Capital market institutions employ 6,226 by Q3-end; Saudization at 77%: CMA

Logo of the Capital Market Authority (CMA)

The number of employees at capital market institutions rose by 215 quarter-on-quarter (QoQ) to 6,226 by the end of the third 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 the same quarter, according to the Capital Market Institutions Report.

The table below shows the number of employees at capital market institutions since 2017:

Employees at Capital Market Institutions since 2017*
Period	Employee Count	Saudization
Q1 2017	4420	70%
Q2 2017	4351	70%
Q3 2017	4379	70%
Q4 2017	4342	71%
Q1 2018	4385	72%
Q2 2018	4332	72%
Q3 2018	4353	72%
Q4 2018	4325	73%
Q1 2019	4317	73%
Q2 2019	4240	73%
Q3 2019	4340	73%
Q4 2019	4348	73%
Q1 2020	4350	73%
Q2 2020	4371	73%
Q3 2020	4417	74%
Q4 2020	4395	75%
Q1 2021	4464	76%
Q2 2021	4491	76%
Q3 2021	4606	77%
Q4 2021	4773	77%
Q1 2022	4784	78%
Q2 2022	5109	77%
Q3 2022	5100	77%
Q4 2022	5252	77%
Q1 2023	5421	77%
Q2 2023	5524	75%
Q3 2023	5531	77%
Q4 2023	5689	76%
Q1 2024	5783	77%
Q2 2024	6011	76%
Q3 2024	6226	77%

*Includes data of those licensed and unlicensed.

The number of capital market institutions reached nearly 164 by the end of the third quarter of 2024.

SNB Capital topped the list by number of employees with 414 and a Saudization rate of 89%. HSBC Saudi Arabia followed with 309 employees and a 67% Saudization rate during the same period.

Meanwhile, nine companies achieved 100% Saudization.

Number of Employees by Q3 2024-End
Company	Employee Count	Saudization
SNB Capital	414	89%
HSBC Saudi Arabia	309	67%
Riyad Capital	291	86%
Al Rajhi Capital	289	88%
Saudi Fransi Capital	238	91%
SAB Invest	224	77%
Albilad Capital	206	84%
Derayah Financial	197	83%
AlJazira Capital	190	81%
Alinma Investment	183	95%
ANB Capital	169	86%
Jadwa Investment	162	77%
Alistithmar Capital	143	83%
Alkhabeer Capital	121	82%
Yaqeen Capital	110	83%
SEDCO Capital	106	78%
Alkhair Capital	89	73%
GIB Capital	87	79%
Blominvest Saudi Arabia	79	59%
Sahm Capital	71	76%
Others	2548	--
Total	6226	77%

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