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The number of employees at capital market institutions reached 4,784 by the end of the first quarter of 2022, an increase of 11 employees quarter-on-quarter, according to the latest data from the Capital Market Authority (CMA).
Meanwhile, the localization rate at these institutions was 77% by the end of Q1 2022, according to the Capital Market Institutions Report.
The table below shows the number of employees at the 118-capital market institutions since 2017:
Employees at Capital Market Institutions since 2017* |
||
Period |
Number of employees |
Saudization |
Q1 2017 |
4420 |
70% |
Q2 2017 |
4351 |
70% |
Q3 2017 |
4379 |
70% |
Q4 2017 |
4342 |
71% |
Q1 2018 |
4385 |
72% |
Q2 2018 |
4332 |
72% |
Q3 2018 |
4353 |
72% |
Q4 2018 |
4325 |
73% |
Q1 2019 |
4317 |
73% |
Q2 2019 |
4240 |
73% |
Q3 2019 |
4340 |
73% |
Q4 2019 |
4348 |
73% |
Q1 2020 |
4350 |
73% |
Q2 2020 |
4371 |
73% |
Q3 2020 |
4417 |
74% |
Q4 2020 |
4395 |
75% |
Q1 2021 |
4464 |
76% |
Q2 2021 |
4491 |
76% |
Q3 2021 |
4606 |
77% |
Q4 2021 |
4773 |
77% |
Q1 2022 |
4420 |
77% |
The number of capital market institutions reached 118 by the end of Q1 2022. SNB Capital topped the list with 366 employees, and 89% Saudization rate. It was followed by HSBC Saudi Arabia Ltd with 326 employees, with 82% Saudization rate.
Meanwhile, Tamra Capital, Merak Capital, Razeen Capital, JOA Capital and Sadu Capital achieved 100% Saudization.
Number of Employees by end of Q1 2022 |
||
Company |
Number of Employees |
Saudization |
Merak Capital |
11 |
100% |
Tamra Capital |
8 |
100% |
Razeen Capital |
6 |
100% |
JOA Capital |
3 |
100% |
Sadu Capital |
3 |
100% |
Alinma Investment Company |
159 |
95% |
Miyar Capital |
18 |
94% |
Al Rajhi Capital |
233 |
91% |
Albilad Capital |
152 |
89% |
SNB Capital |
366 |
89% |
Arch Capital |
16 |
88% |
Riyad Capital |
291 |
87% |
Rekaz |
14 |
86% |
ANB Invest |
148 |
85% |
Derayah Fianncial |
178 |
84% |
Family Office International |
31 |
84% |
AlJazira Capital |
174 |
83% |
Saudi Fransi Capital |
219 |
83% |
Adeem Capital |
17 |
82% |
Alistithmar Capital |
141 |
82% |
Al Khair Capital |
107 |
82% |
Asyaf Investments |
22 |
82% |
HSBC Saudi Arabia |
326 |
82% |
Impact Capital |
16 |
81% |
NOMW Capital |
25 |
80% |
NEO Merchants Capital |
5 |
80% |
Middle East Bridge Investment |
5 |
80% |
Marifa Capital |
10 |
80% |
Yaqeen Capital |
96 |
79% |
GIB Capital |
67 |
79% |
Alkhabeer Capital |
93 |
78% |
NBK Wealth Management |
41 |
78% |
J P. Morgan Kingdom of Saudi Arabia |
36 |
78% |
Dirham Capital |
18 |
78% |
Black Rock Saudi Arabia |
9 |
78% |
Value Capital Partners |
9 |
78% |
Mulkia Capital |
40 |
78% |
