The value of assets of local and foreign public investment funds in the Saudi financial market increased by 37% annually, reaching 160,087 billion riyals, an increase of approximately 43 billion riyals by the end of the third quarter of the year 2024 AD. Compared to 117,117 billion riyals for the same period in the year 2023 AD.
A quarterly growth of 10.4% was achieved in the value of assets, which is an estimated increase of 15,120 billion riyals compared to 144,967 billion riyals at the end of the second quarter of this year.
According to the quarterly statistical data of the Capital Market Authority, the number of customers reached 1,570,452 customers, achieving an annual growth of 51%, an increase of about 528 thousand customers compared with 1,042,484 customers at the end of the same period last year. Bulletin 2024 AD
Growth was supported by the increase in local investment assets, which achieved an annual increase of 42%, with an estimated increase of 39,598 billion riyals, reaching a total of approximately 134,431 billion riyals, representing 84% of the general total value of assets.
While the value of foreign investment assets recorded an annual increase of 15.1%, with an increase of more than 3 billion riyals, reaching 25,656 billion riyals, representing 16% of the general total value of assets.
The number of public investment funds increased by 10% on an annual basis, with an increase of 27 investment funds to a total of 310 funds.
The assets of the Public Investment Fund were distributed among 14 investment types, the largest in terms of value. Money market assets amounted to 44,868 billion riyals, which is 28% of total assets. Secondly, “stock” assets amounted to 34,767 billion riyals, accounting for 27.3% of total assets. Third, “Real Estate Investment Traded Fund” had assets of 29,263 billion riyals, accounting for 18.3% of total assets. The “debt instrument” assets of the fund represent 14% of total assets, with a value of 22,236 billion riyals.