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Logo of Capital Market Authority (CMA)
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% |
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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