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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