Logo of Capital Market Authority (CMA)
The number of employees at capital market institutions rose by 169 quarter-on-quarter (QoQ) to 5,421 by the end of the first quarter of 2023, according to the latest data from the Capital Market Authority (CMA).
Meanwhile, the Saudization rate at these institutions reached 77% by the end of Q1, 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% |
|
Q1 2023 |
5421 |
77% |
*Includes data of companies that were licensed at the time, but unlicensed later.
SNB Capital topped the list with 362 employees, with an 88% Saudization rate. Riyad Capital followed with 296 employees and an 89% Saudization rate.
Meanwhile, six capital market institutions achieved 100% Saudization, as follows:
|
Number of Employees by end of Q1 2023 |
||
|
Company |
Number of employees |
Saudization |
|
JOA Capital |
5 |
100% |
|
Razeen Capital |
6 |
100% |
|
Sadu Capital |
4 |
100% |
|
Sadeed Capital |
5 |
100% |
|
Mashoura Capital |
6 |
100% |
|
Merak Capital |
19 |
100% |
|
Alinma Investment |
169 |
95% |
|
Manafa Capital |
16 |
94% |
|
DOM Capital |
13 |
92% |
|
Al Rajhi Capital |
258 |
89% |
|
Riyad Capital |
296 |
89% |
|
SNB Capital |
362 |
88% |
|
Albilad Investment |
176 |
88% |
|
Afaq Capital |
8 |
88% |
|
Sabeen Investment |
8 |
88% |
|
Adeem Capital |
14 |
86% |
|
Derayah Capital |
197 |
86% |
|
Sidra Capital |
7 |
86% |
|
Saudi Fransi Capital |
219 |
85% |
|
ANB Invest |
163 |
85% |
|
Arch Capital |
20 |
85% |
|
Alistithmar Capital |
139 |
83% |
|
Alawwal Invest |
212 |
83% |
|
Buraq Capital |
6 |
83% |
|
Tamra Capital |
12 |
83% |
|
GIB Capital |
89 |
82% |
|
Mulkia Capital |
28 |
82% |
|
AlJazira Capital |
182 |
81% |
|
AlKhair Capital Saudi Arabia |
96 |
81% |
|
Asyaf Investments |
31 |
81% |
|
Standard Chartered Capital Saudi Arabia |
15 |
80% |
|
AlKhizanah Capital |
5 |
80% |
|
National Bonds Co. |
10 |
80% |
|
Financial Innovators |
5 |
80% |
|
Alpha Capital |
56 |
80% |
|
Rawasi Advanced Investment |
5 |
80% |
|
Miyar Capital |
20 |
80% |
|
Yaqeen Capital |
99 |
80% |
|
Tharawat |
34 |
79% |
|
Value Partners |
14 |
79% |
|
SEDCO Capital |
101 |
78% |
|
Al Khabeer Capital |
102 |
78% |
|
FAB Investment Company |
18 |
78% |
|
Impact Capital |
18 |
78% |
|
Jadwa Investment Co. |
98 |
78% |
|
Forsa Capital |
9 |
78% |
|
Marifa Capital |
18 |
78% |
|
Northern Trust Saudi Arabia |
23 |
78% |
|
MEFIC Capital |
44 |
77% |
|
NOMW Capital |
30 |
77% |
|
National Wealth Management |
39 |
77% |
|
Family Office International |
34 |
76% |
|
Goldman Sachs Saudi Arabia |
24 |
75% |
|
KKR Saudi Arabia |
4 |
75% |
|
Portfolios Investment |
8 |
75% |
|
Citigroup Saudi Arabia |
23 |
74% |
|
Audi Capital |
31 |
74% |
|
Al-Nefaie Investment |
