Al-Jazeera Capital, a joint stock brokerage firm that offers sharia-compliant products, maintained the lead among brokerage companies operating in the Saudi Stock Exchange for the 28th consecutive month, capturing 17.3 percent of April’s SAR 464.6 billion trading, according to a report by Tadawul, the Saudi bourse.
Al-Rajhi Capital, the investment banking arm of Saudi Arabia’s top listed lender, al-Rajhi bank, had 15.3 percent of the market in April, while NCB Capital came third, with 12.8 percent market share.
The value of the brokerage fees earned by firms is twice as much as that announced by Tadawul because the brokers earn fees from both the buyers and sellers.
Brokerage firms market shares (April 2014) |
|||
Trading (%) |
Trading value(SAR billion) |
Brokerage firms |
Number |
17.3% |
80.18 |
Al jazira Capital |
1 |
15.3% |
71.27 |
Al Rajhi Capital |
2 |
12.8% |
59.61 |
NCB Capital |
3 |
9.5% |
44.17 |
Samba Capital |
4 |
9.4% |
43.85 |
HSBC |
5 |
7.3% |
33.93 |
Saudi Fransi Capital |
6 |
5.9% |
27.46 |
Riyad Capital |
7 |
5.1% |
23.83 |
ANB Invest |
8 |
4.2% |
19.56 |
Alistithmar Capital |
9 |
2.8% |
13.17 |
Derayah Capital |
10 |
2.1% |
9.63 |
Falcom Financial Services |
11 |
1.7% |
7.94 |
Saudi Hollandi Capital |
12 |
1.5% |
7.14 |
Albilad Investment Co. |
13 |
0.9% |
4.14 |
Alinma Investment |
14 |
0.8% |
3.56 |
Aloula Geojit Capital |
15 |
0.7% |
3.04 |
Al-Nefaie Investment |
16 |
0.4% |
1.66 |
Osool Capital |
17 |
0.3% |
1.47 |
Hermes KSA |
18 |
0.3% |
1.41 |
Jadwa Investment |
19 |
0.2% |
1.09 |
Merrill Lynch KSA Co |
20 |
0.2% |
1.04 |
Morgan Stanley |
21 |
0.2% |
0.83 |
Deutsche Securities |
22 |
0.2% |
0.79 |
Credit Suisse Saudi Arabia |
23 |
0.2% |
0.75 |
Middle East Financial Investment Co. (MEFIC) |
24 |
0.2% |
0.73 |
Al-Khair Capital Saudi Arabia |
25 |
0.2% |
0.72 |
Audi Capital |
26 |
0.2% |
0.68 |
Arbah Capital |
27 |
0.1% |
0.67 |
Muscat Capital Co. |
28 |
0.04% |
0.20 |
Emirates NBD Capital KSA LLC |
29 |
0.01% |
0.05 |
The Investor Co. for Securities |
30 |
Brokerage firms ranking 2014 |
||||
January |
February |
March |
April |
Brokerage firms |
1 |
1 |
1 |
1 |
Al jazira Capital |
2 |
2 |
2 |
2 |
Al Rajhi Capital |
3 |
3 |
4 |
5 |
HSBC |
4 |
4 |
3 |
3 |
NCB Capital |
5 |
5 |
5 |
4 |
Samba Capital |
6 |
6 |
6 |
6 |
Saudi Fransi Capital |
7 |
7 |
7 |
7 |
Riyad Capital |
8 |
8 |
8 |
8 |
ANB Invest |
9 |
9 |
9 |
9 |
Alistithmar Capital |
10 |
10 |
10 |
10 |
Derayah Capital |
11 |
11 |
12 |
11 |
Falcom Financial Services |
12 |
12 |
13 |
12 |
Saudi Hollandi Capital |
13 |
13 |
14 |
13 |
Albilad Investment Co. |
14 |
14 |
11 |
14 |
Alinma Investment |
15 |
15 |
15 |
15 |
Aloula Geojit Capital |
16 |
18 |
18 |
18 |
Hermes KSA |
17 |
21 |
24 |
19 |
Jadwa Investment |
18 |
17 |
16 |
16 |
Al-Nefaie Investment |
19 |
20 |
21 |
20 |
Merrill Lynch KSA Co |
20 |
16 |
20 |
23 |
Credit Suisse Saudi Arabia |
21 |
19 |
17 |
21 |
Morgan Stanley |
22 |
25 |
29 |
25 |
Al-Khair Capital Saudi Arabia |
23 |
23 |
22 |
24 |
Middle East Financial Investment Co. (MEFIC) |
24 |
22 |
19 |
17 |
Osool Capital |
25 |
24 |
27 |
22 |
Deutsche Securities |
26 |
26 |
23 |
28 |
Muscat Capital Co. |
27 |
28 |
26 |
26 |
Audi Capital |
28 |
29 |
25 |
27 |
Arbah Capital |
29 |
27 |
28 |
29 |
Emirates NBD Capital KSA LLC |
30 |
30 |
30 |
30 |
The Investor Co. for Securities |
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