Logo ofthe 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 third 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**
Number of employees
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 Saudization rate of 67% during the same period.
Meanwhile, nine companies achieved 100% Saudization.
Number of Employees by end of Q32024
Company
Number of Employees
Saudization
SNB Capital
414
89%
HSBC Saudi Arabia
309
67%
Riyad Capital
291
86%
Al Rajhi Capital
289
88%
Saudi Fransi Capital
238
91%
Alawwal Invest
224
77%
Albilad Capital
206
84%
Derayah Financial
197
83%
AlJazira Capital
190
81%
Alinma Invest
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%
Logo ofthe 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 third 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**
Number of employees
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 Saudization rate of 67% during the same period.
Meanwhile, nine companies achieved 100% Saudization.
Number of Employees by end of Q32024
Company
Number of Employees
Saudization
SNB Capital
414
89%
HSBC Saudi Arabia
309
67%
Riyad Capital
291
86%
Al Rajhi Capital
289
88%
Saudi Fransi Capital
238
91%
Alawwal Invest
224
77%
Albilad Capital
206
84%
Derayah Financial
197
83%
AlJazira Capital
190
81%
Alinma Invest
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%
