Logo of Capital Market Authority (CMA)
The number of employees at capital market institutions rose by 843 year-on-year (YoY) to 6,532 by the end of the fourth 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 Q4, according to the Capital Market Institutions report.
The table below shows the number of employees at capital market institutions since 2018:
Employees at Capital Market Institutions since 2018*
Period
Employee Count
Change YoY (Employee)
Saudization
Q1 2018
4385
(35)
72%
Q2 2018
4332
(19)
72%
Q3 2018
4353
(26)
72%
Q4 2018
4325
(17)
73%
Q1 2019
4317
(68)
73%
Q2 2019
4240
(92)
73%
Q3 2019
4340
(13)
73%
Q4 2019
4348
+23
73%
Q1 2020
4350
+33
73%
Q2 2020
4371
+131
73%
Q3 2020
4417
+77
74%
Q4 2020
4395
+47
75%
Q1 2021
4464
+114
76%
Q2 2021
4491
+120
76%
Q3 2021
4606
+189
77%
Q4 2021
4773
+378
77%
Q1 2022
4784
+320
78%
Q2 2022
5109
+618
77%
Q3 2022
5100
+494
77%
Q4 2022
5252
+479
77%
Q1 2023
5421
+637
77%
Q2 2023
5524
415
75%
Q3 2023
5531
+431
77%
Q4 2023
5689
+437
76%
Q1 2024
5783
+362
77%
Q2 2024
6011
+487
76%
Q3 2024
6226
+695
77%
Q4 2024
6532
+843
77%
Licensed financial institutions reached 177 by the end of Q4 2024.
SNB Capital topped the list with the highest number of employees at 434 and a Saudization rate of 88%. Al Rajhi Capital followed with 307 employees with a 89% Saudization rate during the same period.
Number of Employees by Q4 2024-End
Company
Employee Count
Saudization
SNB Capital
434
88%
Al Rajhi Capital
307
89%
Riyad Capital
304
86%
HSBC Saudi Arabia
270
77%
Saudi Fransi Capital
247
91%
Alawwal Invest
227
78%
Derayah Capital
224
80%
Albilad Investment
211
84%
AlJazira Capital
195
82%
Alinma Investment
191
95%
Jadwa Investment
176
77%
ANB Invest
174
85%
Alistithmar Capital
140
84%
Al Khabeer Capital
123
80%
SEDCO Capital
119
70%
Yaqeen Capital
109
83%
AlKhair Capital Saudi Arabia
90
73%
Blom Invest
86
63%
GIB Capital
85
78%
Musharaka Capital
74
70%
Others
2746
—
Total
6532
77%
Logo of Capital Market Authority (CMA)
The number of employees at capital market institutions rose by 843 year-on-year (YoY) to 6,532 by the end of the fourth 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 Q4, according to the Capital Market Institutions report.
The table below shows the number of employees at capital market institutions since 2018:
Employees at Capital Market Institutions since 2018*
Period
Employee Count
Change YoY (Employee)
Saudization
Q1 2018
4385
(35)
72%
Q2 2018
4332
(19)
72%
Q3 2018
4353
(26)
72%
Q4 2018
4325
(17)
73%
Q1 2019
4317
(68)
73%
Q2 2019
4240
(92)
73%
Q3 2019
4340
(13)
73%
Q4 2019
4348
+23
73%
Q1 2020
4350
+33
73%
Q2 2020
4371
+131
73%
Q3 2020
4417
+77
74%
Q4 2020
4395
+47
75%
Q1 2021
4464
+114
76%
Q2 2021
4491
+120
76%
Q3 2021
4606
+189
77%
Q4 2021
4773
+378
77%
Q1 2022
4784
+320
78%
Q2 2022
5109
+618
77%
Q3 2022
5100
+494
77%
Q4 2022
5252
+479
77%
Q1 2023
5421
+637
77%
Q2 2023
5524
415
75%
Q3 2023
5531
+431
77%
Q4 2023
5689
+437
76%
Q1 2024
5783
+362
77%
Q2 2024
6011
+487
76%
Q3 2024
6226
+695
77%
Q4 2024
6532
+843
77%
Licensed financial institutions reached 177 by the end of Q4 2024.
SNB Capital topped the list with the highest number of employees at 434 and a Saudization rate of 88%. Al Rajhi Capital followed with 307 employees with a 89% Saudization rate during the same period.
Number of Employees by Q4 2024-End
Company
Employee Count
Saudization
SNB Capital
434
88%
Al Rajhi Capital
307
89%
Riyad Capital
304
86%
HSBC Saudi Arabia
270
77%
Saudi Fransi Capital
247
91%
Alawwal Invest
227
78%
Derayah Capital
224
80%
Albilad Investment
211
84%
AlJazira Capital
195
82%
Alinma Investment
191
95%
Jadwa Investment
176
77%
ANB Invest
174
85%
Alistithmar Capital
140
84%
Al Khabeer Capital
123
80%
SEDCO Capital
119
70%
Yaqeen Capital
109
83%
AlKhair Capital Saudi Arabia
90
73%
Blom Invest
86
63%
GIB Capital
85
78%
Musharaka Capital
74
70%
Others
2746
—
Total
6532
77%
