Capital market institutions employ 6532 by Q4-end; Saudization at 77%: CMA

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The number of employees at capital market institutions rose by 843 year-on-year (YoY) to 6,532 by the end of the fourth quarter of 2024, according to the latest data from the Capital Market Authority (CMA).

 

Meanwhile, the Saudization rate at these institutions reached 77% by the end of Q4, according to the Capital Market Institutions report.

 

The table below shows the number of employees at capital market institutions since 2018:

 

Employees at Capital Market Institutions since 2018*

Period

Employee Count​

Change YoY (Employee)

Saudization

Q1 2018

4385

(35)

72%

Q2 2018

4332

(19)

72%

Q3 2018

4353

(26)

72%

Q4 2018

4325

(17)

73%

Q1 2019

4317

(68)

73%

Q2 2019

4240

(92)

73%

Q3 2019

4340

(13)

73%

Q4 2019

4348

+23

73%

Q1 2020

4350

+33

73%

Q2 2020

4371

+131

73%

Q3 2020

4417

+77

74%

Q4 2020

4395

+47

75%

Q1 2021

4464

+114

76%

Q2 2021

4491

+120

76%

Q3 2021

4606

+189

77%

Q4 2021

4773

+378

77%

Q1 2022

4784

+320

78%

Q2 2022

5109

+618

77%

Q3 2022

5100

+494

77%

Q4 2022

5252

+479

77%

Q1 2023

5421

+637

77%

Q2 2023

5524

415

75%

Q3 2023

5531

+431

77%

Q4 2023

5689

+437

76%

Q1 2024

5783

+362

77%

Q2 2024

6011

+487

76%

Q3 2024

6226

+695

77%

Q4 2024

6532

+843

77%
*Includes data of those licensed and unlicensed.

 

 

Licensed financial institutions reached 177 by the end of Q4 2024.

 

SNB Capital topped the list with the highest number of employees at 434 and a Saudization rate of 88%. Al Rajhi Capital followed with 307 employees with a 89% Saudization rate during the same period.

 

Number of Employees by Q4 2024-End

Company

Employee Count 

Saudization

SNB Capital

434

88%

Al Rajhi Capital

307

89%

Riyad Capital

304

86%

HSBC Saudi Arabia

270

77%

Saudi Fransi Capital

247

91%

Alawwal Invest

227

78%

Derayah Capital

224

80%

Albilad Investment

211

84%

AlJazira Capital

195

82%

Alinma Investment

191

95%

Jadwa Investment

176

77%

ANB Invest

174

85%

Alistithmar Capital

140

84%

Al Khabeer Capital

123

80%

SEDCO Capital

119

70%

Yaqeen Capital

109

83%

AlKhair Capital Saudi Arabia

90

73%

Blom Invest

86

63%

GIB Capital

85

78%

Musharaka Capital

74

70%

Others

2746

--

Total

6532

77%
 

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