The number of employees at the financial institutions authorized by the Capital Market Authority (CMA) reached 4,317 in Q1 2019, down by eight employees quarter-on-quarter (QoQ), data compiled by the CMA showed.
The Saudization rate at these institutions stood at 73 percent in the first quarter of the year.
The number of authorized institutions reached 98 in Q1 2019. HSBC Saudi Arabia was ranked first in terms of the highest number of employees reaching 296. It was followed by Riyad Capital (294).
Six authorized institutions achieved a 100 percent Saudization rate, including The Family Office, Mirage Brokerage, Partners Value Investments, and Ta'atheer. Alinma Investment followed with 94 percent.
|
Employees at Brokerage Firms |
||
|
Period |
Number of employees |
Saudi employees % |
|
Q1 2017 |
4,420 |
70 % |
|
Q2 2017 |
4,351 |
70 % |
|
Q3 2017 |
4,379 |
70 % |
|
Q4 2017 |
4,342 |
71 % |
|
Q1 2018 |
4,385 |
72% |
|
Q2 2018 |
4,332 |
72% |
|
Q3 2018 |
4,353 |
72% |
|
Q4 2018 |
4,325 |
73 % |
|
Q1 2019 |
4,317 |
73% |
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