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 26th consecutive month, capturing 19 percent of February’s SAR 270.3 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 14 percent of the market in February, while HSBC Saudi Arabia came third, with 11.3 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. END
|
brokerage firms market shares (February 2014) |
|||
|
Trading (%) |
Trading value (SAR billion) |
Brokerage firms |
Number |
|
19.0% |
51.44 |
Al jazira Capital |
1 |
|
14.0 |
37.73 |
Al Rajhi Capital |
2 |
|
11.3% |
30.57 |
HSBC |
3 |
|
11.0% |
29.79 |
NCB Capital |
4 |
|
9.4% |
25.45 |
Samba Capital |
5 |
|
7.0% |
18.84 |
Saudi Fransi Capital |
6 |
|
6.0% |
16.29 |
Riyad Capital |
7 |
|
5.5% |
14.89 |
ANB Invest |
8 |
|
4.3% |
11.61 |
Alistithmar Capital |
9 |
|
2.2% |
5.80 |
Derayah Capital |
10 |
|
1.9% |
5.00 |
Falcom Financial Services |
11 |
|
1.7% |
4.46 |
Saudi Hollandi Capital |
12 |
|
1.4% |
3.71 |
Albilad Investment Co. |
13 |
|
0.8% |
2.23 |
Alinma Investment |
14 |
|
0.7% |
1.95 |
Aloula Geojit Capital |
15 |
|
0.7% |
1.82 |
Credit Suisse Saudi Arabia |
16 |
|
0.6% |
1.69 |
Al-Nefaie Investment |
17 |
|
0.4% |
1.20 |
Hermes KSA |
18 |
|
0.4% |
1.03 |
Morgan Stanley |
19 |
|
0.4% |
1.03 |
Merrill Lynch KSA Co. |
20 |
|
0.3% |
0.85 |
Jadwa Investment |
21 |
|
0.2% |
0.62 |
Osool Capital |
22 |
|
0.2% |
0.57 |
Middle East Financial Investment Co. (MEFIC) |
23 |
|
0.2% |
0.42 |
Deutsche Securities |
24 |
|
0.1% |
0.35 |
Al-Khair Capital Saudi Arabia |
25 |
|
0.1% |
0.30 |
Muscat Capital Co. |
26 |
|
0.1% |
0.28 |
Emirates NBD Capital KSA LLC |
27 |
|
0.1% |
0.21 |
Audi Capital |
28 |
|
0.1% |
0.19 |
Arbah Capital |
29 |
|
0.01% |
0.02 |
The Investor Co. for Securities |
30 |
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