Broker Flow Intelligence
Saudi Exchange (Tadawul) monthly member activity — March 2026. Broker market share, institutional vs retail flow analysis, and foreign capital flow tracking.
Total Value Traded
SAR 207.8B
Main Market
Internet (Retail) %
43.3%
of main market value
Foreign Flow Proxy
47.8%
international banks' share
Top 3 Concentration
40.7%
of main market value
Foreign Flow Proxy
International banks (Morgan Stanley, Merrill Lynch, JP Morgan, Goldman Sachs, HSBC, Citi, Credit Suisse, EFG Hermes, Emirates NBD) handle 47.8% of main market value but only 2.1% of internet (retail) trading. The gap indicates 45.7% of their activity is institutional/foreign flow.
Total Market Share (all channels)
SAR 99.4B
Internet (Retail) Share
SAR 1.9B
Market Share by Broker Type
Activity by Market Segment
Main Market — Broker Rankings
| # | Broker | Value Traded | Share | Market Share |
|---|---|---|---|---|
| 1 | Morgan Stanley Saudi Arabia Company(Morgan Stanley) | SAR 30.0B | 14.5% | |
| 2 | SNB Capital(Saudi National Bank) | SAR 29.1B | 14.0% | |
| 3 | Al Rajhi Capital(Al Rajhi Bank) | SAR 25.4B | 12.2% | |
| 4 | Merrill Lynch KSA Company(Bank of America) | SAR 19.3B | 9.3% | |
| 5 | J.P. Morgan Saudi Arabia Limited(JPMorgan Chase) | SAR 15.1B | 7.3% | |
| 6 | Goldman Sachs Saudi Arabia(Goldman Sachs) | SAR 14.0B | 6.7% | |
| 7 | EFG_Hermes KSA(EFG Hermes (Egypt)) | SAR 9.3B | 4.5% | |
| 8 | Derayah Financial Company | SAR 8.3B | 4.0% | |
| 9 | Riyad Capital(Riyad Bank) | SAR 7.1B | 3.4% | |
| 10 | HSBC Saudi Arabia(HSBC) | SAR 6.4B | 3.1% | |
| 11 | Alistithmar For Financial Securities and Brokerage Company(Saudi Investment Bank) | SAR 6.0B | 2.9% | |
| 12 | AlJazira Capital Company(Bank AlJazira) | SAR 5.5B | 2.6% | |
| 13 | ANB Capital(Arab National Bank) | SAR 5.1B | 2.5% | |
| 14 | Saudi Fransi Capital(Banque Saudi Fransi) | SAR 4.7B | 2.3% | |
| 15 | Alinma Capital(Alinma Bank) | SAR 4.4B | 2.1% | |
| 16 | Sahm Capital Financial Company | SAR 3.5B | 1.7% | |
| 17 | SAB Invest(Saudi Awwal Bank (HSBC SA)) | SAR 3.4B | 1.6% | |
| 18 | CitiGroup Saudi Arabia(Citigroup) | SAR 2.5B | 1.2% | |
| 19 | AlBilad Investment Co.(Bank AlBilad) | SAR 2.4B | 1.1% | |
| 20 | Credit Suisse Saudi Arabia(UBS) | SAR 2.1B | 1.0% | |
| 21 | Musharaka Capital | SAR 890M | 0.4% | |
| 22 | Emirates NBD Capital KSA LLC(Emirates NBD (UAE)) | SAR 699M | 0.3% | |
| 23 | Yaqeen Capital | SAR 636M | 0.3% | |
| 24 | Jadwa Investment | SAR 536M | 0.3% | |
| 25 | Awaed Alosool Capital | SAR 324M | 0.2% | |
| 26 | GIB Capital LLC(Gulf International Bank) | SAR 274M | 0.1% | |
| 27 | SICO Capital Company | SAR 216M | 0.1% | |
| 28 | Arbah Capital | SAR 176M | 0.1% | |
| 29 | AlKhabeer Capital | SAR 161M | 0.1% | |
| 30 | Al-Khair Capital Saudi Arabia | SAR 160M | 0.1% | |
| 31 | Al Nefaie Investment Group | SAR 149M | 0.1% | |
| 32 | Osool & Bakheet Investment Company | SAR 33M | 0.0% | |
| 33 | Dinar Investment Company | SAR 3M | 0.0% |
Institutional vs Retail Flow
Internet trading (self-directed retail) accounts for 43.3% of main market value. The remaining 56.7% flows through non-internet channels — a proxy for institutional, DMA, and managed account activity.
Market Concentration
Top 3 Share
40.7%
Top 5 Share
57.2%
HHI (Value)
836
Competitive
Active Brokers
33
This page presents results from a proprietary analytical model. The methodology, inputs, and assumptions are disclosed below. Model outputs suggest, indicate, or estimate — they do not confirm, prove, or recommend. Users should review the methodology, assess whether the assumptions apply to their situation, and consult a qualified financial adviser before acting on any information.
Sources: Saudi Exchange (saudiexchange.sa) — Monthly Member Activity Reports. Full data sources.
Unlock the full SouqData platform
Get unlimited access to 180+ insight pages, AI copilot, deep research reports, watchlists, portfolio tracking, and the full 210-column screener across 11 MENA exchanges.