Saudi AUM down 4% to SAR 790.2B in Q3 2023

Logo of Capital Market Authority (CMA)
The total assets under management (AUM) held by capital market institutions licensed by Saudi Arabia’s Capital Market Authority (CMA) fell 4%, or SAR 33.5 billion, quarter-on-quarter (QoQ) to SAR 790.2 billion in Q3 2023, according to the authority’s data.
|
Assets Under Management (SAR bln) Since 2018 |
|||
|
Period |
Value |
Change (SAR bln) |
Change |
|
Q1 2018 |
395.82 |
+ 4.74 |
+1% |
|
Q2 2018 |
422.21 |
+ 26.39 |
+7% |
|
Q3 2018 |
431.57 |
+ 9.36 |
+2% |
|
Q4 2018 |
454.30 |
+ 22.73 |
+5% |
|
Q1 2019 |
466.06 |
+ 11.76 |
+3% |
|
Q2 2019 |
484.22 |
+ 18.16 |
+4% |
|
Q3 2019 |
482.41 |
(1.81) |
(0.4%) |
|
Q4 2019 |
500.02 |
+ 17.61 |
+ 4% |
|
Q1 2020 |
481.35 |
(18.67) |
(4%) |
|
Q2 2020 |
515.97 |
+ 34.62 |
+ 7% |
|
Q3 2020 |
566.71 |
+ 50.74 |
+10% |
|
Q4 2020 |
611.72 |
+ 45.01 |
+8% |
|
Q1 2021 |
677.33 |
+ 65.61 |
+11% |
|
Q2 2021 |
703.27 |
+ 25.94 |
+4% |
|
Q3 2021 |
740.45 |
+ 37.18 |
+5% |
|
Q4 2021 |
758.57 |
+ 18.12 |
+2% |
|
Q1 2022 |
816.70 |
+ 58.13 |
+8% |
|
Q2 2022 |
756.98 |
(59.72) |
(7%) |
|
Q3 2022 |
760.81 |
+ 3.83 |
+1% |
|
Q4 2022 |
743.40 |
(17.41) |
(2%) |
|
Q1 2023 |
770.63 |
+ 27.23 |
+4% |
|
Q2 2023 |
823.63 |
+ 53.00 |
+7% |
|
Q3 2023 |
790.16 |
(33.47) |
(4%) |
Arch Capital led the way with a 229% QoQ increase in AUM in Q3 2023. SICO Capital followed with a 75% QoQ rise.
|
Companies with Most Increase in AUM (SAR mln) |
||||
|
Company |
Q2 2023 |
Q3 2023 |
Change |
Change (%) |
|
Arch Capital |
89.5 |
294.5 |
+205.0 |
+229% |
|
SICO Capital |
3477.2 |
6086.3 |
+2609.1 |
+75% |
|
Arcapita |
612.1 |
937.5 |
+325.4 |
+53% |
|
NOMW Capital |
2051.5 |
2934.9 |
+883.4 |
+43% |
|
Rassanah Capital |
291.1 |
409.4 |
+118.3 |
+41% |
On the other hand, 99 Halalah Financial reported the steepest decline in AUM, with a 100% QoQ fall. Dom Capital came in second with a 48% QoQ decline.
|
Companies with Most Decline in AUM (SAR mln) |
||||
|
Company |
Q2 2023 |
Q3 2023 |
Change |
Change (%) |
|
99 Halalah Financial |
142.0 |
-- |
(142.0) |
(100%) |
|
Dom Capital |
108.8 |
56.8 |
(52.0) |
(48%) |
|
Ashmore Investment Saudi Arabia |
11891.8 |
7568.8 |
(4323.0) |
(36%) |
|
Mulkia Investment |
4164.8 |
2924.8 |
(1240.0) |
(30%) |
|
Emirates NBD Capital |
5557.2 |
4010.3 |
(1546.9) |
(28%) |
SNB Capital topped the list of capital market institutions in terms of AUM, with about SAR 237.5 billion during the third quarter of 2023, representing 30% of the total AUM value. It was followed by Riyad Capital, with nearly SAR 84.7 billion.
The following table details the volume of AUM at capital market institutions:
|
Managed Assets by Capital Market Institutions (SAR bln) |
||
|
Company |
Value |
Percentage to total (%) |
|
SNB Capital |
237.46 |
30.1% |
|
Riyad Capital |
84.67 |
10.7% |
|
Alinma Investment |
69.82 |
8.8% |
|
Al Rajhi Capital |
64.96 |
8.2% |
|
Jadwa Investment Co. |
53.43 |
6.8% |
|
Alistithmar Capital |
30.77 |
3.9% |
|
SAB Invest |
23.09 |
2.9% |
|
Saudi Fransi Capital |
22.13 |
2.8% |
|
AlKhair Capital Saudi Arabia |
18.43 |
2.3% |
|
Albilad Investment |
16.29 |
2.1% |
|
ANB Invest |
16.26 |
2.1% |
|
AlJazira Capital |
13.85 |
1.8% |
|
Blom Invest |
13.27 |
1.7% |
|
Morgan Stanley Saudi Arabia |
11.97 |
1.5% |
|
Al Khabeer Capital |
8.74 |
1.1% |
|
Alpha Capital |
8.61 |
1.1% |
|
Derayah Capital |
7.73 |
1.0% |
|
Ashmore Investment Saudi Arabia |
7.57 |
1.0% |
|
GIB Capital |
6.52 |
0.8% |
|
SICO Capital |
6.09 |
0.8% |
|
State Street Saudi Arabia |
5.24 |
0.7% |
|
Tharawat |
5.09 |
0.6% |
|
SEDCO Capital |
4.79 |
0.6% |
|
Emirates NBD Capital KSA |
4.01 |
0.5% |
|
Itqan Capital |
4.01 |
0.5% |
|
Miyar Capital |
3.58 |
0.5% |
|
MEFIC Capital |
3.25 |
0.4% |
|
Malaz Capital |
3.01 |
0.4% |
|
Nomw Capital |
2.93 |
0.4% |
|
Mulkia Investment |
2.92 |
0.4% |
|
Remaining firms |
29.66 |
3.8% |
|
Total |
790.16 |
100.0% |
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