DIFC Visual

Nasdaq Dubai Fees

Overview of Fees for All Nasdaq Dubai Services & Products

1. Membership Fees

Application processing feeUSD5,000
Annual feeUSD10,000

2. Trading Member Connectivity Fees

Nasdaq Dubai will recover from the Member the cost of the equipment, installation and maintenance relating to their connection.

2.1 Trader Workstation User Fees

Fee componentsFees per month
First connection (compulsory)USD1,000
Subsequent connection (optional)USD500
  • It is mandatory for Members to have at least one matching engine workstation be available as a backup connectivity should the Member face any difficulty connecting via another trading platform.
  • Any subsequent connection will be charged according to the schedule above.
Note: Not applicable for Dubai Financial Market participants already using Trader Workstation

2.2 International Connectivity Fees

Fee componentsFees per month
For each Member/vendor* USD1,100
  • This fee applies for Members using Nasdaq Dubai's London infrastructure to connect to the trading platform via the London Distribution Gateway.

2.3 Equator Workstation User Fees

Fee componentsFees per annum
* Up to six usersUSD6,800
* Each additional userUSD275
  • This fee is charged only to Members and Custodians requiring CSD system (Equator) access
  • * Not applicable for Dubai Financial Market participants already using Equator system

3. On-Exchange Trading, Clearing and Settlement Fees

3.1 Equities, Close Ended Funds, Structured Products, ETFs and ETCs

Equities (USD)

Fee componentsFees
Trading0.05% on executed order value + USD3 per executed order
Clearing/CSD/Settlement0.05% on executed order value
Buy-In trades (levied on clearing Member):
Buy-In Bids
No fees
Buy-In Offers
Market fees: 0.05% on executed order value + USD3 per executed order
CSD fees: 0.05% on executed order value
  • Trade related fees will be paid in USD only.
  • If the order was partially executed in a trading day, then fees are charged on executed value of that trading day.

Equities (AED)

Fee componentsFees
Trading0.05% on executed order value + AED 10 per executed order
Clearing/CSD/Settlement0.05% on executed order value
Buy-In trades (levied on clearing Member):
Buy-In Bids
No fees
Buy-In Offers
Market fees: 0.05% on executed order value + AED 10 per executed order
CSD fees: 0.05% on executed order value
  • Trade related fees will be paid in AED only.
  • If the order was partially executed in a trading day, then fees are charged on executed value of that trading day.

3.2 Derivatives

A. Trading and clearing fees for trades executed on Nasdaq Dubai futures market

Fee componentsFees
UAE Single Stock Futures 5 basis points - Trading and Clearing fee applicable on execution and;
5 basis points - Contract Expiry Fee for positions not closed by Member
Saudi Single Stock Futures 5 basis points - Trading and Clearing fee applicable on execution and;
5 basis points - Contract Expiry Fee for positions not closed by Member
Please refer to Table B outlining Incentive Scheme for Saudi Single Stock Futures
Index Futures 1 basis point - Trading and Clearing Fee applicable and;
1 basis point - Contract Expiry Fee for positions not closed by Member
  • Fee calculation is based on "Contract Value".
  • Contract Value = future price x No. of contracts x contract multiplier
  • Incentive Scheme for Saudi Single Stock Futures (Table B) is subject to change after 31st December 2019

B. Incentive Scheme for Saudi Single Stock Futures

Price Maker's Trade Value (SAR) in a calendar monthFees rebate (applies to all Price Makers)
Below 10 MillionPrice maker (Note 1): Trading and Clearing fee of 5 basis points is rebated
10 million and above
  • Price maker (Note 1): Trading and Clearing fee of 5 basis points is rebated
  • For Members that are Price Makers for Trade Value above 10 million SAR in a calendar month, 100% rebate will apply on fees applicable to open Positions NOT closed by member, on expiry date (contract expiry fees).

