AI Summary
The combined earnings of Saudi brokerage firms fell 8 percent year-on-year (YoY) to SAR 1.59 billion in 2017, data from the Capital Market Authority (CMA), the Kingdom’s market regulator, showed.
The decline was attributed to a YoY decline of 8 percent in revenue to SAR 5.04 billion in the same period.
The number of brokerage firms operating in the Kingdom decreased to 82 from 83 in 2016.
|
Income Statement (SAR mln) |
|||
|
Period |
2016 |
2017 |
Variation |
|
Revenue |
5,492.4 |
5,042.9 |
(8%) |
|
Opex |
3,672.4 |
3,372.5 |
(8%) |
|
Operating income |
1,820.0 |
1,670.3 |
(8%) |
|
Other income |
34.7 |
57.5 |
+66% |
|
Profit/loss of minority interest |
1.2 |
0.9 |
(21%) |
|
Net profit |
1,720.6 |
1,590.0 |
(8%) |
Combined assets grew by 4 percent YoY to SAR 28.3 billion. Shareholders’ equity, however, slipped 0.1 percent YoY to SAR 21.46 billion.
|
Balance Sheet (SAR mln) |
|||
|
Period |
2016 |
2017 |
Variation |
|
Assets |
27,274.1 |
28,342.4 |
+4% |
|
Liabilities |
5,606.3 |
6,461.4 |
+23% |
|
Capital |
15,921.2 |
15,437.3 |
(3%) |
|
Shareholders’ equity |
21,475.0 |
21,459.1 |
-- |
Brokerage firms completed SAR 1.71 trillion worth of transactions in different equity markets in 2017, a drop of 27 percent YoY.
The firms’ transactions accounted for 97.9 percent of total trading activity on the Saudi market.
Labor force in brokerage firms declined 2 percent YoY to 4,342 persons in 2017, with the Saudization rate standing at 70 percent in the same period.
|
Trading Value by Region (SAR mln) |
||
|
Market |
Trading Value |
Percent to total trading value |
|
Local Market |
1,676,103 |
97.86% |
|
GCC |
2,993 |
0.17% |
|
Arab countries |
256 |
0.01% |
|
Asia |
15 |
0.00% |
|
US |
31,020 |
1.81% |
|
Europe |
1,222 |
0.07% |
|
Others |
1,104 |
0.16% |
|
Total |
1,712,714 |
100.00% |
|
Trading Value by Region (SAR mln) |
||||
|
Market |
Trading Value (SAR mln) |
Variation |
Percent to total trading value |
|
|
|
2016 |
2017 |
|
|
|
Local Market |
2,313,975 |
1,676,103 |
(28%) |
97.86% |
|
GCC |
4,685 |
2,993 |
(36%) |
0.17% |
|
Arab countries |
101 |
256 |
+153% |
0.01% |
|
Asia |
16 |
15 |
(6%) |
0.00% |
|
US |
24,304 |
31,020 |
+28% |
1.81% |
|
Europe |
710 |
1,222 |
+72% |
0.07% |
|
Others |
852 |
1,104 |
+30% |
0.16% |
|
Total |
2,344,641 |
1,712,714 |
(7%) |
100.00% |
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