The total value of assets held by investment funds in Saudi Arabia increased by 4% to SAR 121 billion in Q2 2023, compared to SAR 116 billion in Q1 2023, data issued by the Saudi Central Bank (SAMA) showed.
The rise was attributed to a 31% year-on-year (YoY) increase in foreign assets, which represent 22% of total assets, to SAR 26.7 billion. Meanwhile, local assets, which constitute 78% of the total, shed 1% to SAR 94.4 billion.
Total assets of open-end funds amounted to about SAR 92.9 billion, while closed-end investment funds’ total assets were valued at SAR 28.1 billion.
|
Investment Funds Assets (SAR bln) |
|||
|
Period |
Q1 2023 |
Q2 2023 |
Change |
|
Local assets |
95.59 |
94.36 |
(1%) |
|
Foreign assets |
20.42 |
26.65 |
+31% |
|
Total |
116.01 |
121.01 |
+4% |
Investment funds hold both local and foreign assets, each including shares, bonds, cash instruments, and other assets. Real estate investments are also on the list.
The following table indicates the assets of investment funds since 2005:
|
Development in Investment Fund Assets (SAR bln) |
||||
|
Period |
Local Assets |
Foreign Assets |
Total |
YoY Change |
|
2005 |
115.66 |
21.31 |
136.97 |
+127% |
|
2006 |
61.34 |
22.76 |
84.11 |
(39%) |
|
2007 |
79.89 |
25.21 |
105.10 |
+25% |
|
2008 |
61.26 |
13.55 |
74.81 |
(29%) |
|
2009 |
74.14 |
15.41 |
89.55 |
+20% |
|
2010 |
74.44 |
20.30 |
94.74 |
+6% |
|
2011 |
64.53 |
17.66 |
82.19 |
(13%) |
|
2012 |
69.81 |
18.26 |
88.07 |
+7% |
|
2013 |
81.86 |
21.32 |
103.18 |
+17% |
|
2014 |
81.87 |
28.84 |
110.71 |
+7% |
|
2015 |
75.92 |
26.98 |
102.90 |
(7%) |
|
2016 |
70.66 |
17.18 |
87.84 |
(15%) |
|
2017 |
91.15 |
19.09 |
110.23 |
+25% |
|
2018 |
93.65 |
18.21 |
111.86 |
+1% |
|
2019 |
133.44 |
26.52 |
159.96 |
+43% |
|
2020 |
149.56 |
60.16 |
209.72 |
+31% |
|
2021 |
147.69 |
79.48 |
227.17 |
+8% |
|
2022 |
101.19 |
24.92 |
126.11 |
(44%) |
|
Q2 2023* |
94.36 |
26.65 |
121.01 |
(4%) |
The number of investment funds operating in the Kingdom reached 276 by the end of Q2 2023.
The table below shows the development in the number of active investment funds since 2005:
|
Number of Investment Funds Since 2005 |
||
|
Change |
No. of Operating Funds |
Period |
|
+11 |
199 |
2005 |
|
+15 |
214 |
2006 |
|
+38 |
252 |
2007 |
|
+10 |
262 |
2008 |
|
(18) |
244 |
2009 |
|
(1) |
243 |
2010 |
|
+6 |
249 |
2011 |
|
(9) |
240 |
2012 |
|
(4) |
236 |
2013 |
|
+16 |
252 |
2014 |
|
+18 |
270 |
2015 |
|
+5 |
275 |
2016 |
|
(2) |
273 |
2017 |
|
(24) |
249 |
2018 |
|
+4 |
253 |
2019 |
|
+1 |
254 |
2020 |
|
+2 |
256 |
2021 |
|
(1) |
255 |
2022 |
|
+21 |
276 |
Q2 2023* |
The number of subscribers rose by about 166,000 to around 819,000 by the end of Q2 2023, compared to 2022-end.
The development in the number of subscribers since 2005 is indicated as follows:
|
Number of Subscribers since 2005 |
||
|
Change |
No. of Subscribers |
Period |
|
+369,927 |
568,284 |
2005 |
|
(68,316) |
499,968 |
2006 |
|
(73,883) |
426,085 |
2007 |
|
(51,110) |
374,975 |
2008 |
|
(18,644) |
356,331 |
2009 |
|
(35,916) |
320,415 |
2010 |
|
(26,510) |
293,905 |
2011 |
|
(18,281) |
275,624 |
2012 |
|
(17,514) |
258,110 |
2013 |
|
(12,079) |
246,031 |
2014 |
|
(9,054) |
236,977 |
2015 |
|
(12,566) |
224,411 |
2016 |
|
+14,034 |
238,445 |
2017 |
|
+94,122 |
332,567 |
2018 |
|
(2,828) |
329,739 |
2019 |
|
+29,155 |
358,894 |
2020 |
|
+170,418 |
529,312 |
2021 |
|
+123,557 |
652,869 |
2022 |
|
+165,631 |
818,500 |
Q2 2023* |
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