News

Assets in Saudi funds rose 15% in 2018

AuM riseInvestment funds in Saudi Arabia saw their assets grow by 15.2%, year on year in 2018 according to data released by the Capital Markets Authority, the kingdom’s securities regulator. In total, assets grew from $67.16 billion in 2017 to $77.37 billion in 2018. The significant growth was in private investment funds, which increased by 25.9% from $37.77 billion to $47.54% between 2017 and 2018. Growth in public investment funds was much more modest, rising just 1.5% from $29.4 billion to $29.83 billion. The number of subscribers to Saudi investment funds grew considerably in 2018, up by 38.8% to 336,506 compared to 242,492 in 2017. Meanwhile the number of registered funds actually decreased by one to 542. ©2019 funds global mena

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