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FinancialNews
09-01-23
Capital market institutions record 77 percent Saudization in July-September period 2022
(MENAFN) The level of Saudization in capital market institutions amounted to 77 percent in the July-September period of this year, as the nation progressively forced its localization policy along with the targets highlighted in its Vision 2030, as shown by the most recent figures from the Capital Market Authority.
In line with the CMA’s quarterly report, nine capital market institutions which involve Merak Capital, Razeen Capital, JOA Capital, Sadu Capital, Sadeed Financial, Mashoura Capital, Rawasi Advanced Investment, Afaq Capital as well as Jadara Investment recorded 100 percent Saudization in the stated three-month period.
With more than 155 workers, Alinma Invest managed to achieve maintaining a Saudization level of 95 percent, whereas SNB Capital as well as Riyad Capital each recorded 89 percent Saudi nationals in their staff.
The CMA figures additionally pointed out that the figure of workers at capital market institutions reached an amount of 5,100 by the end of the July-September period, denoting a quarter-on-quarter fall of nine employees.
MENAFN09012023000045014228ID1105399729
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