

      How To Submit Your Application

      • Submit a complete membership application form.
      • Submit an electronic copy of the Commercial Registration issued by Ministry of Commerce and Investment.
      • Submit a copy of the license issued by the CMA (for Authorized Personal) or SAMA (for Banks).
      • Submit capital depository certificate and supporting legal documentation.
      • Provide details on the firm’s board of directors.
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      Approval Process

      Muqassa reviews the request and may ask for more details. Following a satisfactory preliminary review, Muqassa will grant “Approval in Principle”. 

      Once the approval in principle is granted, Muqassa will conduct more in-depth checks including infrastructure tests to ensure system compatibility and confirmation of all documentation required. If approved, Muqassa will grant formal admission as a Muqassa member and work with them to finalize infrastructure requirements and establish operations in preparation for business.

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      Membership Fees

      Initial Membership SAR 60,000 payable once.
      Annual Membership SAR 30,000 payable annually for continuing clearing membership.
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      start the process today

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