Notes:

  1. In an executed trade, price makers are Members whose orders are entered 1st in an executed trade.
  2. In an executed trade, price takers are Members whose orders are entered 2nd in an executed trade and lift quotes from the price makers.
  3. Order timestamp on the executed trade will be used to decide if the order was a price maker order or price taker order.
  4. Fees rebates will be calculated and communicated to the Member on a monthly basis and within (7) business days of the following month.
  5. Any query regarding the calculation must be raised with Nasdaq Dubai within (3) business days.
  6. Nasdaq Dubai will proceed with crediting the waived fees rebates to the Member's account after the Member issues a Tax Invoice to Nasdaq Dubai for the rebate amount.
  7. Nasdaq Dubai will have the final decision in calculation and interpretation of the fees rebates.

C. Options

Fee componentsFees
Single Stock OptionsUSD0.05 per contract for trading & clearing; USD0.05 for exercise
Stock Index OptionsUSD0.03 per contract for trading & clearing; USD0.03 for exercise

3.3 Debt Securities Traded on Nasdaq Dubai and Settled Through Euroclear Bank

A. Trading fees for trades executed on Nasdaq Dubai Debt Securities trading platform

Trading MembersTrading Fees
Price makers (refer to note 1)No fees: Refer to point B on Cash Incentive Scheme
Price takers (refer to note 2)2 basis points on trade value (refer to note 4 for calculation of trade value)

B. Cash incentive scheme for Debt Securities trading platform

Trade Value (USD) in a Calendar monthCash Incentive provided to price makers
Up to and including 10 million Trading fees: No fees will be charged on execution
Cash incentive: Nil
Above 10 million and up to and including 50 million Trading fees: Nil
Cash incentive: 0.25 basis point on value traded in a month (for trade value above USD 10 million)
Above 50 million Trading fees: Nil
0.50 basis point on value traded in a month (for trade value above USD 50 million)

Notes:

  1. In an executed trade, price makers are Trading Members whose orders are entered 1st in an executed trade to provide quotes on the trading platform.
  2. In an executed trade, price takers are Trading Members whose orders are entered 2nd in an executed trade to execute and lift quotes from the trading platform.
  3. Order timestamp on the executed trade will be used to decide if the order was a price maker order or price taker order.
  4. Trade Value = Trade price x nominal value x number of securities
  5. Trading fees and cash incentives will be calculated on monthly basis and relevant debit/credit will be made in the Member's account within 7 business days of the following month.
  6. Any query regarding calculation must be raised to Nasdaq Dubai within 3 business days of crediting/debiting the cash to the Members account.
  7. Nasdaq Dubai will have the final decision in the calculation and interpretation of this scheme

3.4 Retail Fixed Income Traded & settled in Nasdaq Dubai Fixed Income (USD/AED)

Fee componentsFees
Trading5 bps on Trade Value
Clearing/CSD/Settlement5 bps on Trade Value
Buy-In trades (levied on clearing Member):
Buy-In Bids
No fees
Buy-In Offers
Market fees:5 bps on Trade Value
CSD fees: 0.05% executed order value
  • Trade related fees will be paid in currency it has been traded.
  • If the order was partially executed in a trading day, then fees are charged on executed value of that trading day

4. Central Securities Depository (CSD) Fees

4.1 Custody Fees

Securities held for conversion depository receipts/interests

Fee componentsFees
Custody fees of securities held for facilitating conversions5 basis points (0.05%) per annum * the value held calculated daily/charged monthly

Fixed income bonds and Sukuk held in CSD

Fee componentsFees (basis points per annum)
Rates based on nominal value of debt holdings in CSD - in USD Millions
Less than USD1001.10
USD100 to USD1,0000.80
USD1,001 to USD5,0000.52
USD5,001 to USD10,0000.40
USD10,001 to USD50,0000.38
USD50,001 to USD100,0000.28
USD100,001 to USD150,0000.27
USD150,001 to USD250,0000.26
USD250,001 to USD500,0000.22
Above USD500,0000.19

Fixed Income Securities issued in International CSD (i.e. Euroclear Bank SA/NV and Clearstream Banking SA, Luxembourg) and held in Nasdaq Dubai CSD

