Saudi assets under management rise 4% to SAR 770.6 bln in Q1 2023

02/07/2023 Argaam Special
Logo ofCapital Market Authority (CMA)

Logo of Capital Market Authority (CMA)


The total assets under management (AUMs) held by capital market institutions that are licensed by Saudi Arabia’s Capital Market Authority (CMA) rose 4%, or SAR 27.3 billion, quarter-on-quarter (QoQ) to SAR 770.6 billion in Q1 2023, according to the authority’s data.

 

Assets Under Management (SAR bln) Since 2018 

Period

Value

Change (SAR bln)

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

743.29

(17.52)

(2%)

Q1 2023

770.63

+ 27.34

+4%

 
 

Rasana Capital led the way with a 226% increase in AUMs in Q1 2023. Areeb Capital followed with a 190% rise. 

 

Companies with Most Increase in AUMs (SAR mln)

Company

Q4 2022

Q1 2023

Change

Change (%)

Rasana Capital

86.9

283.2

+196.4

+ 226%

Areeb Capital

813.9

2360.6

+1546.6

+190%

Tamra Capital

142.5

243.2

+100.7

+71%

SKFH

571.5

853.1

+281.6

+49%

Merak Capital

166.00

238.5

+72.6

+44%

 

Meanwhile, Value Partners reported the steepest decline in AUMs, with an 82% fall. Dirham Capital came in second with 44%.

 

Companies with Most Decline in AUMs (SAR mln)

Company

Q4 2022

Q1 2023

Change

Change (%)

Value Partners

1665.6

303.6

(1362.0)

(82%)

Dirham Capital

1.7

1.0

(0.8)

(44%)

Yaqeen Capital

1860.6

1567.1

(293.6)

(16%)

Arbah Capital

808.7

696.1

(112.7)

(14%)

SICO Capital

3799.6

3311.0

(488.6)

(13%)

 

The following table details the volume of AUMs at capital market institutions. 

 

Managed Assets by Capital Market Institutions (SAR bln) 

Company

Q4 2022

Q1 2023

Change

Change (%)

SNB Capital

249.31

243.81

(5.51)

(2%)

Riyad Capital

79.86

80.78

+0.92

+1%

Alinma Investment

63.37

64.40

+1.03

+2%

Al Rajhi Capital

52.65

57.47

+4.82

+9%

Jadwa Investment Co.

48.46

51.11

+2.65

+5%

Saudi Fransi Capital

24.42

32.28

+7.86

+32%

Alistithmar Capital

25.17

24.89

(0.28)

(1%)

Alawwal Invest

15.50

20.42

+4.91

+32%

AlKhair Capital Saudi Arabia

17.21

18.60

+1.39

+8%

ANB Invest

16.38

16.80

+0.42

+3%

Albilad Investment

13.87

14.96

+1.09

+8%

Blom Invest

11.05

11.03

(0.01)

(0.1%)

AlJazira Capital

9.76

10.63

+0.87

+9%

Morgan Stanley Saudi Arabia

10.01

10.36

+0.36

+4%

Al Khabeer Capital

8.52

8.62

+0.09

+1%

Alpha Capital

7.84

7.91

+0.07

+1%

State Street Saudi Arabia

7.51

7.90

+0.39

+5%

Derayah Capital

6.01

7.07

+1.07

+18%

Ashmore Investment Saudi Arabia

6.81

6.80

(0.01)

(0.1%)

Mulkia Capital

5.81

5.92

+0.11

+2%

GIB Capital

5.97

5.89

(0.08)

(1%)

Tharawat

3.51

5.01

+1.50

+43%

SEDCO Capital

4.72

4.71

(0.01)

(0.2%)

Emirates NBD Capital KSA

4.43

4.66

+0.22

+5%

Itqan Capital

3.34

3.54

+0.20

+6%

SICO Capital

3.80

3.31

(0.49)

(13%)

Impact Capital

3.10

3.29

+0.20

+6%

MEFIC Capital

3.27

3.23

(0.04)

(1%)

Miyar Capital

2.98

3.02

+0.03

+1%

Malaz Capital

2.93

2.96

+0.03

+1%

Adeem Capital

2.71

2.67

(0.04)

(2%)

Areeb Capital

0.81

2.36

+1.55

+190%

Musharaka Capital

1.80

2.35

+0.55

+30%

NOMW Capital

1.85

1.89

+0.04

+2%

Sidra Capital

1.72

1.85

+0.12

+7%

Yaqeen Capital

1.86

1.57

(0.29)

(16%)

Osool & Bakheet Investment

1.19

1.34

+0.14

+12%

FIM Partners KSA

1.16

1.20

+0.04

+4%

Alawwal Capital

0.95

1.04

+0.08

+9%

Kamco Invest

0.88

0.89

+0.01

+1%

SKFH

0.57

0.85

+0.28

+49%

SHUAA Capital

0.80

0.80

--

--

Investcorp Saudi Arabia

0.63

0.74

+0.11

+18%

Arbah Capital

0.81

0.70

(0.11)

(14%)

Arcapita Capital

0.61

0.62

+0.01

+1%

KASB Capital

0.65

0.60

(0.05)

(8%)

Wasata Capital

0.55

0.55

+0.01

+1%

Anfaal Capital

0.55

0.55

--

--

Sabeen Investment

0.40

0.52

+0.11

+28%

Portfolios Investment

0.35

0.40

+0.05

+15%

RAZ Amwal

0.39

0.40

+0.01

+1%

Tanmiah Capital

0.33

0.35

+0.02

+7%

Marifa Capital

0.33

0.35

+0.02

+6%

Audi Capital

0.31

0.33

+0.02

+7%

Value Partners

1.67

0.30

(1.36)

(82%)

Rasana Capital

0.09

0.28

+0.20

+226%

United Financial House

0.26

0.26

--

--

National Wealth Management

0.23

0.25

+0.01

+6%

Tamra Capital

0.14

0.24

+0.10

+71%

Merak Capital

0.17

0.24

+0.07

+44%

Al-Nefaie Investment

0.19

0.23

+0.04

+20%

99Hlala Capital Co.

0.14

0.14

--

--

Asyaf Investments

0.14

0.14

--

--

GIAMCO

0.13

0.13

--

(2%)

Rekaz

0.08

0.09

--

+11%

Arch Capital

0.09

0.09

--

--

Bait Al Mal Al Khaleeji

0.06

0.07

+0.01

+14%

Sidra Capital

0.05

0.05

--

+4%

Aloula Geojit Capital

0.04

0.04

--

--

Credit Suisse Saudi Arabia

0.04

0.04

--

+1%

Investor for Securities

0.03

0.03

--

--

JOA Capital

0.03

0.03

--

+6%

Watheeq Financial Services

0.01

0.01

--

--

SaudiMed

0.01

0.01

--

--

AlKhizanah Capital

0.00

0.00

--

+3%

Dirham Capital

0.00

0.00

--

(44%)

UBS Saudi Arabia

0.00

0.00

--

--

Northern Trust Saudi Arabia

0.00

0.00

--

--

Swicorp

0.00

0.00

--

--

Goldman Sachs Saudi Arabia

0.00

0.00

--

--

Saudi BNP Paribas Investment KSA

0.00

0.00

--

--

HSBC Saudi Arabia

0.00

0.00

--

--

EFG Hermes Saudi Arabia

0.00

0.00

--

--

Deutsche Securities

0.00

0.00

--

--

Total

743.40

770.63

+27.23

+4%

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