Assets of Saudi investment funds jump 31% to SAR 209.7 bln in 2020

10/02/2021 Argaam Special


The total value of assets held by investment funds in Saudi Arabia jumped 31% to SAR 209.7 billion – the highest ever  – in 2020, compared to SAR 159.96 billion in 2019, data issued by the Saudi Central Bank (SAMA) showed.

 

This increase was driven by a 12% rise in assets held by local investment funds, which represent 71% of total assets, to SAR 149.6 billion. Assets of foreign funds soared 127% to SAR 60.2 billion.

 

Investment funds are divided into two types, open-end and closed-end. Total assets of open-end funds stood at nearly SAR 180.8 billion, or 86% of total assets, while the assets of closed-end funds valued at approximately SAR 28.9 billion.

 

Investment funds hold local and foreign assets, which further include shares, bonds, cash instruments and realty investments.

 

Mutual Funds (SAR bln)

Period

Local Assets

Foreign Assets

Total

Annual Variation

2005

115.66

21.31

136.97

+127%

2006

61.34

22.76

84.11

(39%)

2007

79.89

25.21

105.10

+25%

2008

61.26

13.55

74.81

(29%)

2009

74.14

15.41

89.55

+20%

2010

74.44

20.30

94.74

+ 6 %

2011

64.53

17.66

82.19

(13%)

2012

69.81

18.26

88.07

+7%

2013

81.86

21.32

103.18

+17%

2014

81.87

28.84

110.71

+7%

2015

75.92

26.98

102.90

(7%)

2016

70.66

17.18

87.84

(15%)

2017

91.15

19.09

110.23

+25%

2018

93.65

18.21

111.86

+1%

2019

133.44

26.52

159.96

+43%

2020

149.56

60.16

209.72

+31%

 

The number of investment funds increased to 254 in 2020, compared to 253 in 2019.

 

No. of Mutual Funds Since 2005

Period

Operating Funds

Variation

2005

199

+11

2006

214

+15

2007

252

+38

2008

262

+10

2009

244

(18)

2010

243

(1)

2011

249

+6

2012

240

(9)

2013

236

(4)

2014

252

+16

2015

270

+18

2016

275

+5

2017

273

(2)

2018

249

(24)

2019

253

+4

2020

254

+1

 

The number of subscribers to Saudi investment funds went up by 29,200 to approximately 358,900 in 2020, compared to 2019.

 

No. of Subscribers since 2005

Period

No. of Subscribers

Variation

2005

568284

+369927

2006

499968

(68316)

2007

426085

(73883)

2008

374975

(51110)

2009

356331

(18644)

2010

320415

(35916)

2011

293905

(26510)

2012

275624

(18281)

2013

258110

(17514)

2014

246031

(12079)

2015

236977

(9054)

2016

224411

(12566)

2017

238445

+14034

2018

332567

+94122

2019

329739

(2828)

2020

358894

+29155

 

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