Fee componentsFees
Custody fees for securities from International CSD held in Nasdaq Dubai CSD via CSD links1.5 basis points per annum (0.015%) of the value held calculated daily/charged monthly

Equity and structured products

Fee componentsFees
* Annual custody fees that include custodian membership and daily electronic reports0.25 basis point per annum (0.0025%) of average market value of products held by custodian; Min. of USD10,000
* Annual custody fees for custodians (without settlement agent) holding omnibus account in their name0.25 basis point per annum (0.0025%) of average market value of products held by custodian; Min. of USD2,500
  • * These fees will be charged in the month of January based on the average market value of assets held in the previous financial year.

4.2 Securities Transfer Fees

All transfer fees are charged to transferee unless otherwise specified below:

Fee componentsFees
Between two investors
Family transfer (marital partner, parent, child, sisters, brothers or grandparent), charged to the transferee only0.20% of market value of shares
Min. of USD7
Inheritance or judicial transfer of securities (charged to the transferee only)0.20% of the market value of shares
Min. of USD7
Transfer of securities from sole proprietorship (or institution) to individual account and vice versa0.20% of the market value of shares
Min. of USD7- per transferred security
Transfer of securities from founder to another founder of the same listed company (registry shareholder)0.40% of the market value securities held from both transferor and transferee;
Min. of USD14
Transfer of securities ownership from investor to another due to pre-regulated market securities assignments0.5% of the market value of shares
Min. of USD82
Transfer from company to one of partners' individual accounts and vice versa, OR
Transfer from company to another company (same owners), OR
Transfer from sole proprietorship to company and vice versa (common party in both accounts), OR
Transfer from joint account to one of partners' individual accounts or vice versa, OR
Transfer from joint account to another (common partner in both accounts)
0.20% of the market value of shares
Min. of USD7
Custodian’s/Members request for security transfer
Transfers due to migration to NIN structure (Nasdaq Dubai and DFM consolidation) Fees are waived until further notice
Approved transfers where this no change in beneficial ownership from one custodian to another, OR
Between two client omnibus accounts held through a custodian, OR
From investor accounts into client omnibus account held by custodian, OR
From client omnibus account held by custodian to an investor account
USD82 - per security symbol charged to transferee party
Approved transfers without change in beneficial ownership where there is a change in the Global and local custodianUSD164 - per security symbol charged to transferee party
Approved transfers related to Cross border linksUSD10 per transfer instruction charged to instructing Custodian/Member
Approved transfers to facilitate stock lending and borrowing (For market making purposes)USD82 per transfer request
Approved transfers to facilitate stock lending and borrowing (for any other purposes including Repo, Sell & Buy Back, etc..)0.20% of market value of share Min. of USD28
Release of transfer to facilitate stock lending and borrowingUSD28 - per transfer
Brokerage/Member merger
Merger of Member participantsUSD27,250 from one party
Transfer to facilitate GDR/DI/ORDS conversions
Transferring securities from or to CSD 0.01% of the value subject to a Min. of USD100
Transfer of Debt securities within CSD or between ICSD and CSD
Transferring securities within CSD or between ICSD and CSD involving change in beneficial ownership 0.01% per each side of the transaction, calculated based on a multiple of the face value of the security being transferred
Transfer of Islamic Securities related to Murabaha transactions involving a change in beneficial ownership
Transfers related to retail transactions
Monthly value of transactions (USD million)*
Fees per transactions (bps on face value of transaction)
0 to 20020 bps
above 200 up to 400
18 bps (i.e. 2 bps fees rebate on value above USD 200 million)
above 400
17 bps (i.e. 3 bps fees rebate on value above USD 400 million)
Transfers related to corporate transactions
(includes all non-retail and credit card related transactions)
$2.5 per value of $1 million (or part thereof)
Notes:
  • Any other approved transfer not covered in this price schedule will be charged 0.20% of the market value of shares, min of USD7
  • These fees are applied only on transfers for Islamic Certificate transfers in the Nasdaq Dubai CSD.
  • Transaction value is the value of securities that are being transferred for the entire financing deal i.e. all Nasdaq Dubai CSD transfers between parties involved in a financing deal.
  • Nasdaq Dubai will issue fee invoices on a weekly basis which shall be payable within three (3) business days. Nasdaq Dubai will provide fees rebate at the end of each month if the monthly value of the transaction falls within the rebate scheme.

