Capital market institutions employ 5,252 by Q4-end; Saudization at 77%: CMA

Logo of Capital Market Authority (CMA)

The number of employees at capital market institutions rose by 152 quarter-on-quarter (QoQ) to 5,252 by the end of the fourth quarter of 2022, according to the latest data from the Capital Market Authority (CMA).

Meanwhile, the Saudization rate at these institutions reached 77% by the end of Q4, according to the Capital Market Institutions Report.

The table below shows the number of employees at capital market institutions since 2017:

Employees at Capital Market Institutions since 2017*
Period	Number of employees	Saudization
Q1 2017	4420	70%
Q2 2017	4351	70%
Q3 2017	4379	70%
Q4 2017	4342	71%
Q1 2018	4385	72%
Q2 2018	4332	72%
Q3 2018	4353	72%
Q4 2018	4325	73%
Q1 2019	4317	73%
Q2 2019	4240	73%
Q3 2019	4340	73%
Q4 2019	4348	73%
Q1 2020	4350	73%
Q2 2020	4371	73%
Q3 2020	4417	74%
Q4 2020	4395	75%
Q1 2021	4464	76%
Q2 2021	4491	76%
Q3 2021	4606	77%
Q4 2021	4773	77%
Q1 2022	4784	77%
Q2 2022	5109	77%
Q3 2022	5100	77%
Q4 2022	5252	77%

*Includes data of companies that were licensed at the time, but unlicensed later.

The number of capital market institutions reached nearly 142 by the end of Q4 2022. SNB Capital topped the list with 371 employees, with an 88% Saudization rate. Riyad Capital followed with 290 employees and an 89% Saudization rate.

Meanwhile, seven capital market institutions achieved 100% Saudization, as follows:

Number of Employees by end of Q4 2022
Company	Number of Employees	Saudization
Merak Capital	17	100%
Razeen Capital	7	100%
JOA Capital	5	100%
Sadu Capital	3	100
Sadeed Financial	4	100%
Rawasi Advanced Investment	4	100%
Jadara Investment	4	100%
Alinma Invest	162	94%
Manafa Capital	14	93%
Al Rajhi Capital	253	91%
London and The Middle East Capital	11	91%
Miyar Capital	18	89%
Riyad Capital	290	89%
Albilad Capital	175	89%
SNB Capital	371	88%
Sabeen Investment	8	88%
Mashoura Capital	7	86%
Tamra Capital	14	86%
Derayah Financial	197	86%
Portfolios Investment	7	86%
Alawwal Capital	192	85%
ANB Invest	160	85%
Saudi Fransi Capital	219	85%
Arch Capital	19	84%
The Family Office International Investment	37	84%
Alistithmar Capital	140	83%
DOM Capital	6	83%
Afaq Capital	11	82%
Alpha Capital	56	82%
GIB Capital	83	82%
Tharwat For Financial Securities	32	81%
AlJazira Capital	180	81%
Adeem Capital	16	81%
Alkhair Capital	97	81%
Asyaf Investment	25	80%
NEO Merchants Capital	5	80%
AlKhizanah Capital	5	80%
Yaqeen Capital	103	80%
Impact Capital	14	79%
Middle East Financial Investment	42	79%

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