Saudi Arabian banknotes
The total margin commitment offered by capital market institutions to investors on the Saudi Exchange (Tadawul) fell by 1% to SAR 18.8 billion in Q3 2023, according to the report issued recently by the Capital Market Authority (CMA).
Meanwhile, the number of investors borrowing from brokers in Tadawul dropped by 2% to reach 6,699 compared to 6,814 in Q3 2022.
The outstanding balance rose slightly by 0.5% to SAR 15 billion in Q3 2023, compared to SAR 14.96 billion a year earlier.
Data also showed that the percentage of outstanding balance/total margin commitment stood at 79.8% in Q3 2023, compared to 78.3% in Q3 2022.
The margin financing is divided into direct financing from the capital market institutions to investors and indirect financing from a third party.
The table below indicates such details:
Value of Margin Lending by Capital Market Institutions |
|||
Period |
Q3 2022 |
Q3 2023 |
Change |
Number of Investors |
6814 |
6699 |
(2%) |
Total Margin Commitment (SAR mln) |
19106 |
18832 |
(1%) |
Outstanding Balance (SAR mln) |
14961 |
15035 |
+0.5% |
Outstanding Balance/Total Margin Commitment (%) |
78.3 % |
79.8 % |
-- |
The number of Tadawul investors grew 4% quarter-on-quarter (QoQ) in Q3 2023. Total margin commitment and outstanding balance, meanwhile, edged up by 7% and 8% QoQ, respectively, as the following table shows:
Value of Margin Lending by Capital Market Institutions |
|||
Period |
Number of Investors |
Total Margin Commitment (SAR mln) |
Outstanding Balance (SAR mln) |
Q1 2016 |
2752 |
21697 |
11022 |
Q2 |
2575 |
17530 |
10177 |
Q3 |
2289 |
15182 |
9003 |
Q4 |
2021 |
11776 |
6848 |
Q1 2017 |
1910 |
10047 |
5895 |
Q2 |
1803 |
7559 |
4880 |
Q3 |
1642 |
7245 |
4736 |
Q4 |
1666 |
8206 |
5516 |
Q1 2018 |
1821 |
8970 |
6542 |
Q2 |
1930 |
9743 |
7044 |
Q3 |
2024 |
9606 |
6851 |
Q4 |
2153 |
9562 |
6700 |
Q1 2019 |
2313 |
9364 |
6752 |
Q2 |
2217 |
9369 |
6289 |
Q3 |
2234 |
9364 |
6190 |
Q4 |
2601 |
11171 |
7560 |
Q1 2020 |
3123 |
11763 |
7499 |
Q2 |
3251 |
10668 |
6517 |
Q3 |
4036 |
11890 |
8018 |
Q4 |
4708 |
12660 |
8783 |
Q1 2021 |
5441 |
14252 |
10582 |
Q2 |
6299 |
16082 |
12373 |
Q3 |
7113 |
17443 |
13764 |
Q4 |
7246 |
18451 |
14444 |
Q1 2022 |
7441 |
20124 |
16088 |
Q2 |
7151 |
20564 |
16236 |
Q3 |
6814 |
19106 |
14961 |
Q4 |
6491 |
18792 |
14010 |
Q1 2023 |
6019 |
17589 |
13361 |
Q2 |
6425 |
17682 |
13891 |
Q3 |
6699 |
18832 |
15035 |
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