The total value of assets under management (AUM) by Saudi-based investment funds jumped 25.5 percent year-on-year (YoY) to around SAR 110.2 billion by the end of 2017, new data from the Saudi Arabian Monetary Authority (SAMA) showed.
However, the number of investment funds in the Kingdom has declined to 273 by the end of 2017, from 275 funds a year earlier.
The number of asset managers increased to 41 last year.
NCB Capital led the market in terms of value of assets under management at SAR 32.4 billion, accounting for 29.4 percent of total market. The firm managed 25 funds with nearly 33,000 subscribers.
Samba Capital followed with SAR 16 billion worth of assets under management, and 27,000 subscribers.
Riyad Capital took the third place with assets standing at SAR 11.5 billion, and came first in terms of subscribers (71,000), dispersed across 37 funds under management.
|
Fund Managers |
|||
|
Firm |
Number of funds |
Assets (SAR mln) |
No. of Investors |
|
NCB Capital |
25 |
32,435 |
32,980 |
|
Samba Capital |
19 |
15,956 |
26,588 |
|
Riyad Capital |
37 |
11,509 |
70,713 |
|
Al Rajhi Capital |
13 |
10,260 |
11,994 |
|
Alinma Investment |
6 |
7,608 |
4,307 |
|
HSBC Saudi Arabia |
20 |
5,670 |
26,230 |
|
Aljazira Capital |
13 |
4,890 |
3,579 |
|
Saudi Fransi Capital |
15 |
4,500 |
8,293 |
|
ANB Invest |
13 |
3,890 |
6,888 |
|
Jadwa Investment |
9 |
2,143 |
3,131 |
|
Alawwal Invest |
15 |
2,052 |
2,239 |
|
Alistithmar Capital |
8 |
1,312 |
609 |
|
Falcom Financial Services |
5 |
1,118 |
650 |
|
Albilad Capital |
7 |
921 |
24,742 |
|
Musharaka Capital |
2 |
917 |
4,091 |
|
Osool & Bakheet |
5 |
809 |
3,128 |
|
Middle East Financial Investment Co. (MEFIC) |
3 |
706 |
94 |
|
Mulkia Investment |
3 |
633 |
5,914 |
|
Global Investment House |
1 |
502 |
3 |
|
Ashmore Saudi Arabia |
3 |
413 |
30 |
|
KASB Capital |
8 |
371 |
1,336 |
|
Alawwal Capital |
5 |
367 |
168 |
|
Muscat Capital |
2 |
234 |
34 |
|
Audi Capital |
4 |
156 |
62 |
|
BlomInvest |
4 |
134 |
25 |
|
Bait Al Mal Al Khaleeji |
2 |
124 |
33 |
|
Derayah Capital |
3 |
106 |
135 |
|
Gulf Investors Asset Management |
1 |
89 |
11 |
|
Itqan Capital |
1 |
64 |
32 |
|
Wasatah Capital |
2 |
58 |
39 |
|
Arbah Capital |
2 |
54 |
50 |
|
EFG Hermez KSA |
2 |
54 |
16 |
|
Saudi Kuwaiti Finance House |
2 |
47 |
176 |
|
Al-Khair Capital |
4 |
31 |
55 |
|
The Investor for Securities |
1 |
30 |
5 |
|
Morgan Stanley |
1 |
27 |
6 |
|
NOMW Capital |
1 |
17 |
1 |
|
SEDCO Capital |
1 |
15 |
1 |
|
Al-Nefaie Investment |
2 |
7 |
51 |
|
Aloula Geojit Capital |
2 |
3 |
5 |
|
Tharawat |
1 |
2 |
1 |
|
Total |
273 |
110,234 |
238,445 |
Assets of locally-managed funds increased by 29 percent YoY to SAR 91.1 billion in the same period. Assets of foreign managed funds also rose 11 percent YoY to SAR 19.1 billion.
Investments in foreign assets stood at nearly 17.3 percent of total funds' assets by the end of 2017.
The total number of subscribers grew by 6.3 percent YoY to 238,000.
|
Funds managed by local firms |
|||||
|
Year |
Number of funds |
Local assets (SAR bln) |
Foreign assets (SAR bln) |
Total assets (SAR bln) |
Total investors (000’) |
|
2011 |
249 |
65 |
18 |
82.2 |
294 |
|
2012 |
240 |
70 |
18 |
88.1 |
276 |
|
2013 |
236 |
82 |
21 |
103.2 |
258 |
|
2014 |
252 |
82 |
29 |
110.7 |
246 |
|
2015 |
270 |
76 |
27 |
102.9 |
237 |
|
2016 |
275 |
71 |
17 |
87.8 |
224 |
|
2017 |
273 |
91 |
19 |
110.2 |
238 |
Investment in foreign and local equity markets rose 10 percent YoY to SAR 5.4 billion and SAR 18 billion, respectively.
Fund investments in local stocks represented 16.3 percent of total investments in 2017, compared to 18.7 percent a year earlier.
|
Investment Funds Assets by Investment Type (SAR mln) |
||||||||||
|
Total assets |
Real estate investment |
Other foreign assets |
Other local assets |
Foreign monetary instruments |
Local monetary instruments |
Foreign bonds |
Local Suku & bonds |
Foreign stocks |
Local stocks |
Year |
|
88,068 |
1,817 |
60 |
1,844 |
6,034 |
44,874 |
1,807 |
2,086 |
10,354 |
19,192 |
2012 |
|
103,179 |
3,127 |
409 |
1,411 |
7,005 |
50,809 |
1,731 |
2,878 |
12,170 |
23,639 |
2013 |
|
110,711 |
3,560 |
410 |
4,189 |
15,194 |
45,674 |
2,019 |
3,973 |
11,215 |
24,477 |
2014 |
|
102,898 |
3,365 |
407 |
4,014 |
12,976 |
43,691 |
2,017 |
5,830 |
10,573 |
20,025 |
2015 |
|
87,836 |
3,200 |
388 |
4,698 |
10,570 |
40,793 |
1,282 |
5,577 |
4,940 |
16,386 |
2016 |
|
110,233 |
4,249 |
542 |
8,743 |
11,598 |
55,169 |
1,528 |
4,996 |
5,420 |
17,988 |
2017 |
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