4.3 Securities Pledge Fees - Bank Mortgage (Pledge)

Fee componentsFees
For an individual investor
Pledge creation (fees on basis of value of assets pledged) Equity: 0.20% of market value, Min. of USD28
Fixed income debts and Sukuk: 0.02% of nominal value, Min. of USD28
Transfer of pledged securities to a broker for selling purposeUSD28 - per transfer
Release of a pledgeUSD28 - per transfer
Preparation of pledge reports (hard copies)USD55 for first 20 pages; USD5.5 for every additional page with a Max. of USD4,100
Preparation of pledge reports (soft copies)USD0.14 per listed investor, Min. of USD55 and Max. of USD800

4.4 Deal Correction Fees

Fee componentsFees
NIN Correction of deal after settlement *0.10% of trade value, Min. of USD30 per order
  • * This is specific to correction of trades executed erroneously per published procedures

4.5 Receipt Into/Delivery Out of CSD (Mark-Up/Mark-Down)

Fee componentsFees
Receipt into/delivery out of CSD instruction for securities admitted through third party linksUSD15 - per security symbol

4.6 Third Party Fees

For dual listed securities and depository receipts held by the Nasdaq Dubai CSD, fees levied by third party depository or any other body will be charged on actual basis.

4.7 Registry Fees

Fee componentsFees
* Initial Fee (Charged to issuers per ISIN registered)USD10,000
Annual feeUSD10,000 to USD35,000 (Refer to Note 1 below)
  • * Charged to issuers per ISIN registered
  • Note 1: Charged annually to issuers based on total number of records of legal shareholders per issuer
No. of ShareholdersAnnual fee
Upto 5,000USD10,000
5,001-10,000USD18,000
10,001 to 50,000USD28,000
Over 50,000USD35,000

5. Reports

Fee componentsFees
Custodians / Members
Electronic reports to custodians upon requestUSD0.14 per each data row; Min. USD55 and Max. USD800
File Transfer Protocol (FTP) report charge for Nasdaq Dubai standard reports*Upto 5 users: No fees
Additonal users: USD100 per user per annum
Members
Preparing and printing reports upon requestUSD55 first 20 pages and USD5.50 for every additional page, Max. USD4,100
Generation of a daily trading report upon requestUSD550 per annum
Others
Reports upon request - ElectronicUSD0.14 per each data row; Min. USD109 and Max. USD4,100
Reports upon request - Hard copyUSD109 for first 20 pages and USD5.50 per extra page; Max USD4,100
Reports saved on CDUSD28 per CD
  • * Effective 1 January, 2017

6. SWIFT Fees - Per Outgoing Message

Fee componentsFees
Domestic messageUSD0.15
International messageUSD0.35
SWIFTnet Fileact real-time message
per file: File size smaller than 5,000 charactersUSD1
File size between 5,000 to 100,000 charactersUSD4
File size more than 100,000 charactersUSD20
Notification and other feesUSD1

7. Market Data Distribution Fees

For more information please contact market.data@nasdaqdubai.com.


