Assets of Saudi investment funds fall 11% to SAR 192.5 bln in Q2 2022

Saudi Arabian banknotes

The total value of assets held by investment funds in Saudi Arabia fell by 11% to SAR 192.5 billion in Q2 2022, compared to SAR 215.7 billion a year earlier, data issued by the Saudi Central Bank (SAMA) showed.

The decline was attributed to a 10% drop year-on-year (YoY) in local assets – which represent 74% of total assets – to SAR 142.7 billion. In addition, foreign fund assets – equivalent to 26% of total assets – declined 13% 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% of the total assets of the funds. The assets of closed-end investment funds amounted to SAR 32.8 billion.

Investment Funds Assets (SAR bln)
Period	Q1 2021	Q2 2022	Change
Local assets	158.09	142.66	(10%)
Foreign assets	57.60	49.85	(13%)
Total	215.68	192.51	(11%)

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

The following table indicates 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%
Q2 2022*	142.66	49.85	192.51	(15%)

*Change since year beginning.

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

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
(2)	254	Q2 2022*

*Change since year beginning.

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

The following is a table showing the development in the number of subscribers since 2005:

Number of Subscribers Since 2005
Change	No. of Subscribers	Period
369927+	568,284	2005
(68316)	499,968	2006
(73883)	426,085	2007
(51110)	374,975	2008
(18644)	356,331	2009
(35916)	320,415	2010
(26510)	293,905	2011
(18281)	275,624	2012
(17514)	258,110	2013
(12079)	246,031	2014
(9054)	236,977	2015
(12566)	224,411	2016
14034+	238,445	2017
94122+	332,567	2018
(2828)	329,739	2019
29155+	358,894	2020
170418+	529,312	2021
136451+	665,763	Q2 2022*

*Change since year beginning.

Economic Reports

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

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.

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Related News

Most Read

Market Indices

Popular Links

Quick Links

About Us

Join Us

Follow Us