Number of Saudi private companies crosses 1 mln in Q2 2018

08/11/2018 Argaam Special

 

The total number of private sector entities operating in Saudi Arabia reached 1.01 million in Q2 2018, according to data issued by the General Authority of Statistics.

 

Entities operating in the wholesale and retail trade represented 47 percent of total private sector entities in Q2.

 

The Number of Private Sector Entities by Activity

Activity

Number of entities (‘000)

Share %

Wholesale & Retail Trade

472.59

 47%

Manufacturing

108.74

 11%

Residence & Food

103.84

10%

Agriculture, Forestry & Fishing

89.77

 9%

Other services

78.90

 8%

Real estate

34.76

 3%

Construction

34.12

 3%

Admin. Services & Support

21.45

 2%

Transportation & Storage

16.69

 2%

Professional Activities

12.69

 1%

Education

9.33

 1%

Finance & Insurance

6.63

 1%

Health & Social Work

5.83

 1%

IT & Telecom

5.62

 1%

Water Supply & Sanitation

2.44

 0.2%

Arts & Entertainment

2.42

 0.2%

Electricity & Gas

0.78

 0.1%

Mining & Quarrying

0.67

 0.1%

Total

1007.27

100 %

 

The number of Saudis working in the private sector rose 5.7 percent to 1.79 million in Q2, compared to 1.69 million in the same quarter last year, the fastest growth pace since the authority started collecting data.

 

Employees - both Saudi and non-Saudi – working in Saudi private entities rose by 3.6 percent compared to Q2 2017.

 

Employees Working in Private Sector

Period

Saudis

(million employees)

YoY variation

Non-Saudis

(million employees)

YoY variation

Q1 2016

1.68

--

6.29

--

Q2 2016

1.68

--

6.29

--

Q3 2016

1.68

--

6.30

--

Q4 2016

1.69

--

6.30

--

Q1 2017

1.70

+1.0%

6.34

+0.8%

Q2 2017

1.69

+0.7%

6.33

+0.7%

Q3 2017

1.70

+1.0%

6.31

+0.3%

Q4 2017

1.73

+2.6%

6.33

+0.5%

Q1 2018

1.74

+2.6%

6.34

(0.04%)

Q2 2018

1.79

+5.7%

6.56

+3.6%

 

Compensation paid to employees rose by 8.7 percent to SAR 74.63 billion in Q2 2018, compared to SAR 68.63 billion in Q2 2017.

 

The average compensations grew by 5 percent during the same period.

 

Employees’ compensations include all dues paid to employees such as salaries and wages in addition to benefits and allowances, according to the Statistics Authority.

 

Compensations Paid by Private Sector

Period

Total compensation (SAR bln)*

Variation

Average compensation (SAR)*

Variation

Q1 2016

68.13

--

3,613

--

Q2 2016

68.09

--

3,610

--

Q3 2016

68.13

--

3,607

--

Q4 2016

68.53

--

3,625

--

Q1 2017

68.90

+1.1%

3,623

+0.3%

Q2 2017

68.63

+0.8%

3,613

+0.1%

Q3 2017

68.14

+0.0%

3,599

(0.2%)

Q4 2017

68.63

+0.2%

3,613

(0.3%)

Q1 2018

68.92

+0.02%

3,624

+0.1%

Q2 2018

74.63

+8.7%

3,794

+5.0%

* Includes both Saudis and non-Saudis.

 

Private entities generated revenue of SAR 876.81 billion during the second quarter, a 9.9 percent increase. Operating surplus reached SAR 455.18 billion.

 

Operating revenue refers to realized cash revenue resulting from practicing the entities’ main activities, as well as other secondary activities, while operating surplus is equal to total revenue minus total expenses and compensations.

 

The Statistics Authority collects data for “Economic Indices Survey” all over the Kingdom’s districts with a special focus on cities rather than villages. This is because cities contain about 84 percent of total entities in Saudi Arabia and employ almost 91 percent of total employees within the Kingdom.

 

Operating Revenue & Operating Surplus

Period

Operating revenue

 (SAR bln)

Variation

Operating Surplus

(SAR bln)

Variation

Q1 2016

726.02

--

345.83

--

Q2 2016

733.58

--

352.64

--

Q3 2016

743.67

--

363.77

--

Q4 2016

752.70

--

370.99

--

Q1 2017

799.26

+10.1%

413.00

+19.4%

Q2 2017

797.94

+8.8%

414.32

+17.5%

Q3 2017

814.55

+9.5%

423.73

+16.5%

Q4 2017

807.12

+7.2%

414.66

+11.8%

Q1 2018

824.12

+3.1%

426.05

+3.2%

Q2 2018

876.81

+9.9%

455.18

+9.9%

 

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