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The number of employees at capital market institutions rose by 228 quarter-on-quarter (QoQ) to 6,011 by the end of the second quarter of 2024, according to the latest data from the Capital Market Authority (CMA).
Meanwhile, the Saudization rate at these institutions reached 76% by the end of the second quarter, 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 |
78% |
|
Q2 2022 |
5109 |
77% |
|
Q3 2022 |
5100 |
77% |
|
Q4 2022 |
5252 |
77% |
|
Q1 2023 |
5421 |
77% |
|
Q2 2023 |
5524 |
75% |
|
Q3 2023 |
5531 |
77% |
|
Q4 2023 |
5689 |
76% |
|
Q1 2024 |
5783 |
77% |
|
Q2 2024 |
6011 |
76% |
*Includes data of companies that were licensed at the time, but unlicensed later.
The number of capital market institutions reached nearly 158 by the end of the second quarter of 2024. SNB Capital topped the list by number of employees with 403. Riyad Capital followed with 304 employees. The Saudization rate at the entities was 89% and 87%, respectively during the same period.
Meanwhile, nine companies achieved 100% Saudization.
|
Number of Employees by end of Q2 2024 |
||
|
Company |
Number of Employees |
Saudization |
|
SNB Capital |
403 |
89% |
|
Riyad Capital |
304 |
87% |
|
HSBC Saudi Arabia |
302 |
68% |
|
Al Rajhi Capital |
260 |
87% |
|
Alawwal Invest |
230 |
79% |
|
Saudi Fransi Capital |
202 |
90% |
|
Alinma Invest |
200 |
91% |
|
Derayah Financial |
195 |
81% |
|
Albilad Capital |
189 |
87% |
|
AlJazira Capital |
187 |
80% |
|
ANB |
167 |
85% |
|
Jadwa Investment |
153 |
75% |
|
SEDCO Capital |
136 |
73% |
|
Alistithmar Capital |
135 |
83% |
|
Alkhabeer Capital |
123 |
81% |
|
Yaqeen Capital |
106 |
81% |
|
GIB Capital |
92 |
82% |
|
Alkhair Capital |
82 |
73% |
|
Musharaka Capital |
82 |
73% |
|
Blominvest Saudi Arabia |
77 |
60% |
|
Others |
2386 |
-- |
|
Total |
6011 |
76% |
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