35 |
74% |
|
Osool & Bakheet Investment |
56 |
73% |
|
Jadara Investment |
50 |
72% |
|
Sidra Capital |
61 |
72% |
|
GIAMCO |
7 |
71% |
|
Wasata Capital |
34 |
71% |
|
Arbah Capital |
48 |
71% |
|
London and The Middle East Capital |
17 |
71% |
|
Musharaka Capital |
58 |
71% |
|
Isnad Capital |
10 |
70% |
|
Middle East Bridge Investment |
10 |
70% |
|
JP Morgan Saudi Arabia |
53 |
70% |
|
Awaed Alosool Capital |
27 |
70% |
|
Malaz Capital |
32 |
69% |
|
Credit Suisse Saudi Arabia |
32 |
69% |
|
KASB Capital |
26 |
69% |
|
Alawwal Capital |
28 |
68% |
|
Ashmore Investment Saudi Arabia |
22 |
68% |
|
Rasana Capital |
22 |
68% |
|
Erteqa Capital |
9 |
67% |
|
Team One Company |
9 |
67% |
|
Itqan Capital |
21 |
67% |
|
Ehata Capital |
9 |
67% |
|
Emkan Alarabiya |
9 |
67% |
|
Anfaal Capital |
9 |
67% |
|
BNY Mellon Saudi Financial Company |
9 |
67% |
|
Dirham Capital |
9 |
67% |
|
RAZ Amwal |
12 |
67% |
|
Valuable Capital Financial |
41 |
66% |
|
Merrill Lynch Saudi Arabia |
20 |
65% |
|
Bait Al Mal Al Khaleeji |
11 |
64% |
|
SKFH |
32 |
63% |
|
Deutsche Securities |
26 |
62% |
|
Blom Invest |
60 |
62% |
|
Rekaz |
18 |
61% |
|
Watheeq Financial Services |
18 |
61% |
|
99Hlala Capital Co. |
5 |
60% |
|
HSBC Saudi Arabia |
271 |
60% |
|
Awan Saudi Capital |
5 |
60% |
|
Bayt Alnomow Capital Company |
5 |
60% |
|
Black Rock Saudi Arabia |
17 |
59% |
|
Aldukheil Financial Group |
19 |
58% |
|
Credit Agricole CIB Arabia |
14 |
57% |
|
Aloula Geojit Capital |
9 |
56% |
|
Ithmar Saudi Arabia |
9 |
56% |
|
Ejada Capital |
16 |
56% |
|
Kamco Invest |
22 |
55% |
|
SICO Capital |
35 |
54% |
|
SaudiMed |
17 |
53% |
|
EFG Hermes Saudi Arabia |
40 |
53% |
|
Emirates NBD Capital Saudi Arabia |
27 |
52% |
|
Morgan Stanley Saudi Arabia |
29 |
52% |
|
Saudi BNP Paribas Investment Co. |
16 |
50% |
|
State Street Saudi Arabia |
10 |
50% |
|
Nitaq Capital |
4 |
50% |
|
BMG Financial Group |
16 |
50% |
|
Investcorp Saudi Arabia |
17 |
47% |
|
SHUAA Capital |
17 |
47% |
|
UBS Saudi Arabia |
15 |
47% |
|
Tanmiah Capital |
11 |
45% |
|
Credit Suisse Saudi Arabia |
11 |
45% |
|
Lazarde Saudi Arabia |
11 |
45% |
|
Natixis Saudi Arabia Investment Company |
11 |
45% |
|
Arcapita Capital |
16 |
44% |
|
Mizuhu Saudi Arabia |
9 |
44% |
|
Amwal Capital |
7 |
43% |
|
Areeb Capital |
17 |
41% |
|
GFH Saudi Arabia |
17 |
41% |
|
Haykala Advisors |
10 |
40% |
|
Greenstone Saudi Arabia |
8 |
38% |
|
Narmo Capital |
8 |
38% |
|
FIM Partners KSA |
6 |
33% |
|
Venture Capital |
10 |
30% |
|
SMBC Saudi Arabia |
7 |
29% |
|
Moelis & Company Saudi Limited |
7 |
29% |
|
Swicorp |
12 |
25% |
|
MMC Financial |
5 |
0% |
|
Total |
5421 |
77% |
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