Saudi’s investment funds’ assets fall by 11 percent in Q2

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There were 254 investment funds operating in the Kingdom by the end of Q2 2022. (WAM)
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  • The decline was attributed to a 10 percent drop year-on-year (YoY) in local assets – which represent 74% of total assets – to $38 billion.
  • Investment funds are either open- or closed-end, with total assets of open-end funds at approximately SAR 159.7 billion ($42.5bn).

Riyadh, Saudi Arabia – The total value of assets held by investment funds in Saudi Arabia fell by 11 percent to SAR 192.5 billion ($51.21bn) in Q2 2022, compared to SAR 215.7 billion ($57.4bn) Q2 2021, data by the Saudi Central Bank (SAMA) showed.

The decline was attributed to a 10 percent drop year-on-year (YoY) in local assets – which represent 74 percent of total assets – to SAR 142.7 billion ($38bn).

In addition, foreign fund assets – equivalent to 26 percent of total assets – declined 13 percent to SAR 49.9 billion.

Investment funds are either open- or closed-end, with total assets of open-end funds at approximately SAR 159.7 billion, accounting for 83 percent of the total assets of the funds.

The assets of closed-end investment funds amounted to SAR 32.8 billion.

Investment funds hold both local and foreign assets, each including shares, bonds, cash instruments and other assets, as well as real estate investments.

254 investment funds are operating in the Kingdom by the end of Q2 2022.

The number of subscribers rose by 136,500 to 665,800 by the end of Q2 2022, compared to 2021-end.

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