8. Investor Service Fees

Fee componentsFees
Issue letters to investors
Proof of securities ownershipUSD28 per letter
Letter to whom it may concernUSD28 per letter
Audit confirmation letterUSD28 per letter
Issue securities balance statement to investor
Securities balance statement - printedUSD2.73 for first 10 pages and USD1.37 for each extra page
Securities balance statement - CDUSD27.25 per CD
Securities balance statement - emailUSD2.73 per statement

9. Other Services

Fee componentsFees
Letters issued to official parties
Issued to legal/accountants and expertsUSD28 per letter
Letters issued to brokers
Preparing letters to brokers upon requestUSD15
Power of attorney issuance
Issued by DFM/Nasdaq Dubai marketUSD28 per document

10. Corporate Action - Cash Payment

Fee componentsFees
Cash payment charges per single corporate action for bank transfer
Payment within UAE (custodians)USD80 - per security symbol
Payment outside UAE (custodians)USD140 - per security symbol
Payment made directly to InvestorsRefer Note below
  • Note: Bank and foreign exchange charges on all bank transfers to be borne by the investor

11. Issuer Fees

11.1 Admission to Trading and Annual Fees

Security typeApplicationInitial admissionAnnual
Equities
Primary/IPOUSD5,000Refer to Notes 1 belowUSD20,000 - USD50,000
Secondary/ capital raisingUSD5,000Refer to Notes 1 belowUSD20,000 - USD50,000
Secondary/ non-capital raisingUSD2,500USD50,000USD20,000 - USD50,000
Debt products *
Single issuanceUSD4,500Initial admission USD2,500 / Annual USD2,500
Program trancheUSD4,500Initial admission USD2,000 / Annual USD2,000 (for each issue under program)
Close ended funds, ETFs & ETCs
PrimaryUSD5,000USD5,000/fund, capped at USD30,000/dayRefer to Notes 2 below
SecondaryUSD2,500USD5,000/fund, capped at USD30,000/dayRefer to Notes 2 below
Structured products
Single issuanceUSD2,500No feesUSD10,000
Programme approvalUSD5,000N/AN/A
Single security under programmeUSD2,500No feesUSD10,000
Programme renewal/updates/ filing of supplementary documentsUSD2,500N/AN/A
  • * Prices apply to listings that took place after June 1, 2012.
  • Notes 1: Equity issuer fees are variable and will be calculated based on total securities admitted (TSA).
  • Notes 2: Annual issuer fees for close ended funds/ETFs/ETCs are variable and will be calculated based on total securities admitted (TSA).

Total securities admitted - Equities

Total securities admittedInitial admission feeAnnual issuer fee
Upto 100 millionUSD70,000USD20,000
101 million to 250 millionUSD100,000USD30,000
251 million to 500 millionUSD150,000USD40,000
Above 500 millionUSD250,000USD50,000

Further issuances of admitted securities will be charged according to the initial admission fee scale with a 75% discount.

Total securities admitted - Funds

Total securities admittedAnnual issuer fee
Upto 100 millionUSD5,000
101 million to 500 millionUSD10,000
501 million to 1,000 millionUSD20,000
Above 1,000 millionUSD50,000
  • For the purpose of determining the total number of fund securities admitted to trading, fund sponsors may aggregate securities admitted for all funds within the same fund family.
  • For open-ended funds, ETFs and ETCs, the total securities admitted means the total securities in issuance.
  • Annual fees are based on total securities admitted in issuance as of December 31st of the preceding year.

Rebate for structured products - annual issuer fee rebate based on trading activity

The annual issuer fee is charged at the time of admission and at the beginning of each calendar year thereafter. There is a potential for a refund of up to 150% of the annual issuer fee based on the annual trading threshold in the admitted structured product as per the table below:

Annual traded value (USD)Annual issuer feesRefund amount% Refund
Up to 5 millionUSD10,000No Fees0%
Above 5 million to 10 millionUSD10,000USD2,50025%
Above 10 million to 15 millionUSD10,000USD5,00050%
Above 15 million to 20 millionUSD10,000USD7,50075%
Above 20 million to 25 millionUSD10,000USD10,000100%
Above 25 million to 30 millionUSD10,000USD12,500125%
Above 30 millionUSD10,000USD15,000150%

