The Banking Executive Magazine - April 2023 Issue

Saudi SAUDIS MAKE UP 82.2% OF FINANCIAL AND INSURANCE ACTIVITIES The number of workers in the finan- cial and insurance activities reached 91,291 at the end of 2022, of which Saudis constitute 82.2% of these jobs. All of them are subject to social in- surance rules and regulations. The number of Saudis who are work- ing on the financial and insurance activities reached 75,001, while the number of foreign workers is 16,290, constituting 17.8%. According to Al-Eqtisadiyah, the number of females in these jobs is 19,643, as Saudi females constituted the largest percentage with having 18,983 female workers, versus 660 foreign females. While men have the highest percent- age in the number of workers by 93%, with 71,648 workers. Riyadh region has the largest per- centage of the total number of work- ers in these sectors in Saudi Arabia by 78.2%, with 71,387 workers, fol- lowed by Makkah with 11,487 work- ers, then Al-Sharqiyah region with 7,202 workers. It is noteworthy that the Ministry of Human Resources and Social Devel- opment has implemented the first phase of localizing the consultancy sector jobs in all regions of Saudi Arabia. The first phase of the localization in- cluded the professions of consultants and specialists who practice consult- ing work in the sector by 30%, which is expected to provide job op- portunities for male and female citi- zens. ISSUE 172 APRIL 2023 the BANKING EXECUTIVE 25