Human Capital

We endeavor to provide maximum growth potential and career opportunities for all employees.

The Saudi capital market underwent a major transformation with the formation of the Saudi Tadawul Group and its new structure. With this transformation, many of the functions remained under the purview of the subsidiaries, while some, including human resources, are executed at the Group level.

We intend that the transformation will position us to compete globally, and to maintain the advanced skills and competencies of our employees. These skills need to be sharpened to enable them to be leaders in this rapidly changing industry. Our employees’ growth plans need to be aligned with the Group’s development plans. The Group aspires to be a key financial hub and the gateway to the MENA region. Employees are our valuable assets and core strength and they will lead the way to realizing the future ambitions of the Group.

With the formation of the Group, all HR policies were made unbroken to ensure fairness and efficiency. While the subsidiaries retain some degree of independence, we also preserve a sense of unity of purpose. Our policy is to maximize growth potential and career opportunities for all employees of the Group and its subsidiaries. As far as possible, we endeavour to recruit internally to fill all positions.

Overview of the year

The composition of our workforce manifests diversity, which is one of our strengths. This diversity is visible in gender, age distribution, and service period.

Employee composition of the Group – 2021

	Saudi Exchange	Edaa	Muqassa	Wamid	Saudi Tadawul Group	Total
Total number of employees	80	48	30	8	230	396
Number of female employees	22	4	9	0	67	102
Number of Saudi employees	72	47	24	7	210	360

 

Employees by category

Grade	Male					Female
	2021	2020	2019	2018	2017	2021	2020	2019	2018	2017
Senior management	21	14	16	13	15	3	2	2	3	2
Middle management	69	70	68	52	57	6	6	5	5	5
Non-management	204	200	202	211	214	93	83	77	73	66

 

Employees by status

	2021	2020	2019	2018	2017
Permanent	396	375	370	357	359
Outsourced	16	22	22	15	17

 

Employees by age group

Age group	Male					Female
	2021	2020	2019	2018	2017	2021	2020	2019	2018	2017
18-30 years	98	78	88	82	79	80	69	63	61	49
31-40 years	114	130	126	126	141	19	17	17	18	22
41-50 years	64	59	57	56	49	3	5	4	2	2
Over 51 years	18	17	15	12	17	0
Total	294	284	286	276	286	102	91	84	81	73

The majority of employees of the Group belong to the younger age groups. They, who will be the leaders of the future, inject dynamism and innovation into the Group and its subsidiaries.

Employees by service period

Service period	Male					Female
	2021	2020	2019	2018	2017	2021	2020	2019	2018	2017
0-5 years	176	169	165	135	111	88	84	74	64	49
6-10 years	46	34	38	43	62	11	3	6	10	15
11-15 years	28	62	64	75	86	2	4	4	7	9
16+ years	44	19	19	23	27	1
Total	294	284	286	276	286	102	91	84	81	73

There have been learning experiences during the year. The “MUTTASEL” initiative was launched during the year as a remote working option, accessible to all employees of the Group. We strive to achieve integration in HR practices which promotes cohesiveness and better results. Most of the HR objectives were successfully completed during the year.

Well-being of our employees

We have built a culture of employee empowerment as one of our key HR objectives. The Group is drawing on best practices that would enhance the work experience and promote work-life balance. While we had to cope with the challenges posed by the COVID-19 pandemic this was done effectively, minimizing health risks to employees. Employees are entitled to a range of benefits and we rigidly follow the principle of “equal pay for equal work”.

Salaries and benefits

SAR Mn	2021	2020	2019	2018	2017
Salaries paid	144,468,008.97	127,404,415	132,161,921	127,595,446	130,257,981
Benefits paid	6,251,316.38	4,936,316	6,060,536	6,448,966	6,672,563
Social security contributions	11,172,640.15	9,409,212	9,685,562	9,405,908	9,823,897
Staff insurance	13,768,208.62	12,963,851	12,996,762	11,932,641	12,226,274
Total salaries and benefits paid	175,660,174.12	154,713,794	160,904,781	155,382,961	158,980,715

 

Training and development of our team

A culture of employee empowerment and positive reinforcement enables the Group to implement its overarching vision and strategy. As such, improving the Organizational Health Index is one of the main strategic objectives of Human Resources. A key focus for the year was employee engagement. Despite the pandemic, 171 training programmes were held in 2021 with the participation of 1,009 employees throughout the Group. The training programmes covered a variety of aspects such as leadership, soft skills, technical skills, continuous education, and remote working.

	2021	2020
Number of training programmes	171	21
Total number of participants	1,009	317
Training days	1,988	419
Training days/participant	1.97	1.3
Number of trained staff	347	153

 

Employee engagement

Despite the social distancing conditions a number of events and engagements were conducted for staff, some of which were virtual. These included Eid Aladha Games, National Day Video and celebration, International Coffee Day, Eid AlFiter Coupons, CEO Town Halls, Ramadhan Giveaways, and breast cancer awareness month. The staff also contributed to the CSR activities by way of marketing and donations.