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 |
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