Saudization in CMA-authorized financial institutions reaches 76% in Q2 2021

28/09/2021 Argaam Special

Logo of the Capital Market Authority (CMA)


The number of employees at the financial institutions authorized by the Capital Market Authority (CMA) reached 4,491 in Q2 2021, an increase of 27 employees quarter-on-quarter (QoQ), according to the market regulator's data.

 

The Saudization rate at these institutions stood at 76% in the second quarter of the year.

 

The following table illustrates the number of employees at the 105 CMA-authorized financial institutions since the beginning of 2017:

 

Employees at Brokerage Firms

Period

Number of employees

Saudi employees (%)

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%

 

 

The number of authorized institutions reached 101 in Q2 2021. HSBC Saudi Arabia was ranked first in terms of the highest number of employees reaching 283, with a Saudization rate of 80%. It was followed by Riyad Capital with 275 employees and a Saudization rate of 88%.

 

Merak Capital, Raed Advanced Investments Co., Joa Capital and Razeen Capital achieved 100% Saudization rate, followed by Alinma Investment with 95%, and Samba Capital with 91%.

 

Number of Employees at Authorized Financial Institutions By Firm in Q2 2021

Company

Number of Employees

Saudization rate

Merak Capital

11

 100%

Raed Advanced Investments

4

 100%

Joa Capital

1

100%

Razeen Capital

4

100%

Alinma Investment

147

 95%

Samba Capital

166

 91%

Al Rajhi Capital

212

 90%

Arch Capital

9

 89%

Riyad Capital

275

 88%

The Family Office

17

 88%

SNB Capital

262

 88%

Ehata Financial

8

 88%

Albilad Capital

141

 87%

National Bonds

19

 84%

Impact Capital

12

 83%

Alkhair Capital

106

 83%

ANB Invest

135

 82%

AlJazira Capital

177

 82%

Derayah Financial

164

 82%

GIB Capital

59

 81%

HSBC Saudi Arabia

283

 80%

Saudi Fransi Capital

246

 80%

Darfin Capital

15

 80%

Alawwal Invest

54

 80%

Alistithmar Capital

136

 79%

Alpha Capital

33

 79%

Adeem Capital

14

 79%

JP Morgan

37

 78%

Value Capital Partners

13

 77%

Miyar Capital

13

 77%

Al Nefaie Investment

43

 77%

NBK Wealth Management

38

 76%

Alkhabeer Capital

88

 76%

Wasatah Capital

33

 76%

FALCOM Financial Services

82

 76%

SEDCO Capital

93

 75%

Burrak AlKhail Financial

4

 75%

Mulkia Investment

24

 75%

KASB Capital

16

 75%

Citigroup Saudi Arabia

27

 74%

Rekaz National Capital

15

 73%

Ashmore Saudi Arabia

22

 73%

Osool & Bakheet

51

 73%

Tharwat for Financial Securities

25

 72%

Bait Al Mal Alkhaleeji

14

 71%

Bayt Alnomow Capital

7

 71%

NOMW Capital

24

 71%

Standard Chartered Capital

10

 70%

Malaz Capital

29

 69%

MEFIC Capital

32

 69%

Goldman Sachs

19

 68%

Northern Trust

19

 68%

Jadwa Investment

122

 68%

Gulf Investors Asset Management

9

 67%

Musharaka Capital

39

 67%

Watheeq Financial Services

12

 67%

Audi Capital

29

 66%

Deutsche Securities Saudi Arabia

25

 64%

Arbah Capital

47

 64%

Al-Dakheel Financial

11

 64%

First Abu Dhabi Investment

11

 64%

Emirates NBD Capital

22

 64%

99 Hlalah Financial

11

 64%

Alawwal Capital

27

 63%

Esnad Advisory

8

 63%

BNY Mellon Saudi Financial

8

 63%

Merrill Lynch Kingdom of Saudi Arabia

21

 62%

Sidra Capital

51

 61%

State Street Saudi Arabia

10

 60%

Anfaal Capital

12

 58%

BNP Paribas Investment

12

 58%

Kamco Invest

19

 58%

Greenstone

7

 57%

Saudi Kuwaiti Finance House

23

 57%

Aloula Geojit Capital

9

 56%

BlackRock Saudi Arabia

11

 55%

Amwal Financial Consultants

13

 54%

Morgan Stanley

28

 54%

BlomInvest Saudi Arabia

43

 53%

UBS Saudi Arabia

17

 53%

Itqan Capital

19

 53%

Investcorp Saudi Arabia

16

 50%

Tanmia Capital

6

 50%

Credit Suisse Saudi Arabia

41

 49%

Muscat Capital

23

 48%

SaudiMed Investment

15

 47%

Mizuho Financial

11

 45%

Team One

11

 45%

Societe Generale Saudi Arabia

11

 45%

EFG Hermes KSA

40

 45%

Ithmar Saudi Financial Consultancy

9

 44%

Areeb Capital

17

 41%

FIM Partners

5

 40%

GFH Capital

10

 40%

Swicorp

33

 39%

SHUAA Capital

18

 39%

BMG Financial Group

17

 35%

SMBC Advisory Services Saudi Arabia

6

 33%

KKR Saudi

3

 33%

Ertikaa Capital

3

 33%

Crédit Agricole CIB

6

 33%

Natixis Saudi Arabia

7

 29%

Lazard Saudi Arabia

8

 25%

Saudi Venture Capital Investment

7

 14%

SICO Financial Saudi

--

--

Advance Vision Investment

--

--

Asyaf Investment

--

--

Tamra Capital

--

--

Moelis & Company

3

--

Dirham Capital

1

--

Total

4 ,491

 76%

 

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