The Capital Market Authority (“CMA") issued a detailed report on the fourth quarter (Q4) of 2022 on the Market Institutions under CMA supervision. The publication of the report aims at promoting confidence and raising the level of transparency and disclosure in the capital market, in addition to serving researchers and followers of the capital market by providing accessing detailed data on the sector, its activities and variables.

The report provides detailed data on the entities that are subject to CMA supervision, including workforce, capital adequacy in the practices of dealing, management and custody, value of brokers' trading in the Saudi capital market, value of assets under management of licensed capital market institutions, public and private funds, complaint data against the licensed capital market institutions and availability of brokerage service.

The data showed that the rate of Saudization in the capital market institutions settled around 77% in Q4 of 2022. Also, the rate of Saudization in the Credit Rating Agencies recorded a notable high reaching 44% in Q4 of 2022, compared to 26% in Q4 of 2021.

Further, the rate of Saudization in the market's key infrastructure institutions climbed to 91% in Q4 of 2022, compared to 90% in Q4 of 2021. The rate of Saudization in the Financial Technology (FinTech) companies reached 76% in Q4 of 2022, compared to 73% in Q4 of 2021.

The size of assets under management in the capital market institutions reached SAR 743.3 billion in Q4 of 2022, compared to SAR 758.6 billion in Q4 of 2021.

The number of public and private investment funds surged 25%, bringing the number of funds to 941 funds in Q4 of 2022, compared to 751 funds in Q4 of 2021. Also, the size of assets under the custody activity in the capital market institutions licensed to practice custody activity reached SAR 1.67 trillion in Q4 of 2022.

The capital market institutions' trading values in practicing dealing activity in the capacity of an agent amounted to SAR 619 billion in Q4 of 2022, the stake of the main market thereof reached SAR 614.3 billion and value of “Nomu" trading reached about SAR 4.7 billion.

 As for the financial technology (FinTech), 3 companies received the Financial Technology Experimental Permit (FinTech ExPermit) in Q4 of 2022. Also, FinTech ExPermit applications reached 10 applications in Q4 of 2022.

The report details can be viewed via the following link: