Saudi AUM up at SAR 871.3B in Q4 2023

Saudi AUM up SAR 871.3B in Q4 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) rose 10%, or SAR 81.1 billion, quarter-on-quarter (QoQ) to about SAR 871.3 billion in Q4 2023, according to the authority’s data.

AUM since 2018 (SAR bln)
Period	Value	Change	Quarterly 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%)
Q4 2023	871.26	+81.09	+10%

NBK Wealth Management led with a 1,004% QoQ increase in AUM in Q4 2023. Rassanah Capital followed with a 191% QoQ rise.

Companies with Most Increase in AUM (SAR mln)
Company	Q3 2023	Q4 2023	Change	Change (%)
NBK Wealth	280.8	3100.6	+2819.8	+1004%
Rassanah Capital	409.4	1190.3	+780.9	+191%
Al Nefaie Investment	212.8	582.8	+370.0	+174%
Merak Capital	253.0	628.3	+375.3	+148%
Arch Capital	294.5	609.5	+315.0	+107%

On the other hand, Emirates NBD Capital reported the steepest QoQ drop in AUM of 76%. Marifa Capital came in second with a 66% QoQ decline.

Companies with Most Decline in AUM (SAR mln)
Company	Q3 2023	Q4 2023	Change	Change (%)
Emirates NBD Capital KSA	4010.3	945.7	(3064.6)	(76%)
Marifa Capital	395.4	132.8	(262.6)	(66%)
KASB Capital	274.1	109.1	(165.0)	(60%)
Saudi Fransi Capital	22134.0	19136.4	(2997.6)	(14%)
Al Khair Capital	18434.3	15949.6	(2484.7)	(13%)

SNB Capital topped the list of capital market institutions in terms of AUM value, with about SAR 269.6 billion during the fourth quarter of 2023, representing 31% of the total.

Riyad Capital followed, with nearly SAR 93.5 billion.

The following table details the AUM value by capital market institutions:

AUM Value by Capital Market Institutions (SAR bln)
Company	Value	Percentage to total (%)
SNB Capital	269.62	30.9%
Riyad Capital	93.54	10.7%
Al Rajhi Capital	75.66	8.7%
Alinma Investment	74.03	8.5%
Jadwa Investment	62.47	7.2%
Alistithmar Capital	31.09	3.6%
SAB Invest	27.06	3.1%
Saudi Fransi Capital	19.14	2.2%
AlJazira Capital	17.30	2.0%
ANB Invest	16.24	1.9%
Albilad Investment	16.13	1.9%
Al Khair Capital	15.95	1.8%
Morgan Stanley Saudi Arabia	15.17	1.7%
BLOMINVEST	13.33	1.5%
Alpha Capital	10.28	1.2%
Derayah Capital	9.63	1.1%
Al Khabeer Capital	8.81	1.0%
Ashmore Investment Saudi Arabia	8.13	0.9%
SICO Capital	6.36	0.7%
State Street Saudi Arabia	5.82	0.7%
GIB Capital	5.76	0.7%
Tharawat	5.44	0.6%
SEDCO Capital	4.75	0.5%
Itqan Capital	4.40	0.5%
MEFIC Capital	4.11	0.5%
Miyar Capital	3.44	0.4%
Malaz Capital	3.13	0.4%
NBK Wealth	3.10	0.4%
Adeem Capital	3.05	0.3%
Mulkia Investment	2.99	0.3%
Remaining firms	35.34	4.1%
Total	871.26	100.0%

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