Tadawul trading screen
Three non-bank-affiliated brokerage firms accounted for 65% of the total value of trades executed by Saudi investors in foreign markets during the second quarter of 2025. 
Derayah Financial topped the list with a value of SAR 77.7 billion, representing 40% of the total SAR 196.2 billion in foreign market trades during the quarter.
Sahm Capital came in second with SAR 28.2 billion, capturing a 14% share, followed by Awaed Alosool Capital in third place with SAR 22 billion, accounting for 11% of the total.
Alistithmar Capital ranked fourth with a 10% share, marking the first bank-affiliated brokerage firm on the list.
Ranking of Brokerage Firms by Saudis’ Trades in Foreign Markets (Q2 2025)
Rank
Brokerage Firm
Value
(SAR mln)
% to Total Trades
1
Derayah Financial
77674
40%
2
Sahm Capital
28194
14%
3
Awaed Alosool Capital
22002
11%
4
Alistithmar Capital
19474
10%
5
Riyad Capital
15173
8%
6
Al Rajhi Capital
10318
5%
7
SNB Capital
7506
4%
8
Alinma Capital
3065
2%
9
BSF Capital
2847
2%
10
AlJAzira Capital
2779
1%
11
UBS
2655
1%
12
ANB Capital
1338
1%
13
Merrill Lynch Saudi Arabia
1187
1%
14
SAB Invest
942
0.5%
15
Albilad Capital
880
0.4%
16
Yaqeen Capital
44
0.02%
17
Alkhabeer Capital
38
0.02%
18
Jadwa Investment
34
0.02%
19
Credit Swiss
34
0.02%
20
Audi Capital
28
0.01%
21
Musharaka Capital
3
—
22
Emirates NBD
1
—
Sahm Capital and Awaed Alosool Capital recorded significant growth in their market shares, rising from just 1% and 2%, respectively, in Q1 2024.
Saham Capital is owned by China-based Valuable Capital Group Limited, with a capital of SAR 93.75 million, according to the company’s annual board report at the end of 2024.
Awaed Alosool Capital is owned by Sami Al-Hulwa Capital (30.5%), Muteb Al Mutairi (30.5%), and Sanabil Capital Ltd., a private company, which holds a 39.02% stake. The firm’s capital stood at SAR 82 million as of its 2024 annual report.
Below is a table showing the evolution trading activity by major brokerage firms in foreign markets (Q1 2024 to Q2 2025) (million SAR / share of total)
Company
Q1 2024
Q2 2024
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Derayah Financial
42279 (%66)
35700 (%58)
53835 (%59)
66078 (%63)
58540 (%33)
77674 (40%)
Sahm Capital
415 (1%)
2300 (4%)
7052 (8%)
3803 (4%)
40807 (%23)
28194 (14%)
Awaed Alosool Capital
1489 (2%)
3100 (5%)
5303 (6%)
9223 (9%)
30296 (%17)
22002 (11%)
Alistithmar Capital
1110 (2%)
3058 (5%)
1279 (1%)
1279 (1%)
8002 (5%)
19474 (10%)
Riyad Capital
3937 (6%)
3244 (5%)
4733 (5%)
5499 (5%)
9160 (5%)
15173 (8%)
Al Rajhi Capital
1144 (2%)
1741 (3%)
2977 (3%)
3650 (4%)
8108 (4%)
10318 (5%)
The value of trades executed through local brokerage firms in foreign markets exceeded SAR 196 billion in Q2 2025, marking the highest level on record and an increase of 11% compared to the previous quarter.
Trading Volumes of Brokerage Firms in Foreign Markets
Period
Value (SAR bln)
Change
Q1 2024
63.59
—
Q2 2024
61.87
(3%)
Q3 2024
90.88
+47%
Q4 2024
105.71
+16%
Q1 2025
176.22
+67%
Q2 2025
196.22
+11%
Meanwhile, trades by Saudi investors in US markets accounted for approximately 98.6% of total trading activity in foreign markets.
Geographic Distribution of Trading Value in Foreign Markets
Period
Value (SAR mln)
Percentage (%)
USA
193401
98.6%
GCC
2196
1.1%
Arab Countries
289
0.1%
Europe
157
0.1%
Tadawul trading screen
Three non-bank-affiliated brokerage firms accounted for 65% of the total value of trades executed by Saudi investors in foreign markets during the second quarter of 2025.
