Saudi AUMs rise to SAR 935B in Q2 2024

15/09/2024 Argaam Special
Logo of Capital Market Authority (CMA)

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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