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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