AI Summary
Logo of Capital Market Authority (CMA)
The Capital Market Authority (CMA) posted SAR 1.81 billion in revenue for 2024, a rise of 50% year-on-year (YoY), the Saudi market regulator’s annual report showed.
Actual expenses rose 11% YoY to SAR 970.3 million last year.
The following table shows CMA’s financial performance in 2024:
|
CMA Financial Performance (SAR mln) |
||||
|
Item |
2023 |
2024 |
Change in Value |
Change (%) |
|
Revenue |
1212.6 |
1813.8 |
+601.2 |
+50% |
|
Actual expenses |
873.1 |
970.3 |
+97.2 |
+11% |
Surplus from core operations stood at SAR 843.5 million in 2024; the highest in the last three years.
|
Surplus (SAR mln) |
|||
|
Item |
Expenses |
Revenue |
Surplus |
|
Surplus from core operations |
970.3 |
1813.8 |
+843.5 |
The market regulator generated SAR 1.128 billion in revenue from stock trading commissions, up 40% YoY, making nearly 62% of total revenue.
The market turnover increased by 40% YoY to SAR 1.862 trillion, with an average daily trading value of around SAR 7.45 billion.
Revenue from trading services and activities rose 9% YoY to SAR 174.5 million. Meanwhile, revenue recorded from market violation fines and penalties jumped 282% YoY.
|
Revenue Details (SAR mln) |
|||
|
Item |
2023 |
2024 |
Change (%) |
|
Stock trading commissions |
804.8 |
1128.3 |
+40% |
|
Trading services and CMA activities |
160.5 |
174.5 |
+9% |
|
Violations of rules and executive regulations |
68.3 |
261.2 |
+282% |
|
Revenue from exchange transactions |
179.0 |
249.9 |
+40% |
|
Total |
1212.6 |
1813.8 |
+50% |
The CMA’s employee expenses reached SAR 651.1 million, accounting for 67% of total spending last year.
The regulator has 817 employees, a rise of 4% YoY.
|
Expenditure Details (SAR mln) |
|||
|
Item |
2023 |
2024 |
Change (%) |
|
Staff salaries and benefits |
611.4 |
651.1 |
+6% |
|
General and administrative expenses |
170.4 |
209.9 |
+23% |
|
Staff training and scholarships |
52.2 |
60.4 |
+16% |
|
Professional services and consultancies |
18.7 |
31.5 |
+68% |
|
Depreciation and amortization |
20.4 |
17.4 |
(15%) |
|
Total |
873.1 |
970.3 |
+11% |
Founded in 2003, the CMA is a government organization with full financial, legal, and administrative independence, and is directly subject to the prime minister. Its fiscal year starts on January 1 and ends on December 31 of each year.
The financial resources of CMA comprise fees of services, as well as commissions charged, fees for using its facilities, returns on its funds and proceeds of the assets’ sale, fines and financial penalties imposed on market violators, government funds to CMA, and any other resources determined by the board including (registration, listing or trading of securities, brokerages’ licensing and investment funds’ registration).
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