Al Rajhi Capital topped the list of brokerage firms operating in Saudi Arabia in April, accounting for nearly16.2%(about SAR 40.9 billion) of total transactions on the Saudi Exchange (Tadawul).
SNB Capital came in second with14.9%(around SAR 37.5 billion), followed byMerrill Lynch Saudi Arabiawith 9.7%(SAR 24.5 billion). 
Saudi Brokerage Firms (TASI – April 2025)
Rank
Brokerage Firm
Traded Value
(SAR bln)
Market Share
1
Al Rajhi Capital
40.90
16.2%
2
SNB Capital
37.51
14.9%
3
Merrill Lynch Saudi Arabia
24.45
9.7%
4
Morgan Stanley
21.33
8.5%
5
Derayah Financial
15.21
6.0%
6
JP Morgan Saudi Arabia
12.42
4.9%
7
Goldman Sachs Saudi Arabia
11.94
4.7%
8
AlJazira Capital
11.44
4.5%
9
Riyad Capital
11.19
4.4%
10
HSBC Saudi Arabia
8.44
3.4%
11
EFG Hermes
7.50
3.0%
12
SAB Invest
7.11
2.8%
13
ANB Invest
6.62
2.6%
14
Fransi Capital
6.56
2.6%
15
Alinma Investment
5.94
2.4%
16
Alistithmar Capital
5.25
2.1%
17
Sahm Capital
4.60
1.8%
18
Albilad Investment
3.74
1.5%
19
Credit SuisseSaudi Arabia
2.04
0.8%
20
Yaqeen Capital
1.25
0.5%
21
Citigroup Saudi Arabia
1.22
0.5%
22
Alkhabeer Capital
0.90
0.4%
23
Musharaka Capital
0.75
0.3%
24
Alkhair Capital
0.61
0.2%
25
GIB Capital
0.58
0.2%
26
Jadwa Investment
0.52
0.2%
27
SICO Capital
0.48
0.2%
28
Emirates NBD Capital
0.44
0.2%
29
Arbah Capital
0.34
0.1%
30
Al-Nefaie Investment
0.30
0.1%
31
Osool Bakheet Investment
0.21
0.1%
32
AwaedAlosool Capital
0.12
0.1%
33
Deutsche Securities
—
—
Total
251.91
% 100.0
Al Rajhi Capital topped the list of brokerage firms operating in Saudi Arabia in April, accounting for nearly16.2%(about SAR 40.9 billion) of total transactions on the Saudi Exchange (Tadawul).
SNB Capital came in second with14.9%(around SAR 37.5 billion), followed byMerrill Lynch Saudi Arabiawith 9.7%(SAR 24.5 billion).
Saudi Brokerage Firms (TASI – April 2025)
Rank
Brokerage Firm
Traded Value
(SAR bln)
Market Share
1
Al Rajhi Capital
40.90
16.2%
2
SNB Capital
37.51
14.9%
3
Merrill Lynch Saudi Arabia
24.45
9.7%
4
Morgan Stanley
21.33
8.5%
5
Derayah Financial
15.21
6.0%
6
JP Morgan Saudi Arabia
12.42
4.9%
7
Goldman Sachs Saudi Arabia
11.94
4.7%
8
AlJazira Capital
11.44
4.5%
9
Riyad Capital
11.19
4.4%
10
HSBC Saudi Arabia
8.44
3.4%
11
EFG Hermes
7.50
3.0%
12
SAB Invest
7.11
2.8%
13
ANB Invest
6.62
2.6%
14
Fransi Capital
6.56
2.6%
15
Alinma Investment
5.94
2.4%
16
Alistithmar Capital
5.25
2.1%
17
Sahm Capital
4.60
1.8%
18
Albilad Investment
3.74
1.5%
19
Credit SuisseSaudi Arabia
2.04
0.8%
20
Yaqeen Capital
1.25
0.5%
21
Citigroup Saudi Arabia
1.22
0.5%
22
Alkhabeer Capital
0.90
0.4%
23
Musharaka Capital
0.75
0.3%
24
Alkhair Capital
0.61
0.2%
25
GIB Capital
0.58
0.2%
26
Jadwa Investment
0.52
0.2%
27
SICO Capital
0.48
0.2%
28
Emirates NBD Capital
0.44
0.2%
29
Arbah Capital
0.34
0.1%
30
Al-Nefaie Investment
0.30
0.1%
31
Osool Bakheet Investment
0.21
0.1%
32
AwaedAlosool Capital
0.12
0.1%
33
Deutsche Securities
—
—
Total
251.91
% 100.0
