News

Saudi funds surpass $100bn in Q2

The assets in Saudi Arabia-based investment funds rose by 17.85% year on year in Q2 to exceed the US$100 billion mark. According to statistics from the Capital Market Authority, reported by data firm Mubasher, the value of public and private funds increased from $86.13 billion to $101.3 billion. The surge was more evident in public investment funds which grew by 44% year on year between April and June to $48.40 billion, accounting for just under half of the total assets. Furthermore, foreign assets, accounted for 22% of public fund assets, a jump of 88% since Q2 2019. Meanwhile assets in private funds increased by just 1.1% in the quarter but accounted for a greater proportion of all funds’ assets at $53.08 billion. The number of investment funds also rose in the quarter by 12.4% compared to Q2 in 2019, from 564 to 634 with 381 private funds and 253 public funds. © 2020 funds global mena

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Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

Roundtables

Middle East Investor Roundtable 2020: Dimensions of diversification

Investors in the Middle East consider the tools that will be needed to navigate the Covid-19 crisis, the continued appetite for dividend and why it’s all about tech. Chaired by Romil Patel.

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

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Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.

ROUNDTABLE: Hooked to the global caravan

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.