Saudi AUMs rise to SAR 999.9B in Q3 2024

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 7%, or SAR 64.9 billion, quarter-on-quarter (QoQ) to SAR 1 trillion in Q3 2024, according to the Capital Market Authority’s data.

The value of AUMs was distributed among private funds with nearly SAR 500.1 billion or 50% of total assets, followed by managed portfolios with about SAR 339.7 billion (34%), then public funds with SAR 160.1 billion (16%).

Development of AUMs Performance (SAR bln)
Period	Value	Change (SAR bln)	Change
Q1 2018	395.8	+4.7	+1%
Q2 2018	422.2	+26.4	+7%
Q3 2018	431.6	+9.4	+2%
Q4 2018	454.3	+22.7	+5%
Q1 2019	466.1	+11.8	+3%
Q2 2019	484.2	+18.2	+4%
Q3 2019	482.4	(1.8)	(0.4%)
Q4 2019	500.0	+17.6	+4%
Q1 2020	481.4	(18.7)	(4%)
Q2 2020	516.0	+34.6	+7%
Q3 2020	566.7	+50.7	+10%
Q4 2020	611.7	+45.0	+8%
Q1 2021	677.3	+65.6	+11%
Q2 2021	703.3	+25.9	+4%
Q3 2021	740.5	+37.2	+5%
Q4 2021	758.6	+18.1	+2%
Q1 2022	816.7	+58.1	+8%
Q2 2022	757.0	(59.7)	(7%)
Q3 2022	760.8	+3.8	+1%
Q4 2022	743.4	(17.4)	(2%)
Q1 2023	770.6	+27.2	+4%
Q2 2023	823.6	+53.0	+7%
Q3 2023	790.2	(33.5)	(4%)
Q4 2023	871.3	+81.1	+10%
Q1 2024	908.3	+37.1	+4%
Q2 2024	935.0	+26.7	+3%
Q3 2024	999.9	+64.9	+7%

Tatimah Capital led the way with a 471% increase in AUMs in Q3 2024. Watheeq Financial Services followed with an 285% rise.

Top Performers in AUMs (SAR mln)
Company	Q2 2024	Q3 2024	Change	Change (%)
Tatimah Capital	744.2	4245.9	+3501.7	+471%
Watheeq Financial Services	87.4	336.7	+249.3	+285%
Areeb Capital	5977.5	19694.0	+13716.6	+229%
Value Capital	200.6	345.3	+144.7	+72%
Adeem Capital	2103.0	2971.5	+868.5	+71%

Meanwhile, Tharawat Tuwaiq Capital and DOM Capital led decliners in terms of AUMs value in Q3 2024, with 31% each, followed by Impact Capital with 11%.

Worst Performers in AUMs (SAR mln)
Company	Q2 2024	Q3 2024	Change	Change (%)
Tharawat Tuwaiq Capital	15.5	10.6	(4.8)	(31%)
DOM Capital	10.4	7.2	(3.2)	(31%)
Impact Capital	1915.1	1697.8	(217.3)	(11%)
State Street Saudi Arabia	7583.0	6910.7	(672.3)	(9%)
Bayt Alnomow Capital Company	150.4	137.9	(12.6)	(8%)

SNB Capital topped the list of capital market institutions in terms of AUMs, with about SAR 269.6 billion in Q3 2024, representing 27% of the total AUM value. It was followed by Al Rajhi Capital, with nearly SAR 109.2 billion.

AUMs of Capital Market Institutions in Q3 2024
Company	Value (SAR bln)	% to Total
SNB Capital	269.62	27.0%
Al Rajhi Capital	109.22	10.9%
Riyad Capital	93.59	9.4%
Alinma Investment	79.91	8.0%
Jadwa Investment Co.	67.30	6.7%
Alistithmar Capital	35.11	3.5%
Alawwal Invest	33.62	3.4%
Saudi Fransi Capital	22.76	2.3%
Albilad Investment	22.00	2.2%
AlJazira Capital	21.83	2.2%
ANB Invest	21.64	2.2%
Areeb Capital	19.69	2.0%
Morgan Stanley Saudi Arabia	15.31	1.5%
Blom Invest	14.96	1.5%
Derayah Capital	14.59	1.5%
AlKhair Capital Saudi Arabia	14.28	1.4%
Alpha Capital	14.09	1.4%
Al Khabeer Capital	9.69	1.0%
GIB Capital	8.29	0.8%
Ashmore Investment Saudi Arabia	8.27	0.8%
Others	104.09	10.4%
Total	999.86	100.0%

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