Today, the Capital Market Authority (“CMA") issued the Quarterly Statistical Bulletin (QSB) for the first quarter (Q1) of 2023. Through this bulletin, the CMA aims to provide statistical information and data about the Saudi capital market that is important for participants, market analysts, and academic and student researchers. Also, the CMA aims to raise the level of transparency and disclosure and stimulate and develop investments in the capital market.
The QSB provides a variety of data on the Saudi capital market, including Initial Public Offerings (IPOs), Equity, Debt Instruments, Investment Funds and data regarding Capital Market Institutions, Listed Companies and authorized Financial Technology (FinTech) companies. In addition, a full chapter about Corporate Governance.
The QSB data showed that the number of Listed Companies on the main market (TASI) reached 224 companies in Q1 of 2023, an increase of 4.2% compared to 215 companies in Q1 of 2022. Meanwhile, Listed Companies on the parallel market "Nomu" reached 54 companies in Q1 of 2023, an increase of 116% compared to 25 companies in Q1 of 2022. Furthermore, a surge of 8 companies equating to growth of 17.4% in the parallel market, compared to Q4 of 2022, when the number of companies was 46.
The CMA approved the offering of two companies in the main market and six companies in the parallel market “Nomu" during Q1 of 2023. There are 5 offers and listing requests in the main market, and 61 in “Nomu" still under study during the same period.
As for the value of ownership in the main market, the value of the qualified foreign investors' (QFIs) ownership reached SAR 273.54 billion in Q1 of 2023, with a hike of 1% from Q4 of 2022 that reached SAR 270.96 billion.
As for the investor's classification, according to the investment behavior; the percentage value of the institutional investors' ownership amounted to 96.18% in Q1 of 2023, compared to 96.30% in the year-ago period.
The number of Investment Funds hit a new record and increased to 1076 funds, the highest in history, after an increase of 35.3% in Q1 of 2023 when compared with the same period of 2022, including 260 public funds and 816 private funds, compared to 253 and 542 funds respectively in Q1 of 2022.
The number of public and private investment funds subscribers climbed to 53.2% to reach 792,824 subscribers in Q1 of 2023, compared to 517,346 subscribers in Q1 of 2022.
The biggest number of public and private investment funds subscribers were in the real estate sector, as the subscribers of the real estate investment traded funds represented 51.6% of the total subscribers in public investment funds, while the subscribers of the real estate funds represented 76.7% of the total subscribers in private investment funds.
As for Corporate Governance, 44 general assemblies, attended by 11,047 shareholders, were held in Q1 of 2023, discussing 305 items, of which only 8 items were rejected. The number of non-executive board chairmen in listed companies reached 252, with 219 non-executive vice chairmen and 30 executive vice chairmen, 1252 non-executive board members, and 156 executive board members.
Regarding the Financial Technology (FinTech) Companies, the number of authorized FinTech Companies in the Equity Crowd Funding platforms amounted to about 5 companies in Q1 of 2023, and the aggregated funds through Equity Crowd Funding platforms reached SAR 2.8 million. A total of 29 institutional clients, 2,917 qualified clients, and about 83,000 retail clients benefited from the services of FinTech companies.
The report can be viewed via the following link:
Statistical Bulletin Q1 2023