Al Rajhi Capital overtakes Aljazira as top brokerage firm

03/09/2015 Argaam Exclusive

Al Rajhi Capital, the investment arm of Al Rajhi Bank, overtook Aljazira Capital as the top brokerage firm operating in Saudi Arabia in terms of value and market share transactions that took place during August, according to data compiled by Argaam.

 

Al Rajhi brokered up to 17.42 percent, or SAR 40.5 billion, of the total stock transactions on Tadawul.

 

Aljazira Capital was a close second, executing 15.45 percent, or SAR 35.94 billion of the total trading operations. It ranked number one for the first five months of the year.

 

The actual value of transactions is double the figures disclosed by Tadawul, as brokerage firms take commission from both sellers and buyers.

 

Brokerage Firms – Market Shares (August 2015)

Trading

percentage

Trading value

(SAR bln)

Brokerage

firms

Number

17.42%

40.50

Al Rajhi Capital

1

15.45%

35.94

AlJazira Capital

2

10.86%

25.25

NCB Capital

3

7.98%

18.56

SAMBA Capital

4

7.85%

18.26

HSBC

5

6.72%

15.62

Saudi Fransi Capital

6

6.61%

15.36

Alistithmar Capital

7

5.25%

12.21

Riyad Capital

8

5.15%

11.99

ANB Invest

9

3.44%

8.01

Derayah Capital

10

1.75%

4.07

Falcom Financial Services

11

1.57%

3.66

Albilad Investment Co.

12

1.26%

2.92

Aloula Geojit Capital

13

1.25%

2.90

Alinma Investment

14

1.22%

2.84

Saudi Hollandi Capital

15

0.92%

2.14

Muscat Capital

16

0.73%

1.69

Audi Capital

17

0.67%

1.57

Hermes KSA

18

0.65%

1.51

Merrill Lynch KSA Co.

19

0.64%

1.49

Al-Nefaie Investment

20

0.62%

1.44

Jadwa Investment

21

0.40%

0.93

Deutsche Securities

22

0.36%

0.83

Morgan Stanley

23

0.27%

0.62

Arbah Capital

24

0.24%

0.57

Saudi Arabia Middle East Financial Investment Co. (MEFIC)

25

0.24%

0.57

Osool Capital

26

0.24%

0.55

Al-Khair Capital

27

0.15%

0.34

Credit Suisse Saudi Arabia

28

0.09%

0.21

Emirates NBD Capital KSA LLC

29

--

0.01

The Investor Co. for Securities

30

 

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