Tadawul’s April brokerage firms’ market share report: Al-Jazeera Capital maintains the lead

Al-Jazeera Capital, a joint stock brokerage firm that offers sharia-compliant products, maintained the lead among brokerage companies operating in the Saudi Stock Exchange for the 28th consecutive month, capturing 17.3 percent of April’s SAR 464.6 billion trading, according to a report by Tadawul, the Saudi bourse.

Al-Rajhi Capital, the investment banking arm of Saudi Arabia’s top listed lender, al-Rajhi bank, had 15.3 percent of the market in April, while NCB Capital came third, with 12.8 percent market share.

The value of the brokerage fees earned by firms is twice as much as that announced by Tadawul because the brokers earn fees from both the buyers and sellers.

Brokerage firms market shares (April 2014)
Trading (%)	Trading value(SAR billion)	Brokerage firms	Number
17.3%	80.18	Al jazira Capital	1
15.3%	71.27	Al Rajhi Capital	2
12.8%	59.61	NCB Capital	3
9.5%	44.17	Samba Capital	4
9.4%	43.85	HSBC	5
7.3%	33.93	Saudi Fransi Capital	6
5.9%	27.46	Riyad Capital	7
5.1%	23.83	ANB Invest	8
4.2%	19.56	Alistithmar Capital	9
2.8%	13.17	Derayah Capital	10
2.1%	9.63	Falcom Financial Services	11
1.7%	7.94	Saudi Hollandi Capital	12
1.5%	7.14	Albilad Investment Co.	13
0.9%	4.14	Alinma Investment	14
0.8%	3.56	Aloula Geojit Capital	15
0.7%	3.04	Al-Nefaie Investment	16
0.4%	1.66	Osool Capital	17
0.3%	1.47	Hermes KSA	18
0.3%	1.41	Jadwa Investment	19
0.2%	1.09	Merrill Lynch KSA Co	20
0.2%	1.04	Morgan Stanley	21
0.2%	0.83	Deutsche Securities	22
0.2%	0.79	Credit Suisse Saudi Arabia	23
0.2%	0.75	Middle East Financial Investment Co. (MEFIC)	24
0.2%	0.73	Al-Khair Capital Saudi Arabia	25
0.2%	0.72	Audi Capital	26
0.2%	0.68	Arbah Capital	27
0.1%	0.67	Muscat Capital Co.	28
0.04%	0.20	Emirates NBD Capital KSA LLC	29
0.01%	0.05	The Investor Co. for Securities	30

The following table shows brokerage firms’ rankings in 2014

Brokerage firms ranking 2014
January	February	March	April	Brokerage firms
1	1	1	1	Al jazira Capital
2	2	2	2	Al Rajhi Capital
3	3	4	5	HSBC
4	4	3	3	NCB Capital
5	5	5	4	Samba Capital
6	6	6	6	Saudi Fransi Capital
7	7	7	7	Riyad Capital
8	8	8	8	ANB Invest
9	9	9	9	Alistithmar Capital
10	10	10	10	Derayah Capital
11	11	12	11	Falcom Financial Services
12	12	13	12	Saudi Hollandi Capital
13	13	14	13	Albilad Investment Co.
14	14	11	14	Alinma Investment
15	15	15	15	Aloula Geojit Capital
16	18	18	18	Hermes KSA
17	21	24	19	Jadwa Investment
18	17	16	16	Al-Nefaie Investment
19	20	21	20	Merrill Lynch KSA Co
20	16	20	23	Credit Suisse Saudi Arabia
21	19	17	21	Morgan Stanley
22	25	29	25	Al-Khair Capital Saudi Arabia
23	23	22	24	Middle East Financial Investment Co. (MEFIC)
24	22	19	17	Osool Capital
25	24	27	22	Deutsche Securities
26	26	23	28	Muscat Capital Co.
27	28	26	26	Audi Capital
28	29	25	27	Arbah Capital
29	27	28	29	Emirates NBD Capital KSA LLC
30	30	30	30	The Investor Co. for Securities

Brokerage Firm Rankings in Saudi Market

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