MEFIC Capital |
35 |
77% |
Credit Suisse Saudi Arabia |
34 |
76% |
SEDCO Capital |
97 |
76% |
Tharawat |
21 |
76% |
Alpha Capital |
46 |
76% |
Standard Chartered Capital Saudi Arabia |
12 |
75% |
Ehata Financial |
8 |
75% |
Rasana Capital |
4 |
75% |
Alawwal Invest |
59 |
75% |
Osool & Bakheet Investment |
53 |
74% |
Goldman Sachs Saudi Arabia |
22 |
73% |
National Bonds Corp. |
11 |
73% |
Audi Capital |
29 |
72% |
Jadwa Investment |
127 |
72% |
Musharaka Capital |
35 |
71% |
Wasatah Capital |
28 |
71% |
Watheeq Financial Services |
14 |
71% |
Bait Al Mal Al Khaleeji |
14 |
71% |
GIAMCO |
7 |
71% |
Sabeen Investments |
7 |
71% |
Malaz Capital |
31 |
71% |
Sidra Capital |
57 |
70% |
Al-Nefaie Investment |
40 |
70% |
Esnad Advisory |
10 |
70% |
Seedra Investment |
10 |
70% |
FAB Investment Company |
13 |
69% |
Northern Trust Saudi Arabia |
19 |
68% |
Ashmore Investment Saudi Arabia |
22 |
68% |
Citigroup Saudi Arabia |
21 |
67% |
99Hlala Capital Co. |
12 |
67% |
Anfaal Capital |
9 |
67% |
BNY Mellon Saudi Financial |
9 |
67% |
Bayt Alnomow Capital |
6 |
67% |
Deutsche Securities |
29 |
66% |
Alawwal Capital |
26 |
65% |
KASB Capital |
20 |
65% |
Arbah Capital |
48 |
65% |
Saudi Kuwaiti Finance House |
24 |
63% |
Saudi BNP Paribas Investment Co. |
16 |
63% |
Aldukheil Financial Group |
21 |
62% |
Team One |
13 |
62% |
UBS Saudi Arabia |
13 |
62% |
Itqan Capital |
23 |
61% |
Emirates NBD Capital Saudi Arabia |
28 |
61% |
Merrill Lynch Saudi Arabia |
20 |
60% |
Erteqa Capital |
5 |
60% |
Nitaq Capital |
5 |
60% |
Narmo Capital |
5 |
60% |
FORSAH CAPITAL |
5 |
60% |
Blom Invest |
54 |
59% |
Greenstone Saudi Arabia |
7 |
57% |
SICO Capital |
25 |
56% |
Aloula Geojit Capital |
9 |
56% |
Ithmar Saudi Arabia |
9 |
56% |
RAZ Amwal |
9 |
56% |
KAMCO Invest |
20 |
55% |
Morgan Stanley Saudi Arabia |
28 |
50% |
State Street Saudi Arabia |
10 |
50% |
Natixis Saudi Arabia Investment Company |
10 |
50% |
SHUAA Capital |
17 |
47% |
Swicorp |
30 |
47% |
EFG Hermes Saudi Arabia |
41 |
46% |
Investcorp Saudi Arabia |
14 |
43% |
SMBC Saudi Arabia |
7 |
43% |
Areeb Capital |
17 |
41% |
SaudiMed |
17 |
41% |
Societe Generale Saudi Arabia |
10 |
40% |
Mizuhu Saudi Arabia |
10 |
40% |
Tanmiah Capital |
10 |
40% |
Credit Agricole CIB Arabia |
13 |
38% |
Arcapita Saudi Arabia |
8 |
38% |
BMG Financial Group |
17 |
35% |
Ejada Capital |
9 |
33% |
Lazarde Saudi Arabia |
6 |
33% |
FIM Partners KSA |
6 |
33% |
Venture Capital |
6 |
33% |
KKR Saudi Arabia |
3 |
33% |
GFH Saudi Arabia |
16 |
31% |
Amwal Capital |
7 |
29% |
Moelis & Company Saudi Limited |
3 |
-- |
Haykala Advisors |
0 |
-- |
Total |
4,784 |
77% |
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