Tadawul’s March 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 27th consecutive month, capturing 18.9 percent of March’s SAR 387.9 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 14.3 percent of the market in March, while NCB Capital came third, with 12.1 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 (March 2014)
Trading (%)	Tradingvalue(SAR) (billion)	Brokerage firms	Number
18.9%	73.21	Al jazira Capital	1
14.3%	55.54	Al Rajhi Capital	2
12.1%	46.74	NCB Capital	3
9.6%	37.36	HSBC	4
9.4%	36.57	Samba Capital	5
6.9%	26.57	Saudi Fransi Capital	6
6.1%	23.78	Riyad Capital	7
5.3%	20.46	ANB Invest	8
4.3%	16.53	Alistithmar Capital	9
2.3%	9.08	Derayah Capital	10
1.9%	7.21	Alinma Investment	11
1.8%	6.96	Falcom Financial Services	12
1.8%	6.89	Saudi Hollandi Capital	13
1.5%	5.62	Albilad Investment Co.	14
0.8%	3.19	Aloula Geojit Capital	15
0.7%	2.52	Al-Nefaie Investment	16
0.4%	1.59	Morgan Stanley	17
0.4%	1.48	Hermes KSA	18
0.3%	1.22	Osool Capital	19
0.2%	0.84	Credit Suisse Saudi Arabia	20
0.2%	0.81	Merrill Lynch KSA Co	21
0.2%	0.74	Middle East Financial Investment Co. (MEFIC)	22
0.2%	0.56	Muscat Capital Co.	23
0.1%	0.55	Jadwa Investment	24
0.1%	0.54	Arbah Capital	25
0.1%	0.50	Audi Capital	26
0.09%	0.35	Deutsche Securities	27
0.07%	0.29	Emirates NBD Capital KSA LLC	28
0.06%	0.22	Al-Khair Capital Saudi Arabia	29
0.01%	0.02	The Investor Co. for Securities	30

The following table shows brokerage firms’ rankings in 2014

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

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