{"id":89491,"date":"2024-09-10T00:00:00","date_gmt":"2024-09-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/10\/investment-fund-assets-in-saudi-reach-sar-612-bn-in-2q-2024\/"},"modified":"2024-09-10T00:00:00","modified_gmt":"2024-09-10T00:00:00","slug":"investment-fund-assets-in-saudi-reach-sar-612-bn-in-2q-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/10\/investment-fund-assets-in-saudi-reach-sar-612-bn-in-2q-2024\/","title":{"rendered":"Investment fund assets in Saudi reach SAR 612 bn in 2Q 2024"},"content":{"rendered":"

Total assets under management (AUM) by public and private investment <\/strong>funds in Saudi rose 19% y-o-y to SAR 611.6 bn in 2Q 2024<\/strong>, according to the Capital Market Authority\u2019s quarterly statistical bulletin (pdf)<\/a>. The report points to a total of 1390 funds operating in the Kingdom, with private funds accounting for the lion\u2019s share (1,085) of that figure.<\/p>\n

The breakdown:<\/strong> Public fund assets grew 19.8% y-o-y to SAR 145 bn in 2Q 2024, and were up 6.1% q-o-q. Holdings of money market instruments represented the largest asset category held by public funds at SAR 40.6 bn, but were down 5.5% y-o-y. These were followed by equities (up 38% at SAR 37.2 bn), real estate investment trusts (up 3.9% at SAR 27.2 bn), and debt instruments (up 39.5% at SAR 23.4 bn). <\/p>\n

Local assets held by public funds saw a 32.5% increase to SAR 125 bn<\/strong>, while foreign assets dropped 25% to SAR 20 bn. The number of Saudi public funds stood at 305 at 2Q 2024, up from 276 a year earlier, while subscribers to public funds were up 50.4% at 1.2 mn subscribers. <\/p>\n

REMEMBER- <\/strong>PIF\u2019s assets under management rose 29% y-o-y to SAR 2.9 tn by the end of 2023<\/a>, the fund said in its 2023 annual report. Some 76% of these assets are in local investments, while 20% are international investments, and 3% of its portfolio is in treasuries. The majority of the fund\u2019s AUM (85%) are managed internally, while the balance is externally managed.<\/p>\n

On the private side:<\/strong> Private fund assets increased 18.6% y-o-y at SAR 466.6 bn, and were up 1.5% q-o-q. Equities accounted for 43.3% of private fund assets (SAR 201.8 bn), followed by real estate funds at 40.5% (SAR 189 bn). The number of private funds stood at 1.1k by the second quarter of this year, up from 854 a year prior, while subscribers were up 47.2% at 122k.<\/p>\n

ALSO FROM THE REPORT- <\/p>\n

Institutional investors continued to account for the lion\u2019s share of the equity market<\/strong>, with 95.6% ownership in the country\u2019s stock market, according to the report. Saudi government-related entities also held the largest portion of equities (64.8%) in the market during the quarter, followed by Saudi corporates, which held 18.0%, Saudi individual professional investors (4.7%) and foreign qualified institutional investors (3.2%). <\/p>\n","protected":false},"excerpt":{"rendered":"

Public fund assets increased 20% y-o-y to SAR 145 bn<\/p>\n","protected":false},"author":1,"featured_media":89492,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2704],"tags":[2453,2419,10,2455,2454],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-assets-under-management","tag-capital-markets","tag-enterpriseam-ksa","tag-private-funds","tag-public-funds","wpautop","entry"],"acf":{"mongo_id":"36164532-b76b-4ea1-b6f1-a70f4bc21928","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/712.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Investment fund assets in Saudi reach SAR 612 bn in 2Q 2024","related_issue":[89486],"teaser":"Public fund assets increased 20% y-o-y to SAR 145 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.3b43639d-88c8-4a66-a354-270dc747439a.mp3"},"yoast_head":"\nInvestment fund assets in Saudi reach SAR 612 bn in 2Q 2024 - 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