Derayah Financial topped the list with a value of SAR 77.7 billion, representing 40% of the total SAR 196.2 billion in foreign market trades during the quarter.
Sahm Capital came in second with SAR 28.2 billion, capturing a 14% share, followed by Awaed Alosool Capital in third place with SAR 22 billion, accounting for 11% of the total.
Alistithmar Capital ranked fourth with a 10% share, marking the first bank-affiliated brokerage firm on the list.
Ranking of Brokerage Firms by Saudis’ Trades in Foreign Markets (Q2 2025)
Rank
Brokerage Firm
Value
(SAR mln)
% to Total Trades
1
Derayah Financial
77674
40%
2
Sahm Capital
28194
14%
3
Awaed Alosool Capital
22002
11%
4
Alistithmar Capital
19474
10%
5
Riyad Capital
15173
8%
6
Al Rajhi Capital
10318
5%
7
SNB Capital
7506
4%
8
Alinma Capital
3065
2%
9
BSF Capital
2847
2%
10
AlJAzira Capital
2779
1%
11
UBS
2655
1%
12
ANB Capital
1338
1%
13
Merrill Lynch Saudi Arabia
1187
1%
14
SAB Invest
942
0.5%
15
Albilad Capital
880
0.4%
16
Yaqeen Capital
44
0.02%
17
Alkhabeer Capital
38
0.02%
18
Jadwa Investment
34
0.02%
19
Credit Swiss
34
0.02%
20
Audi Capital
28
0.01%
21
Musharaka Capital
3
—
22
Emirates NBD
1
—
Sahm Capital and Awaed Alosool Capital recorded significant growth in their market shares, rising from just 1% and 2%, respectively, in Q1 2024.
Saham Capital is owned by China-based Valuable Capital Group Limited, with a capital of SAR 93.75 million, according to the company’s annual board report at the end of 2024.
Awaed Alosool Capital is owned by Sami Al-Hulwa Capital (30.5%), Muteb Al Mutairi (30.5%), and Sanabil Capital Ltd., a private company, which holds a 39.02% stake. The firm’s capital stood at SAR 82 million as of its 2024 annual report.
Below is a table showing the evolution trading activity by major brokerage firms in foreign markets (Q1 2024 to Q2 2025) (million SAR / share of total)
Company
Q1 2024
Q2 2024
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Derayah Financial
42279 (%66)
35700 (%58)
53835 (%59)
66078 (%63)
58540 (%33)
77674 (40%)
Sahm Capital
415 (1%)
2300 (4%)
7052 (8%)
3803 (4%)
40807 (%23)
28194 (14%)
Awaed Alosool Capital
1489 (2%)
3100 (5%)
5303 (6%)
9223 (9%)
30296 (%17)
22002 (11%)
Alistithmar Capital
1110 (2%)
3058 (5%)
1279 (1%)
1279 (1%)
8002 (5%)
19474 (10%)
Riyad Capital
3937 (6%)
3244 (5%)
4733 (5%)
5499 (5%)
9160 (5%)
15173 (8%)
Al Rajhi Capital
1144 (2%)
1741 (3%)
2977 (3%)
3650 (4%)
8108 (4%)
10318 (5%)
The value of trades executed through local brokerage firms in foreign markets exceeded SAR 196 billion in Q2 2025, marking the highest level on record and an increase of 11% compared to the previous quarter.
Trading Volumes of Brokerage Firms in Foreign Markets
Period
Value (SAR bln)
Change
Q1 2024
63.59
—
Q2 2024
61.87
(3%)
Q3 2024
90.88
+47%
Q4 2024
105.71
+16%
Q1 2025
176.22
+67%
Q2 2025
196.22
+11%
Meanwhile, trades by Saudi investors in US markets accounted for approximately 98.6% of total trading activity in foreign markets.
Geographic Distribution of Trading Value in Foreign Markets
Period
Value (SAR mln)
Percentage (%)
USA
193401
98.6%
GCC
2196
1.1%
Arab Countries
289
0.1%
Europe
157
0.1%
