The total value of assets under management (AUM) by Saudi-based investment funds jumped 25.5 percent year-on-year (YoY) to around SAR 110.2 billion by the end of 2017, new data from the Saudi Arabian Monetary Authority (SAMA) showed.

 

However, the number of investment funds in the Kingdom has declined to 273 by the end of 2017, from 275 funds a year earlier.

 

The number of asset managers increased to 41 last year.

 

NCB Capital led the market in terms of value of assets under management at SAR 32.4 billion, accounting for 29.4 percent of total market. The firm managed 25 funds with nearly 33,000 subscribers.

 

Samba Capital followed with SAR 16 billion worth of assets under management, and 27,000 subscribers.

 

Riyad Capital took the third place with assets standing at SAR 11.5 billion, and came first in terms of subscribers (71,000), dispersed across 37 funds under management.

 

Fund Managers

Firm

Number of funds

Assets

(SAR mln)

No. of Investors

NCB Capital

25

32,435

32,980

Samba Capital

19

15,956

26,588

Riyad Capital

37

11,509

70,713

Al Rajhi Capital

13

10,260

11,994

Alinma Investment

6

7,608

4,307

HSBC Saudi Arabia

20

5,670

26,230

Aljazira Capital

13

4,890

3,579

Saudi Fransi Capital

15

4,500

8,293

ANB Invest

13

3,890

6,888

Jadwa Investment

9

2,143

3,131

Alawwal Invest

15

2,052

2,239

Alistithmar Capital

8

1,312

609

Falcom Financial Services

5

1,118

650

Albilad Capital

7

921

24,742

Musharaka Capital

2

917

4,091

Osool & Bakheet

5

809

3,128

Middle East Financial Investment Co. (MEFIC)

3

706

94

Mulkia Investment

3

633

5,914

Global Investment House

1

502

3

Ashmore Saudi Arabia

3

413

30

KASB Capital

8

371

1,336

Alawwal Capital

5

367

168

Muscat Capital

2

234

34

Audi Capital

4

156

62

BlomInvest

4

134

25

Bait Al Mal Al Khaleeji

2

124

33

Derayah Capital

3

106

135

Gulf Investors Asset Management

1

89

11

Itqan Capital

1

64

32

Wasatah Capital

2

58

39

Arbah Capital

2

54

50

EFG Hermez KSA

2

54

16

Saudi Kuwaiti Finance House

2

47

176

Al-Khair Capital

4

31

55

The Investor for Securities

1

30

5

Morgan Stanley

1

27

6

NOMW Capital

1

17

1

SEDCO Capital

1

15

1

Al-Nefaie Investment

2

7

51

Aloula Geojit Capital

2

3

5

Tharawat

1

2

1

Total

273

110,234

238,445

 

Assets of locally-managed funds increased by 29 percent YoY to SAR 91.1 billion in the same period. Assets of foreign managed funds also rose 11 percent YoY to SAR 19.1 billion.

 

Investments in foreign assets stood at nearly 17.3 percent of total funds' assets by the end of 2017.

 

The total number of subscribers grew by 6.3 percent YoY to 238,000.

 

Funds managed by local firms

Year

Number of funds

Local

assets

(SAR bln)

Foreign assets

(SAR bln)

Total

assets

(SAR bln)

Total investors

(000’)

2011

249

65

18

82.2

294

2012

240

70

18

88.1

276

2013

236

82

21

103.2

258

2014

252

82

29

110.7

246

2015

270

76

27

102.9

237

2016

275

71

17

87.8

224

2017

273

91

19

110.2

238

 

Investment in foreign and local equity markets rose 10 percent YoY to SAR 5.4 billion and SAR 18 billion, respectively.

 

Fund investments in local stocks represented 16.3 percent of total investments in 2017, compared to 18.7 percent a year earlier.

 

 

Investment Funds Assets by Investment Type (SAR mln)

Total assets

Real

estate investment

Other foreign assets

Other local assets

Foreign monetary instruments

Local monetary instruments

Foreign bonds

Local Suku

& bonds

Foreign stocks

Local stocks

Year

88,068

1,817

60

1,844

6,034

44,874

1,807

2,086

10,354

19,192

2012

103,179

3,127

409

1,411

7,005

50,809

1,731

2,878

12,170

23,639

2013

110,711

3,560

410

4,189

15,194

45,674

2,019

3,973

11,215

24,477

2014

102,898

3,365

407

4,014

12,976

43,691

2,017

5,830

10,573

20,025

2015

87,836

3,200

388

4,698

10,570

40,793

1,282

5,577

4,940

16,386

2016

110,233

4,249

542

8,743

11,598

55,169

1,528

4,996

5,420

17,988

2017

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