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The Capital Market Authority's (CMA) data showed that the number of employees at licensed financial institutions reached 4,773 by the end of the fourth quarter of 2021, an increase of 167 employees quarter-on-quarter.
Meanwhile, the localization rate at these institutions reached 77% by the end of Q4 2021, according to the report of licensed persons issued recently.
|
Number of Employees at Licensed Financial 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% |
*Includes data of companies that were licensed then but were unlicensed later on.
The number of licensed financial institutions reached 115 by the end of Q4 2021. SNB Capital topped the list with 386 employees, and 90% Saudization rate. It was followed by HSBC Saudi Arabia Ltd with 380 employees, with 77% Saudization rate.
Meanwhile, Merak Capital, Tamra Capital, Razeen Capital, JOA Capital, Sadu Capital, Haykala Advisors and Rasana Capital achieved 100% Saudization.
|
Number of Employees by end of Q4 2021 |
||
|
Company |
Number of Employees |
Saudization |
|
Merak Capital |
12 |
100% |
|
Tamra Capital |
9 |
100% |
|
Razeen Capital |
6 |
100% |
|
JOA Capital |
4 |
100% |
|
Sadu Capital |
3 |
100% |
|
Haykala Advisors |
1 |
100% |
|
Rasana Capital |
1 |
100% |
|
Asyaf Investments |
23 |
96% |
|
Alinma Investment Company |
150 |
95% |
|
Miyar Capital |
15 |
93% |
|
Al Rajhi Capital |
223 |
91% |
|
SNB Capital |
386 |
90% |
|
Arch Capital |
17 |
88% |
|
Riyad Capital |
284 |
87% |
|
Albilad Investment |
149 |
87% |
|
Impact Capital |
15 |
87% |
|
ANB Invest |
141 |
85% |
|
Al Khair Capital |
113 |
85% |
|
Family Office International |
25 |
84% |
|
Derayah Capital |
168 |
83% |
|
Sabeen Investment |
6 |
83% |
|
Adeem Capital |
17 |
82% |
|
Saudi Fransi Capital |
236 |
82% |
|
Aljazira Capital |
175 |
82% |
|
Alistithmar Capital |
143 |
81% |
|
Buraq Capital |
5 |
80% |
|
Bayt Alnomow Capital Company |
5 |
80% |
|
Alpha Capital |
44 |
80% |
|
Yaqeen Capital |
96 |
79% |
|
J P. Morgan Kingdom of Saudi Arabia |
42 |
79% |
|
Mulkia Capital |
28 |
79% |
|
Credit Suisse Saudi Arabia |
28 |
79% |
|
Black Rock Saudi Arabia |
14 |
79% |
|
GIB Capital |
64 |
78% |
|
Rekaz |
18 |
78% |
|
Alawwal Invest |
56 |
77% |
|
HSBC Saudi Arabia |
380 |
77% |
|
Wasata Capital |
34 |
76% |
|
MEFIC Capital |
33 |
76% |
|
National Wealth Management |
41 |
76% |
|
SEDCO Capital |
94 |
76% |
|
Al Khabeer Capital |
89 |
75% |
|
Goldman Sachs Saudi Arabia |
24 |
75% |
|
Darfin Capital |
12 |
75% |
|
Ehata Capital |
8 |
75% |
|
Narmo Capital |
4 |
75% |
|
Tharawat |
23 |
74% |
|
Osool & Bakheet Investment |
52 |
73% |
|
Al-Nefaie Investment |
44 |
73% |
|
Natonal Bonds Co. |
11 |
73% |
|
Watheeq Financial Services |
11 |
73% |
|
Jadwa Investment Co. |
126 |
72% |
|
Citigroup Saudi Arabia |
25 |
72% |
|
NOMW Capital |
25 |
72% |
|
Northern Trust Saudi Arabia |
21 |
71% |
|
GIAMCO |
7 |
71% |
|
Sidra Capital |
7 |
71% |
|
Malaz Capital |
31 |
71% |
|
Dirham Capital |
17 |
71% |
|
Value Partners |
10 |
70% |
|
Isnad Capital |
10 |
70% |
|
Bait Al Mal Al Khaleeji |
13 |
69% |
|
FAB Investment Company |
13 |
69% |
|
Audi Capital |
29 |
69% |
|
Ashmore Investment Saudi Arabia |
22 |
68% |
|
Sidra Capital |
51 |
67% |
|
Musharaka Capital |
39 |
67% |
|
KASB Capital |
18 |
67% |
|
99Hlala Capital Co. |
12 |
67% |
|
Standard Chartered Capital Saudi Arabia |
9 |
67% |
|
BNY Mellon Saudi Financial Company |
9 |
67% |
|
Aldukheil Financial Group |
20 |
65% |
|
Emirates NBD Capital Saudi Arabia |
22 |
64% |
|
Deutsche Securities |
30 |
63% |
|
Arbah Capital |
48 |
63% |
|
Ithmar Saudi Arabia |
8 |
63% |
|
Erteqa Capital |
8 |
63% |
|
Itqan Capital |
21 |
62% |
|
Merrill Lynch Saudi Arabia |
21 |
62% |
|
UBS Saudi Arabia |
13 |
62% |
|
Saudi BNP Paribas Investment Co. |
15 |
60% |
|
Anfaal Capital |
10 |
60% |
|
Nitaq Capital |
5 |
60% |
|
Alawwal Capital |
26 |
58% |
|
SKFH |
26 |
58% |
|
Blom Invest |
47 |
57% |
|
Team One Company |
14 |
57% |
|
Greenstone Saudi Arabia |
7 |
57% |
|
RAZ Amwal |
7 |
57% |
|
SICO Capital |
25 |
56% |
|
State Street Saudi Arabia |
9 |
56% |
|
Aloula Geojit Capital |
9 |
56% |
|
Kamco Invest |
20 |
55% |
|
Amwal Capital |
11 |
55% |
|
Morgan Stanley Saudi Arabia |
29 |
52% |
|
Tanmiah Capital |
6 |
50% |
|
Areeb Capital |
17 |
47% |
|
Swicorp |
33 |
45% |
|
Credit Suisse Saudi Arabia |
11 |
45% |
|
Natixis Saudi Arabia Investment Company |
9 |
44% |
|
EFG Hermes Saudi Arabia |
39 |
44% |
|
SMBC Saudi Arabia |
7 |
43% |
|
SaudiMed |
17 |
41% |
|
SHUAA Capital |
17 |
41% |
|
Mizuhu Saudi Arabia |
10 |
40% |
|
BMG Financial Group |
18 |
39% |
|
Investcorp Saudi Arabia |
13 |
38% |
|
Credit Agricole CIB Arabia |
8 |
38% |
|
FIM Partners KSA |
6 |
33% |
|
KKR Saudi Arabia |
3 |
33% |
|
GFH Saudi Arabia |
16 |
31% |
|
Lazarde Saudi Arabia |
7 |
29% |
|
Venture Capital |
5 |
20% |
|
Moelis & Company Saudi Limited |
3 |
-- |
|
Forsa Capital |
1 |
-- |
|
Total |
4773 |
77% |
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