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 3%, or SAR 26.6 billion, quarter-on-quarter (QoQ) to SAR 935 billion in Q2 2024, according to the authority’s data.
Assets Under Management (SAR bln) Since 2018 |
|||
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 |
+26.6 |
+3% |
Dom Capital led the way with a 121% increase in AUMs in Q2 2024. Impact46 followed with an 111% rise.
Top Performers in AUMs (SAR mln) |
||||
Company |
Q1 2024 |
Q2 2024 |
Change |
Change (%) |
Dom Capital |
4.7 |
10.4 |
+5.7 |
+121% |
Impact46 |
909.0 |
1915.1 |
+1006.1 |
+111% |
Bayt Alnomow Capital |
96.1 |
150.4 |
+54.3 |
+57% |
Watheeq Financial Services |
56.4 |
87.4 |
+31.0 |
+55% |
Al Nefaie Investment Group |
701.5 |
1078.9 |
+377.4 |
+54% |
On the other hand, Bait Al Mal Al Khaleeji (BMK) reported the steepest decline in AUMs, with a 40% fall. Adeem Capital came in second with a 33% drop.
Worst Performers in AUMs (SAR mln) |
||||
Company |
Q1 2024 |
Q2 2024 |
Change |
Change (%) |
BMK |
125.0 |
74.6 |
(50.4) |
(40%) |
Adeem Capital |
3115.6 |
2103.0 |
(1012.6) |
(33%) |
KASB Capital |
569.2 |
471.7 |
(97.5) |
(17%) |
Wasatah Capital |
1243.2 |
1066.6 |
(176.6) |
(14%) |
Arbah Capital |
546.2 |
474.9 |
(71.3) |
(13%) |
Investcorp Capital |
125.0 |
74.6 |
(50.4) |
(40%) |
SNB Capital topped the list of capital market institutions in terms of AUMs, with about SAR 260.6 billion during the second quarter of this year, representing 28% of the total AUM value. It was followed by Al Rajhi Capital, with nearly SAR 98 billion.
The following table details AUMs at capital market institutions at the end of Q2 2024:
AUMs of Capital Market Institutions (SAR bln) |
||
Company |
Value |
Percentage to Total (%) |
SNB Capital |
260.58 |
27.9% |
Al Rajhi Capital |
98.03 |
10.5% |
Riyad Capital |
89.12 |
9.5% |
Alinma Investment |
78.99 |
8.4% |
Jadwa Investment Co. |
66.91 |
7.2% |
Alistithmar Capital |
34.01 |
3.6% |
SAB Invest |
32.21 |
3.4% |
AlJazira Capital |
21.11 |
2.3% |
Albilad Investment |
20.73 |
2.2% |
ANB Invest |
19.65 |
2.1% |
Saudi Fransi Capital |
18.91 |
2.0% |
Morgan Stanley Saudi Arabia |
15.81 |
1.7% |
AlKhair Capital Saudi Arabia |
14.93 |
1.6% |
Blom Invest |
14.27 |
1.5% |
Alpha Capital |
13.48 |
1.4% |
Derayah Capital |
13.16 |
1.4% |
Al Khabeer Capital |
9.32 |
1.0% |
GIB Capital |
8.59 |
0.9% |
Ashmore Investment Saudi Arabia |
8.19 |
0.9% |
State Street Saudi Arabia |
7.58 |
0.8% |
SICO Capital |
6.92 |
0.7% |
SEDCO Capital |
6.28 |
0.7% |
Areeb Capital |
5.98 |
0.6% |
Tharawat |
5.71 |
0.6% |
Itqan Capital |
5.15 |
0.6% |
MEFIC Capital |
4.51 |
0.5% |
NBK Wealth |
3.93 |
0.4% |
Miyar Capital |
3.5 |
0.4% |
NOMW Capital |
3.45 |
0.4% |
Mulkia Investment |
3.14 |
0.3% |
Others |
40.77 |
4.4% |
Total |
934.96 |
100% |
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