Tadawul trading screen
Capital market institutions posted a 14% rise in combined net profit to SAR 1.3267 million in Q4 2021, compared to SAR 1.160 million in Q4 2020, data from the Capital Market Authority (CMA) showed.
Revenue grew by 9% in the three-month period to SAR 2.883 billion, from SAR 2.646 billion a year earlier. Zakat and tax also dropped 13% year-on-year (YoY).
The number of capital market institutions operating in the Kingdom increased to 107 in Q4 2021, from 97 in the same period of 2020.
The table below shows the consolidated income statement for capital market institutions in Q4 2021:
|
Income Statement (SAR mln) |
|||
|
Period |
Q4 2020 |
Q4 2021 |
Change |
|
Revenue |
2646.6 |
2883.8 |
+9% |
|
OPEX |
1204.6 |
1376.4 |
+14% |
|
Operating profit |
1442.0 |
1507.4 |
+5% |
|
Other revenues |
(19.0) |
48.4 |
+354% |
|
Zakat & tax |
263.3 |
229.6 |
(13%) |
|
Profit/loss of minority interest |
(0.6) |
(0.5) |
+20% |
|
Net profit |
1160.3 |
1326.7 |
+14% |
Revenue from dealing fell 30% to SAR 690.3 million in Q4 2021, compared to SAR 980.9 million a year earlier. Asset management revenue also jumped 51% YoY to SAR 1.0964 billion in Q4 2021.
The table below shows the revenue of the capital market institutions by activity in Q4 2021:
|
Revenue by Activity (SAR mln) |
|||
|
Period |
Q4 2020 |
Q4 2021 |
Change |
|
Dealing |
980.9 |
690.3 |
(30%) |
|
Asset management |
726.8 |
1096.4 |
+51% |
|
Investment banking |
270.4 |
491.4 |
+82% |
|
Advisory/Research |
0.0 |
23.2 |
-- |
|
Custody |
88.7 |
119.7 |
+35% |
|
Investments |
313.2 |
350.4 |
+12% |
|
Other revenues |
245.1 |
155.1 |
(37%) |
|
Total |
2625.1 |
2926.6 |
+11% |
Combined assets increased 20% to nearly SAR 43.1 billion, compared to SAR 35.6 billion in Q4 2020.
Shareholders’ equity grew 16% YoY to SAR 31.5 billion in thee-month period.
|
Balance Sheet (SAR mln) |
|||
|
Period |
Q4 2020 |
Q4 2021 |
Change |
|
Assets |
35591.0 |
43104.2 |
+20% |
|
Liabilities |
8246.0 |
11512.4 |
+40% |
|
Capital |
16663.8 |
16488.1 |
(1%) |
|
Shareholders’ equity |
27292.8 |
31544.9 |
+16% |
Capital market institutions completed SAR 907.3 billion worth of transactions in different equity markets in Q4 2021, a drop of 38% from SAR 1.472 trillion in the year-earlier period.
Transactions brokered by capital market institutions accounted for 94.95% of the total trading activity in the Saudi market and 4.84 % in the US markets. The other markets accounted for the remaining percentage.
The following table shows the classification of trading value in the stock markets geographically in Q4 2021:
|
Trading Value by Region |
||
|
Region |
Trading Value (SAR mln) |
Percentage of Total Trading Value |
|
Local market |
907,322.8 |
94.95% |
|
GCC |
1,186.0 |
0.12% |
|
Arab countries |
470.8 |
0.05% |
|
Asia |
45.1 |
0.00% |
|
US |
46,205.6 |
4.84% |
|
Europe |
278.3 |
0.03 % |
|
Other |
33.1 |
0.00 % |
|
Total |
955,541.7 |
100.00% |
Capital market institutions are those that have been licensed by the CMA to carry out dealing activity as a principal, agent, or underwriter, along with the managing of investment funds and client portfolios, or the arranging, advisory and custody activities.
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