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×Capital market institutions employ 5,100 by Q3 2022-end, Saudization at 77%: CMA
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The number of employees at capital market institutions stood at 5,100 by the end of the third quarter of 2022, recording a quarter-on-quarter (QoQ) drop of nine employees, according to the latest data from the Capital Market Authority (CMA).
Meanwhile, the Saudization rate at these institutions reached 77% by the end of the three-month period, according to the Capital Market Institutions Report.
The table below shows the number of employees at the 134 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 |
4784 |
77% |
Q2 2022 |
5109 |
77% |
Q3 2022 |
5100 |
77% |
The number of capital market institutions reached 134 by the end of the third quarter of 2022. SNB Capital topped the list by number of employees with 369. It was followed by Riyad Capital with 286 employees. The Saudization rate at both institutions hit 89 %in the same period.
Meanwhile, nine companies achieved 100 %Saudization.
Number of Employees by end of Q3 2022 |
||
Company |
Number of Employees |
Saudization |
Merak Capital |
12 |
% 100 |
Razeen Capital |
6 |
% 100 |
JOA Capital |
5 |
% 100 |
Sadu Capital |
5 |
% 100 |
Sadeed Financial |
4 |
% 100 |
Mashoura Capital |
2 |
% 100 |
Rawasi Advanced Investment |
1 |
% 100 |
Afaq Capital |
7 |
% 100 |
Jadara Investment |
4 |
% 100 |
Alinma Invest |
155 |
% 95 |
Miyar Capital |
16 |
% 94 |
Manafa Capital |
15 |
% 93 |
SNB Capital |
369 |
% 89 |
Riyad Capital |
286 |
% 89 |
Albilad Capital |
172 |
% 88 |
Dirham Capital |
16 |
% 88 |
Tamra Capital |
8 |
% 88 |
Al Rajhi Capital |
267 |
% 87 |
Alawwal Invest |
184 |
% 86 |
Mulkia Investment |
28 |
% 86 |
Tharwat For Financial Securities |
21 |
% 86 |
ANB Invest |
151 |
% 85 |
Derayah Financial |
190 |
% 85 |
Marifa Capital |
13 |
% 85 |
Value Capital Partners |
12 |
% 83 |
Portfolios Investment |
6 |
% 83 |
Alistithmar Capital |
140 |
% 83 |
Saudi Fransi Capital |
221 |
% 83 |
AlJazira Capital |
186 |
% 83 |
Adeem Capital |
17 |
% 82 |
Arch Capital |
16 |
% 81 |
Alkhair Capital |
106 |
% 81 |
Alpha Capital |
53 |
% 81 |
GIB Capital |
78 |
% 81 |
Asyaf Investment |
25 |
% 80 |
Impact Capital |
15 |
% 80 |
FAB Capital |
15 |
% 80 |
NEO Merchants Capital |
5 |
% 80 |
AlKhizanah Capital |
5 |
% 80 |
Yaqeen Capital |
102 |
% 79 |
Alkhabeer Capital |
100 |
% 79 |
Middle East Financial Investment |
36 |
% 78 |
Ehata Financial |
9 |
% 78 |
SEDCO Capital |
98 |
% 78 |
The Northern Trust Company of Saudi Arabia |
22 |
% 77 |
Rekaz National Capital |
13 |
% 77 |
Osool & Bakheet Investment |
56 |
% 77 |
NBK Wealth Management |
38 |
% 76 |
Arbah Capital |
48 |
% 75 |
Standard Chartered Capital Saudi Arabia |
12 |
% 75 |
Erteqa Financial |
8 |
% 75 |
Rasana Capital |
19 |
% 74 |
Jadwa Investmentt |
