Tadawul trading screen
Al Rajhi Capital topped the brokerage firms operating in the Main Market (TASI) in October, accounting for about 17.5%, or SAR 51.26 billion of total trading value.
SNB Capital came in second, brokering nearly SAR 51.01 billion, or 17.4% of the market transactions. Derayah Financial came third, accounting for SAR 22.96 billion, or 7.8% of the total trading value.
The following table shows the brokerage firms operating in Saudi Arabia during October. It is worth noting that the total trading values are twice the amount reported by Tadawul due to the calculation method, as brokerage firms earn a commission from both the buyer and the seller for each transaction.
Rankings & Trading Values of Tadawul's Brokerages (October 2024) |
||
Brokerage Firm |
Trading Value (SAR bln) |
Market Share |
Al Rajhi Capital |
51.26 |
17.47% |
SNB Capital |
51.01 |
17.38% |
Derayah Financial |
22.96 |
7.82% |
Morgan Stanley |
22.23 |
7.58% |
Merrill Lynch Saudi Arabia |
19.15 |
6.53% |
Riyad Capital |
16.32 |
5.56% |
AlJazira Capital |
14.37 |
4.90% |
J P Morgan Saudi Arabia |
12.88 |
4.39% |
Goldman Sachs Saudi Arabia |
12.27 |
4.18% |
HSBC Saudi Arabia |
8.55 |
2.91% |
Saudi Fransi Capital |
7.53 |
2.57% |
EFG Hermes Saudi Arabia |
7.36 |
2.51% |
Alinma Investment |
7.33 |
2.50% |
ANB Capital |
6.98 |
2.38% |
SAB Invest |
6.68 |
2.28% |
Alistithmar Capital |
5.98 |
2.04% |
Sahm Capital |
4.96 |
1.69% |
Albilad Investment |
3.83 |
1.31% |
Credit Suisse Saudi Arabia |
2.55 |
0.87% |
Yaqeen Capital |
1.63 |
0.56% |
Citigroup Saudi Arabia |
1.61 |
0.55% |
Al Khair Capital |
1.08 |
0.37% |
Alkhabeer Capital |
0.96 |
0.33% |
Al-Nefaie Investment |
0.68 |
0.23% |
Emirates NBD Capital |
0.67 |
0.23% |
Arbah Capital |
0.57 |
0.20% |
Musharaka Capital |
0.57 |
0.19% |
SICO Capital |
0.55 |
0.19% |
GIB Caoital |
0.47 |
0.16% |
Jadwa Investment |
0.36 |
0.12% |
Osool & Bakheet Investment |
0.06 |
0.02% |
Deutsche Securities |
0.01 |
0.004% |
Awaed Alosool Capital |
0.0001 |
-- |
Total |
293.42 |
100% |
By the end of October, the combined traded value of brokerage firms reached approximately SAR 293.4 billion, representing a 31% year-on-year (YoY) increase.
In the Nomu-Parallel Market, Al Rajhi Capital led its peers in October, brokering nearly SAR 617.4 million.
Meanwhile, the number of brokerages involved in exchange-traded funds (ETFs) rose to 21 in October, with Albilad Investment topping the list by brokering nearly SAR 213.2 million.
Additionally, HSBC Saudi Arabia led the brokerages in the Sukuk and Bonds Market, brokering about SAR 1.48 billion during the month.
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