Assets of Saudi Public, Private Investment Funds Amount to $86.1 Bn

  • 8/6/2019
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The value of public and private assets of investment funds in Saudi Arabia registered a new leap during Q2 2019, amounting to SAR323 billion ($86.1 billion), compared to SAR310 billion ($82.6 billion) in Q1 of the same year. According to Saudi Capital Markets Authority (CMA), the value of public and private funds’ assets jumped by 4.1 percent in the Q2 2019 while the value of the private investment funds’ assets grew by 3.5 percent, and the value of public fund assets grew by 5.3 percent. The value of the assets of private investment funds amounted to SAR196.9 billion ($52.5 billion) at the end of Q2 2019 compared with SAR190.1 billion ($50.6 billion dollars) in the first quarter. Meanwhile, the value of assets of public investment funds amounted to SAR126.1 billion ($33.6 billion) by the end of Q2 2019 compared with SAR119.7 billion ($31.9 billion) in Q1 2019. According to the CMA, the investment fund includes a set of securities that are selected according to specific criteria that meet the objectives of the investment funds, including the public and special funds. Profits of the investment funds come usually from capital gains, which are the profits resulting from the improvement or change in the prices of the securities invested in addition to dividend profits, if any, for securities. In this context, foreign investments by non-founders in the Saudi stock market rose to 5.1 percent of the total market last week compared to 5.03 percent at the end of the previous week. This rise is due to net purchases amounting to SAR712.7 million ($190 million) made last week. Therefore, non-founder foreign investors ownership in the Saudi stock market has continued to record all-time highs. This ownership includes swap agreements, eligible and residing investors and excludes the founders’ strategic shares.

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