Saudi investment funds’ assets drop 2% in Q2

The total value of assets held by investment funds in Saudi Arabia fell by 2 percent quarter-on-quarter (QoQ) to SAR 89.21 billion in Q2-2016, new data issued by the Saudi Arabian Monetary Agency (SAMA), the kingdom’s central bank, showed.

The drop was fueled by a 25 percent QoQ decline in the value of funds’ foreign assets to SAR 19.14 billion.

Local assets edged up 6 percent over the same period to SAR 70 billion.

Assets of Investment Funds (SAR bln)
Change	Q2-2016	Q1-2016	Period
+6%	70.08	65.82	Local assets
(25%)	19.14	25.38	Foreign assets
(2%)	89.21	91.20	Total

Assets held by investment funds in the kingdom were down 13 percent in Q2 when compared to SAR 102.90 billion worth of assets recorded at the end of 2015.

Assets of Investment Funds (SAR bln)
Change	Total	Foreign assets	Local assets	Period
--	136.97	21.31	115.66	2005
(%39)	84.11	22.77	61.34	2006
+25%	105.10	25.21	79.89	2007
(%29)	74.81	13.55	61.26	2008
+20%	89.55	15.41	74.14	2009
+6%	94.74	20.30	74.44	2010
(%13)	82.19	17.66	64.53	2011
+7%	88.07	18.26	69.81	2012
+17%	103.18	21.32	81.86	2013
+7%	110.71	28.84	81.87	2014
(7%)	102.90	26.98	75.92	2015
(13%)	89.21	19.14	70.08	Q2 2016

The number of investment funds operating in the kingdom increased to 278 in the second quarter, up from 270 at the end of last year.

Number of Investment Funds
Change	Number of operating funds	Period
--	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
+8	278	Q2 2016

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