11.2 Central Securities Depository Fees (CSD)

Corporate actions fees

Fee componentsFees
Equities, close ended funds, structured products, ETFs, & ETCs
Capital increase/ reduction, bonus shares issue, etc. administrative fees may be calculated when necessary USD7.00 per investor in register; Min. USD7,000 per action; Max. USD136,000 per action
Send statements of account to shareholdersUSD2.75 per investor in the register
Sending SMS messages to Local shareholdersUSD0.029 per message/min fees USD1,370
Sending SMS messages to International shareholdersUSD0.22 per message/min fees USD1,370
Disbursement of cash benefitsUSD2.75 per records; Min.USD1,500 and Max.USD140,000
Security corporate action fees for secondary/dual listed companiesUSD7 per investor in register; Min.USD1,000 and Max.USD140,000 per action
Cash corporate action processing fees for secondary/dual listed companiesUSD2.75 per record; Min. USD1,350 and Max. USD140,000
Cash benefit/dividend maintenance for unlisted companies
Nasdaq Dubai will have an agreement with the unlisted company to maintain unclaimed cash benefit/dividend records and will continue to pay the unclaimed benefits to the eligible shareholders. Following charges will be applicable to the company on an annual basis.
Capital increase/ reduction, bonus shares issue, etc. administrative fees may be calculated when necessary USD7.00 per investor in register; Min. USD7,000 per action; Max. USD136,000 per action

Fee will be charged in advance in January every year for the remaining accounts as at 31 December of the previous year.

Fee componentsFees
Corporate Action Fee for Retail Sukuk
Disbursement of Cash Benefits USD 2.75 per record
Minimum: USD 1,500
Maximum: USD140,000
Account transfer fees
Transfer from company to a Board Member, OR Transfer between a company Board Members, OR Transfer from company's account to employees, OR Any registry transfer 0.004 of the market value, Min. USD14
Freezing securities in investor's account with a broker/ CSD based on the official requestUSD28
CSD transfers for unlisted companies
Change in beneficial ownership transfer0.20% of the par or NAV value of shares, whichever is higher, Min of USUSD 82
No change in beneficial ownership transferUSUSD 82 per transfer
System access and reports
Electronic preparation of reports upon requestUSD0.14 per investor in register; Min. USD80 and Max. USD2,750
Preparing and printing reports upon requestUSD55 first 20 pages, USD5.50 per additional page; Max. USD4,100
Preparing and printing share bookUSD55 first 20 pages, USD5.50 per additional page; Max. USD5,500
Electronic preparation share book upon requestUSD0.275 per investor in register; Min. USD275 and Max. USD4,100
Printing letters of the annual general meeting for listed securities (company provides letter head paper)USD0.55 per registered shareholder; Min.USD275 and Max.USD5,550
Printing labels of shareholders' addressesUSD0.273 per registered shareholder; Min.USD135 and Max.USD2,750
Electronic storage of shareholders' addressesUSD0.14 per registered shareholder; Min. USD82 and Max. USD1,400
Preparing a daily trading report upon requestUSD550 per annum
Annual subscription in electronic report: DailyUSD11,000
Annual subscription in electronic report: WeeklyUSD4,100
Annual subscription in electronic report: MonthlyUSD800
Miscellaneous issuer fees
Change of a name or trading symbol of listed company (charged to Issuer)USD2,750
Merger of companiesUSD41,000

11.3 Issuance of Identification Number for Securities Issued in the DIFC

Fee componentsFees
Request for identification number (ISIN)USD100 per identification number
Note: From 1 January 2018, all Nasdaq Dubai invoices will include the VAT amount of 5% added to them.

For any queries related to our fees, please contact Nasdaq Dubai Business Development team:
Tel: +971 4 305 5455 / Email: business@nasdaqdubai.com

© 2021 Nasdaq Dubai Ltd., Level 8, The Exchange (GV 11), Dubai International Financial Centre, Dubai, UAE

The information in this document is subject to change and Nasdaq Dubai Limited (Nasdaq Dubai) reserves its right to amend any information contained in this document at any time. This document is not a substitute for the relevant Nasdaq Dubai Business Rules and in the case of inconsistency, the Nasdaq Dubai Business Rules shall prevail. Unless otherwise provided, capitalised terms shall have definitions assigned to such terms in the Nasdaq Dubai Business Rules.