Assets of Saudi investment funds rise 7% in Q1 2019

06/05/2019 Argaam Special

 

The total value of assets held by investment funds in Saudi Arabia grew by 7 percent quarter-on-quarter (QoQ) to SAR 119.8 billion in Q1 2019, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.

 

The rise was driven by foreign assets which more than doubled QoQ despite an 11% QoQ drop in local assets.

 

Assets of Mutual Funds  (SAR bln)

Variation

Q1 2019

Q1 2018

Period

(11%)

83.03

93.65

Local assets

+102%

36.73

18.21

Foreign assets

+7%

119.76

111.86

Total

 

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

 

The number of investment funds operating in the Kingdom increased to 252 in Q1 2019 from 249 funds by the end of 2018.

 

The number of subscribers jumped 7 percent YoY to 356,400 – the highest level since 2008.

 

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

+25%

110.23

19.09

91.15

2017

+1%

111.86

18.21

93.65

2018

+7%

119.76

36.73

83.03

Q1 2019

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.