Capital market institutions employ 5,100 by Q3 2022-end, Saudization at 77%: CMA

08/01/2023 Argaam Special

Capital market institutions employ 5,100 by Q3 2022-end, Saudization at 77%: CMA

Logo of the Capital Market Authority


The number of employees at capital market institutions stood at 5,100 by the end of the third quarter of 2022, recording a quarter-on-quarter (QoQ) drop of nine employees, according to the latest data from the Capital Market Authority (CMA).

 

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

  

The table below shows the number of employees at the 134 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%

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

The number of capital market institutions reached 134 by the end of the third quarter of 2022. SNB Capital topped the list by number of employees with 369. It was followed by Riyad Capital with 286 employees. The Saudization rate at both institutions hit 89  %in the same period.

 

Meanwhile, nine companies achieved 100  %Saudization.

 

Number of Employees by end of Q3 2022

Company

Number of Employees 

Saudization

Merak Capital

12

 % 100

Razeen Capital

6

 % 100

JOA Capital

5

 % 100

Sadu Capital

5

 % 100

Sadeed Financial

4

 % 100

Mashoura Capital

2

 % 100

 Rawasi Advanced Investment

1

 % 100

Afaq Capital

7

 % 100

Jadara Investment

4

 % 100

Alinma Invest

155

 % 95

Miyar Capital

16

 % 94

Manafa Capital

15

 % 93

SNB Capital

369

 % 89

Riyad Capital

286

 % 89

Albilad Capital

172

 % 88

Dirham Capital

16

 % 88

Tamra Capital 

8

 % 88

Al Rajhi Capital

267

 % 87

 Alawwal Invest

184

 % 86

Mulkia Investment

28

 % 86

Tharwat For Financial Securities

21

 % 86

ANB Invest

151

 % 85

Derayah Financial

190

 % 85

Marifa Capital

13

 % 85

Value Capital Partners

12

 % 83

Portfolios Investment 

6

 % 83

Alistithmar Capital

140

 % 83

Saudi Fransi Capital

221

 % 83

AlJazira Capital

186

 % 83

Adeem Capital

17

 % 82

Arch Capital

16

 % 81

Alkhair Capital

106

 % 81

Alpha Capital

53

 % 81

GIB Capital

78

 % 81

Asyaf Investment

25

 % 80

Impact Capital

15

 % 80

FAB Capital

15

 % 80

NEO Merchants Capital

5

 % 80

AlKhizanah Capital

5

 % 80

Yaqeen Capital

102

 % 79

Alkhabeer Capital

100

 % 79

Middle East Financial Investment

36

 % 78

Ehata Financial

9

 % 78

SEDCO Capital

98

 % 78

The Northern Trust Company of Saudi Arabia

22

 % 77

Rekaz National Capital

13

 % 77

Osool & Bakheet Investment

56

 % 77

NBK Wealth Management

38

 % 76

Arbah Capital

48

 % 75

Standard Chartered Capital Saudi Arabia

12

 % 75

Erteqa Financial

8

 % 75

Rasana Capital 

19

 % 74

Jadwa Investmentt

136

 % 74

Audi Capital

34

 % 74

Goldman Sachs Saudi Arabia

22

 % 73

National Bonds Corp.

11

 % 73

Al-Nefaie Investment

40

 % 73

JP Morgan Saudi Arabia

40

 % 73

Credit Suisse Saudi Arabia

36

 % 72

Musharaka Capital

50

 % 72

The Family Office International Investment

25

 % 72

Seedra Investment

7

 % 71

Gulf Investors Asset Management 

7

 % 71

Citigroup Saudi Arabia

24

 % 71

Sidra Capital

33

 % 70

Bait Al Mal Al Khaleeji 

56

 % 70

Malaz Capital 

13

 % 69

Alawwal Capital

29

 % 69

Aldukheil Financial Group

29

 % 69

Bayt Alnomow Capital

22

 % 68

Ashmore Investment Saudi Arabia 

34

 % 68

Watheeq Capital

21

 % 67

99Hlala Capital

15

 % 67

Esnad Financial

6

 % 67

Anfaal Capital

9

 % 67

Sabeen Investment 

9

 % 67

Forsah Capital

9

 % 67

Awan Saudi Capital

9

 % 67

Deutsche Securities Saudi Arabia

9

 % 67

Saudi Kuwaiti Finance House

3

 % 67

BNY Mellon Saudi Financial

26

 % 65

Middle East Bridge Investment

27

 % 63

Merrill Lynch Saudi Arabia

8

 % 63

KASB Capital

8

 % 63

OneTeam

21

 % 62

SMBC Advisory Services Saudi Arabia

20

 % 60

Amwal Financial 

10

 % 60

Narmo Capital

5

 % 60

HSBC Saudi Arabia Ltd.

10

 % 60

Itqan Capital

5

 % 60

Blominvest Saudi Arabia

274

 % 59

SICO Capital

22

 % 59

Morgan Stanley Saudi Arabia

58

 % 59

Emirates NBD Capital KSA

40

 % 58

SHUAA Capital

34

 % 56

Aloula Geojit Capital

27

 % 56

Ithmar Saudi Financial Consultancy Services

18

 % 56

Raz Amwal Investment 

9

 % 56

KAMCO Investment

9

 % 56

BNP Paribas

9

 % 56

EFG-Hermes Saudi Arabia

19

 % 53

BMG Financial Group

19

 % 53

State Street Saudi Arabia Financial Solution 

42

 % 50

Natixis Saudi Arabia Investment

14

 % 50

Mizuho Saudi Arabia

10

 % 50

Tanmia Capital

10

 % 50

Greenstone Saudi Arabia LLC

10

 % 50

Bayt Alnomow Capital 

6

 % 50

Saudi Venture Capital Investment 

6

 % 50

Nitaq Capital 

8

 % 50

Haykala Advisors and Managers

8

 % 50

Investcorp Saudi Arabia Financial Investment 

4

 % 50

UBS Saudi Arabia

8

 % 50

Arcapita Capital

17

 % 47

SaudiMed Investment 

15

 % 47

Credit Agricole CIB Arabia Financial 

13

 % 46

Areeb Capital

16

 % 44

Societe Generale Saudi Arabia

12

 % 42

Lazard Saudi Arabia

17

 % 41

FIM Partners KSA

10

 % 40

KKR Saudi Limited 

19

 % 37

Swicorp

6

 % 33

Ejada Capital

6

 % 33

Moelis & Company Saudi Limited

3

 % 33

MMC Financial

19

 % 32

Investors Capital

4

 % 25

London and The Middle East Capital 

3

--

Vera Capital

--

--

Financial Innovators

--

--

Awaed Alosool Capital

--

--

Two Atoms Capital

--

--

Total

--

--

 
 

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