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% |
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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