‎Public investment fund assets hit SAR 160.1B in Q3

‎Public investment fund assets hit SAR 160.1B in Q3 ‎Public investment fund assets hit SAR 160.1B in Q3

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Saudi Arabian banknotes

Assets of public investment funds in Saudi Arabia rose to SAR 160.1 billion in Q3 2024, an increase of 10% from SAR 145 billion in Q2 2024, data from the Saudi Central Bank (SAMA) showed.

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The increase was driven by the rise in assets of local funds by 8% quarter-on-quarter (QoQ) to SAR 134.4 billion, which represents 84% of total assets. Meanwhile, assets of foreign funds, which represent 16% of total assets, rose by 28% QoQ to about SAR 25.7 billion.

The assets of local and foreign investment funds include stocks, bonds, cash instruments, other assets, and real estate investments.

The public investment funds are divided into open and closed funds, with the total assets of 284 open funds at about SAR 128.7 billion, or 80% of the total assets. The value of the assets of 26 closed investment funds reached nearly SAR 31.4 billion.

The number of active public investment funds at the end of Q3 2024 reached 310, compared to 305 in Q2 2024.

The number of subscribers to investment funds rose by about 340,000 QoQ to reach about 1.57 million subscribers at the end of Q3 2024.

For more news and details on Mutual Funds

 

Saudi Arabian banknotes

Assets of public investment funds in Saudi Arabia rose to SAR 160.1 billion in Q3 2024, an increase of 10% from SAR 145 billion in Q2 2024, data from the Saudi Central Bank (SAMA) showed.

The increase was driven by the rise in assets of local funds by 8% quarter-on-quarter (QoQ) to SAR 134.4 billion, which represents 84% of total assets. Meanwhile, assets of foreign funds, which represent 16% of total assets, rose by 28% QoQ to about SAR 25.7 billion.

The assets of local and foreign investment funds include stocks, bonds, cash instruments, other assets, and real estate investments.

The public investment funds are divided into open and closed funds, with the total assets of 284 open funds at about SAR 128.7 billion, or 80% of the total assets. The value of the assets of 26 closed investment funds reached nearly SAR 31.4 billion.

The number of active public investment funds at the end of Q3 2024 reached 310, compared to 305 in Q2 2024.

The number of subscribers to investment funds rose by about 340,000 QoQ to reach about 1.57 million subscribers at the end of Q3 2024.

For more news and details on Mutual Funds

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