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Saudization in CMA-authorized financial institutions reaches 74% in Q3 2020
AI Summary
Content Summary: 
The number of employees at the financial institutions authorized by the Capital Market Authority (CMA) reached 4,417 in Q3 2020, an increase of 46 employees quarter-on-quarter (QoQ), according to the market regulator's data.
The Saudization rate at these institutions stood at 74% in the third quarter of the year.
The following table illustrates the number of employees at the 108 CMA-authorized financial institutions since the beginning of 2017:
|
Employees at Brokerage Firms |
||
|
Period |
Number of employees |
Saudi employees (%) |
|
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 |
4330 |
73% |
|
Q3 2019 |
4340 |
73% |
|
Q4 2019 |
4348 |
73% |
|
Q1 2020 |
4350 |
73% |
|
Q2 2020 |
4371 |
73% |
|
Q3 2020 |
4417 |
74% |
*Includes data of Watan Investment and Securities whose license was canceled by the CMA
The number of authorized institutions reached 108 in Q3 2020. HSBC Saudi Arabia was ranked first in terms of the highest number of employees reaching 296, with a Saudization rate of 80%. It was followed by NCB Capital with 278 employees and a Saudization rate of 79%.
Four authorized institutions achieved a 100% Saudization rate, including Value Capital, Gulf One Capital and Mirage Brokerage. Alinma Investment followed with 96%.
|
Number of Employees at Brokerage Firms in Q3 2020 |
||
|
Company |
Number of Employees |
Saudization rate |
|
Value Capital |
7 |
100% |
|
Gulf One |
4 |
100% |
|
Mirage Brokerage |
5 |
100% |
|
Tamra Capital |
3 |
100% |
|
Alinma Investment |
131 |
96% |
|
Samba Capital |
188 |
90% |
|
The Family Office |
10 |
90% |
|
Al Rajhi Capital |
220 |
88% |
|
Riyad Capital |
273 |
86% |
|
Albilad Capital |
126 |
85% |
|
ANB Invest |
138 |
83% |
|
Impact Capital |
11 |
82% |
|
Value Capital Partners |
11 |
82% |
|
Alpha Capital |
32 |
81% |
|
AlJazira Capital |
168 |
81% |
|
Alkhair Capital |
87 |
80% |
|
GIB Capital |
61 |
80% |
|
HSBC Saudi Arabia |
296 |
80% |
|
Esnad Advisory |
5 |
80% |
|
Asyaf Investment |
5 |
80% |
|
Saudi Fransi Capital |
236 |
80% |
|
NBK Wealth Management |
34 |
79% |
|
NCB Capital |
278 |
79% |
|
Derayah Financial |
142 |
78% |
|
Alistithmar Capital |
126 |
78% |
|
Standard Chartered Capital |
13 |
77% |
|
Al Nefaie Investment |
38 |
76% |
|
JP Morgan |
37 |
76% |
|
Alawwal Invest |
45 |
76% |
|
Ehata Financial |
8 |
75% |
|
NEO Merchants Capital |
4 |
75% |
|
Bayt Alnomow |
8 |
75% |
|
Greenstone |
8 |
75% |
|
Raed Advanced Investments |
4 |
75% |
|
Alkhabeer Capital |
87 |
75% |
|
Wasatah Capital |
31 |
74% |
|
23 |
74% |
|
|
MEFIC Capital |
33 |
73% |
|
National Bonds |
11 |
73% |
|
Bait Al Mal Alkhaleeji |
14 |
71% |
|
Citigroup Saudi Arabia |
24 |
71% |
|
Musharaka Capital |
34 |
71% |
|
Tharwat for Financial Securities |
27 |
70% |
|
First Abu Dhabi Investment |
10 |
70% |
|
Mulkia Investment |
23 |
70% |
|
Rekaz National Capital |
13 |
69% |
|
FALCOM Financial Services |
87 |
69% |
|
Malaz Capital |
28 |
68% |
|
Jadwa Investment |
115 |
67% |
|
Deutsche Securities Saudi Arabia |
24 |
67% |
|
Gulf Investors Asset Management |
9 |
67% |
|
Osool & Bakheet |
48 |
67% |
|
MaCeen Capital |
15 |
67% |
|
SEDCO Capital |
83 |
65% |
|
KASB Capital |
20 |
65% |
|
Adeem Capital |
17 |
65% |
|
Ashmore Saudi Arabia |
17 |
65% |
|
Emirates NBD Capital |
22 |
64% |
|
Northern Trust |
22 |
64% |
|
Al-Dakheel Financial |
11 |
64% |
|
Finance House |
8 |
63% |
|
Watheeq Financial Services |
8 |
63% |
|
NOMW Capital |
23 |
61% |
|
Audi Capital |
33 |
61% |
|
Alawwal Capital |
30 |
60% |
|
State Street Saudi Arabia |
10 |
60% |
|
Credit Suisse Saudi Arabia |
47 |
60% |
|
Saudi Kuwaiti Finance House |
34 |
59% |
|
United Financial House |
7 |
57% |
|
Merrill Lynch Kingdom of Saudi Arabia |
21 |
57% |
|
Itqan Capital |
32 |
56% |
|
Arbah Capital |
45 |
56% |
|
Morgan Stanley |
27 |
56% |
|
Aloula Geojit Capital |
11 |
55% |
|
Anfaal Capital |
13 |
54% |
|
SaudiMed Investment |
17 |
53% |
|
Investcorp Saudi Arabia |
17 |
53% |
|
UBS Saudi Arabia |
17 |
53% |
|
Sidra Capital |
42 |
52% |
|
Muscat Capital |
21 |
52% |
|
BlomInvest Saudi Arabia |
42 |
50% |
|
BNP Paribas Investment |
14 |
50% |
|
Kamco Invest |
18 |
50% |
|
Societe Generale Saudi Arabia |
12 |
50% |
|
Swicorp |
32 |
50% |
|
Mizuho Financial |
10 |
50% |
|
BNY Mellon Saudi Financial |
6 |
50% |
|
Ithraa Capital |
11 |
45% |
|
EFG Hermes KSA |
40 |
45% |
|
Areeb Capital |
19 |
42% |
|
TeamOne |
12 |
42% |
|
SMBC Advisory Services Saudi Arabia |
5 |
40% |
|
GFH Capital |
10 |
40% |
|
SHUAA Capital |
21 |
38% |
|
Ithmar Saudi Financial Consultancy |
8 |
38% |
|
Nomura Saudi Arabia |
8 |
38% |
|
BMG Financial Group |
20 |
35% |
|
Amwal Financial Consultants |
9 |
33% |
|
KKR Saudi |
3 |
33% |
|
BlackRock Saudi Arabia |
7 |
29% |
|
Lazard Saudi Arabia |
8 |
25% |
|
Natixis Saudi Arabia |
8 |
25% |
|
FIM Partners |
5 |
20% |
|
Venture Capital |
7 |
14% |
|
SICO Financial Saudi |
6 |
-- |
|
Advance Vision Investment |
0 |
-- |
|
Moelis & Company |
3 |
-- |
|
Tanmia Capital |
0 |
-- |
|
Total |
4417 |
74% |
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