Logo of Capital Market Authority (CMA)
The Capital Market Authority (CMA) posted SAR 1.34 billion in revenue for 2022, down 19% year-on-year (YoY), the Saudi market regulator’s annual report showed.
Expenses rose 7% YoY to SAR 830.9 million last year.
|
CMA Financial Performance (SAR mln) |
||||
|
Item |
2021 |
2022 |
Change in Value |
Change |
|
Revenue |
1646.75 |
1340.25 |
(306.50) |
(19%) |
|
Actual expenses |
776.74 |
830.87 |
+ 54.13 |
+7% |
Surplus from core operations stood at SAR 509.4 million in 2022.
|
Surplus (SAR mln) |
|||
|
Item |
Expenditure |
Revenue |
Saving |
|
Surplus from core operations |
830.87 |
1340.25 |
+509.38 |
The market regulator generated SAR 1.05 billion in revenue from stock trading commissions, down 27% YoY, making nearly 79% of total revenue.
The market turnover declined by 24% YoY to SAR 1.70 trillion, with an average daily trading value of around SAR 6.89 billion.
Revenue from trading services and activities increased 22% YoY to SAR 164.1 million. Meanwhile, revenue from market violation fines and penalties dropped 9% YoY.
|
Revenue Details (SAR mln) |
|||
|
Item |
2021 |
2022 |
Change |
|
Stock trading commissions |
1436.2 |
1052.6 |
(27%) |
|
Trading services and CMA activities |
134.5 |
164.1 |
+22% |
|
Violations of rules and executive regulations |
52.6 |
48.0 |
(9%) |
|
Deposit returns |
23.4 |
75.6 |
+223% |
|
Total |
1646.8 |
1340.2 |
(19%) |
The CMA’s employee expenses reached SAR 566 million, accounting for 68% of total spending last year.
The regulator has 777 employees, a rise of 5% YoY.
|
Expenditure Details (SAR mln) |
|||
|
Item |
2021 |
2022 |
Change |
|
Staff salaries and benefits |
531.2 |
566.0 |
+7% |
|
General and administrative expenses |
155.6 |
160.8 |
+3% |
|
Depreciation and amortization |
28.7 |
23.4 |
(18%) |
|
Professional services and consultancies |
22.7 |
30.4 |
+34% |
|
Staff training and scholarships |
38.5 |
48.3 |
+25% |
|
Total |
776.7 |
830.9 |
+7% |
Founded in 2003, the CMA is a government organization with full financial, legal, and administrative independence, and is directly subject to the prime minister.
The financial resources of CMA comprise fees of services, commissions charged, fees for using its facilities, returns on its funds and proceeds of the assets’ sale, fines and financial penalties imposed on market violators, government funds to CMA, and any other resources determined by the board including (registration, listing or trading of securities, brokerages’ licensing and investment funds’ registration).
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