{"id":99396,"date":"2025-08-05T00:00:00","date_gmt":"2025-08-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/08\/05\/saudi-capital-markets-extend-gains-across-asset-classes-in-2024\/"},"modified":"2025-08-05T00:00:00","modified_gmt":"2025-08-05T00:00:00","slug":"saudi-capital-markets-extend-gains-across-asset-classes-in-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/08\/05\/saudi-capital-markets-extend-gains-across-asset-classes-in-2024\/","title":{"rendered":"Saudi capital markets extend gains across asset classes in 2024"},"content":{"rendered":"

The value of sukuk and debt instruments listed on <\/strong>Tadawul rose 20% y-o-y <\/strong>to SAR 663.5 bn last year<\/strong>, according to the Capital Market Authority\u2019s (CMA) annual report (pdf)<\/a>. Proceeds from sukuk and debt offerings also climbed 35% y-o-y to SAR 40.4 bn by year-end, of which SAR 39.4 bn were raised through private placements offerings and SAR 1 bn were raised through public offerings. <\/p>\n

On the equity side:<\/strong> The CMA approved 60 public offering and share registration applications in 2024, up 36.4% y-o-y. Total IPO proceeds reached over SAR 13 bn from 44 new listings (13 on the main market, 27 on Nomu).<\/p>\n

Assets under management (AUM) by CMA-licensed fund and portfolio managers rose<\/strong> 20.9% y-o-y in 2024<\/strong>, surpassing SAR 1 tn. Exchange-traded funds (ETFs) recorded an unprecedented 935% jump, reaching SAR 6.7 bn, while venture capital fund assets rose 63% to exceed SAR 4 bn. Funds of funds also expanded sharply, with assets up 126.5% to more than SAR 10 bn.<\/p>\n

The CMA signed off on 44 new public funds in 2024, up 51% y-o-y, as the market<\/strong> continued to diversify.<\/strong> The approvals covered 15 equity funds, seven endowment (Waqf) funds, five money market funds, five funds of funds, four ETFs, and two each of multi-asset and closed-end investment traded funds. Rounding out the list were one sukuk and debt fund, one capital-protected fund, one closed-end REIT, and one feeder fund. Investor appetite was on the rise, with subscribers to public and private investment funds climbing 47% to 1.7 mn by year-end.<\/p>\n

New players in the game:<\/strong> The CMA licensed 25 new capital market institutions last year, bringing the total to 186 in 2024. Revenues across these firms climbed 29.6% to SAR 17 bn, while their combined net income jumped 39.3% to SAR 8.8 bn. <\/p>\n

The regulator also expanded its fintech sandbox<\/strong>, granting four new permits, including models for fund distribution, robo-advisory, debt offerings, and social trading, bringing the total number of experimental fintech models to 46 by the end of 2024. <\/p>\n","protected":false},"excerpt":{"rendered":"

Proceeds from sukuk and debt offering hit SAR 40.4 bn by the end of 2024<\/p>\n","protected":false},"author":1,"featured_media":99397,"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":[1056,2419,57,10,208,118,2452],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-99396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-capital-market-authority-cma","tag-capital-markets","tag-debt-watch","tag-enterpriseam-ksa","tag-fintech","tag-sukuk","tag-tadawul","wpautop","entry"],"acf":{"mongo_id":"11d0e702-e7ef-4ac0-9b99-6fb4b8f45daf","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/677.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi capital markets extend gains across asset classes in 2024","related_issue":[99389],"teaser":"Proceeds from sukuk and debt offering hit SAR 40.4 bn by the end of 2024","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.a76b534b-d352-4dee-a0ac-46cbbde00d97.mp3"},"yoast_head":"\nSaudi capital markets extend gains across asset classes in 2024 - 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