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

11/04/2023 Argaam Special
Logo ofCapital Market Authority (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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