136 |
% 74 |
Audi Capital |
34 |
% 74 |
Goldman Sachs Saudi Arabia |
22 |
% 73 |
National Bonds Corp. |
11 |
% 73 |
Al-Nefaie Investment |
40 |
% 73 |
JP Morgan Saudi Arabia |
40 |
% 73 |
Credit Suisse Saudi Arabia |
36 |
% 72 |
Musharaka Capital |
50 |
% 72 |
The Family Office International Investment |
25 |
% 72 |
Seedra Investment |
7 |
% 71 |
Gulf Investors Asset Management |
7 |
% 71 |
Citigroup Saudi Arabia |
24 |
% 71 |
Sidra Capital |
33 |
% 70 |
Bait Al Mal Al Khaleeji |
56 |
% 70 |
Malaz Capital |
13 |
% 69 |
Alawwal Capital |
29 |
% 69 |
Aldukheil Financial Group |
29 |
% 69 |
Bayt Alnomow Capital |
22 |
% 68 |
Ashmore Investment Saudi Arabia |
34 |
% 68 |
Watheeq Capital |
21 |
% 67 |
99Hlala Capital |
15 |
% 67 |
Esnad Financial |
6 |
% 67 |
Anfaal Capital |
9 |
% 67 |
Sabeen Investment |
9 |
% 67 |
Forsah Capital |
9 |
% 67 |
Awan Saudi Capital |
9 |
% 67 |
Deutsche Securities Saudi Arabia |
9 |
% 67 |
Saudi Kuwaiti Finance House |
3 |
% 67 |
BNY Mellon Saudi Financial |
26 |
% 65 |
Middle East Bridge Investment |
27 |
% 63 |
Merrill Lynch Saudi Arabia |
8 |
% 63 |
KASB Capital |
8 |
% 63 |
OneTeam |
21 |
% 62 |
SMBC Advisory Services Saudi Arabia |
20 |
% 60 |
Amwal Financial |
10 |
% 60 |
Narmo Capital |
5 |
% 60 |
HSBC Saudi Arabia Ltd. |
10 |
% 60 |
Itqan Capital |
5 |
% 60 |
Blominvest Saudi Arabia |
274 |
% 59 |
SICO Capital |
22 |
% 59 |
Morgan Stanley Saudi Arabia |
58 |
% 59 |
Emirates NBD Capital KSA |
40 |
% 58 |
SHUAA Capital |
34 |
% 56 |
Aloula Geojit Capital |
27 |
% 56 |
Ithmar Saudi Financial Consultancy Services |
18 |
% 56 |
Raz Amwal Investment |
9 |
% 56 |
KAMCO Investment |
9 |
% 56 |
BNP Paribas |
9 |
% 56 |
EFG-Hermes Saudi Arabia |
19 |
% 53 |
BMG Financial Group |
19 |
% 53 |
State Street Saudi Arabia Financial Solution |
42 |
% 50 |
Natixis Saudi Arabia Investment |
14 |
% 50 |
Mizuho Saudi Arabia |
10 |
% 50 |
Tanmia Capital |
10 |
% 50 |
Greenstone Saudi Arabia LLC |
10 |
% 50 |
Bayt Alnomow Capital |
6 |
% 50 |
Saudi Venture Capital Investment |
6 |
% 50 |
Nitaq Capital |
8 |
% 50 |
Haykala Advisors and Managers |
8 |
% 50 |
Investcorp Saudi Arabia Financial Investment |
4 |
% 50 |
UBS Saudi Arabia |
8 |
% 50 |
Arcapita Capital |
17 |
% 47 |
SaudiMed Investment |
15 |
% 47 |
Credit Agricole CIB Arabia Financial |
13 |
% 46 |
Areeb Capital |
16 |
% 44 |
Societe Generale Saudi Arabia |
12 |
% 42 |
Lazard Saudi Arabia |
17 |
% 41 |
FIM Partners KSA |
10 |
% 40 |
KKR Saudi Limited |
19 |
% 37 |
Swicorp |
6 |
% 33 |
Ejada Capital |
6 |
% 33 |
Moelis & Company Saudi Limited |
3 |
% 33 |
MMC Financial |
19 |
% 32 |
Investors Capital |
4 |
% 25 |
London and The Middle East Capital |
3 |
-- |
Vera Capital |
-- |
-- |
Financial Innovators |
-- |
-- |
Awaed Alosool Capital |
-- |
-- |
Two Atoms Capital |
-- |
-- |
Total |
-- |
-- |
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