The Capital Market Authority (CMA) posted a 50% y-o-y increase in revenue to SAR 1.81 bn in 2024, supported by a rise in trading activity and a sharp uptick in market fines, according to its annual report (pdf).

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The breakdown: Revenue from stock trading commissions grew 40% y-o-y to SAR 1.1 bn during the year, accounting for 62% of total revenue, while fines and penalties rose 282% to SAR 261 mn. Revenue from exchange-related transactions climbed 40.7% y-o-y to SAR 249.9 mn, while trading services rose 9% y-o-y to SAR 174.5 mn.

The markets regulator booked a surplus from core operations of SAR 843.2 mn in 2024, the highest in three years. However, expenses rose 11% y-o-y to SAR 970.3 mn, with staff salaries and benefits making up two-thirds of total expenditure at SAR 651.1 mn.

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