Assets held by Saudi investment funds rise 2% in Q3

03/12/2017 Argaam Special

 

The total value of assets held by investment funds in Saudi Arabia rose 2 percent quarter-on-quarter (QoQ) to SAR 112.7 billion in the third quarter of this year, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.

 

The increase was driven by a 2 percent rise in the total value of assets held by local and foreign investment funds in Q3.

 

Assets of Mutual Funds  (SAR bln)

Variation

Q3 2017

Q2 2017

Period

+2.1%

87.92

86.13

Local assets

+1.8%

24.73

24.29

Foreign assets

+2.0%

112.65

110.43

Total

 

Assets held by investment funds include local and foreign stocks, bonds, real estate investments and other assets.

 

The total number of investment funds stood at 278 by the end of Q3 2017, the data showed.

 

Meanwhile, the number of subscribers in investment funds increased to 235,200 in Q3 from 224,400 in 2016, but dropped 59 percent compared to 2005.

 

Assets of Investment Funds (SAR bln)

Variation

Total

Foreign assets

Local assets

Period

--

136.97

21.31

115.66

2005

(39%)

84.11

22.77

61.34

2006

+25%

105.10

25.21

79.89

2007

(%29)

74.81

13.55

61.26

2008

+20%

89.55

15.41

74.14

2009

+6%

94.74

20.30

74.44

2010

(13%)

82.19

17.66

64.53

2011

+7%

88.07

18.26

69.81

2012

+17%

103.18

21.32

81.86

2013

+7%

110.71

28.84

81.87

2014

(7%)

102.90

26.98

75.92

2015

(15%)

87.84

17.18

70.66

2016

+38%

112.65

24.73

87.92

Q3 2017

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