Saudi Arabian banknotes
The total value of assets held by investment funds in Saudi Arabia fell by 5% to SAR 215.7 billion in Q1 2022, compared to SAR 227.2 billion a year earlier, data issued by the Saudi Central Bank (SAMA) showed.
The decline was attributed to a 28% decrease year-on-year (YoY) in foreign assets – which represent 27% of total assets – to SAR 57.6 billion. On the other hand, local fund assets – equivalent to 73% of total assets – edged up 7% to SAR 158.1 billion.
Investment funds are either open- or closed-end, with total assets of open-end funds at approximately SAR 184.9 billion, accounting for 86% of the total assets of the funds. The assets of closed-end investment funds amounted to SAR 30.8 billion.
|
Investment Funds Assets (SAR bln) |
|||
|
Period |
Q4 2021 |
Q1 2022 |
Change |
|
Local assets |
147.69 |
158.09 |
+7% |
|
Foreign assets |
79.48 |
57.60 |
(28%) |
|
Total |
227.17 |
215.68 |
(5%) |
Investment funds hold both local and foreign assets, each including shares, bonds, cash instruments and other assets, as well as real estate investments. The following table indicates investment funds assets since 2005:
|
Development in Investment Fund Assets (SAR bln) |
||||
|
Period |
Local Assets |
Foreign Assets |
Total |
YoY Change |
|
2005 |
115.66 |
21.31 |
136.97 |
+127% |
|
2006 |
61.34 |
22.76 |
84.11 |
(39%) |
|
2007 |
79.89 |
25.21 |
105.10 |
+25% |
|
2008 |
61.26 |
13.55 |
74.81 |
(29%) |
|
2009 |
74.14 |
15.41 |
89.55 |
+20% |
|
2010 |
74.44 |
20.30 |
94.74 |
+6% |
|
2011 |
64.53 |
17.66 |
82.19 |
(13%) |
|
2012 |
69.81 |
18.26 |
88.07 |
+7% |
|
2013 |
81.86 |
21.32 |
103.18 |
+17% |
|
2014 |
81.87 |
28.84 |
110.71 |
+7% |
|
2015 |
75.92 |
26.98 |
102.90 |
(7%) |
|
2016 |
70.66 |
17.18 |
87.84 |
(15%) |
|
2017 |
91.15 |
19.09 |
110.23 |
+25% |
|
2018 |
93.65 |
18.21 |
111.86 |
+1% |
|
2019 |
133.44 |
26.52 |
159.96 |
+43% |
|
2020 |
149.56 |
60.16 |
209.72 |
+31% |
|
2021 |
147.69 |
79.48 |
227.17 |
+8% |
|
Q1 2022* |
158.09 |
57.60 |
215.68 |
(5%) |
There were 253 investment funds operating in the Kingdom by the end of Q1 2022.
|
Number of Investment Funds since 2005 |
||
|
Change |
No. of Operating Funds |
Period |
|
+11 |
199 |
2005 |
|
+15 |
214 |
2006 |
|
+38 |
252 |
2007 |
|
+10 |
262 |
2008 |
|
(18) |
244 |
2009 |
|
(1) |
243 |
2010 |
|
+6 |
249 |
2011 |
|
(9) |
240 |
2012 |
|
(4) |
236 |
2013 |
|
+16 |
252 |
2014 |
|
+18 |
270 |
2015 |
|
+5 |
275 |
2016 |
|
(2) |
273 |
2017 |
|
(24) |
249 |
2018 |
|
+4 |
253 |
2019 |
|
+1 |
254 |
2020 |
|
+2 |
256 |
2021 |
|
(3) |
253 |
Q1 2022* |
*Change since year beginning.
The number of subscribers retreated by 20,500 to 508,800 by the end of Q1 2022, when compared to 2021-end. The following is a table showing development in the number of subscribers since 2005:
|
Number of Subscribers Since 2005 |
||
|
Change |
No. of Subscribers |
Period |
|
369927+ |
568284 |
2005 |
|
(68316) |
499968 |
2006 |
|
(73883) |
426085 |
2007 |
|
(51110) |
374975 |
2008 |
|
(18644) |
356331 |
2009 |
|
(35916) |
320415 |
2010 |
|
(26510) |
293905 |
2011 |
|
(18281) |
275624 |
2012 |
|
(17514) |
258110 |
2013 |
|
(12079) |
246031 |
2014 |
|
(9054) |
236977 |
2015 |
|
(12566) |
224411 |
2016 |
|
14034+ |
238445 |
2017 |
|
94122+ |
332567 |
2018 |
|
(2828) |
329739 |
2019 |
|
29155+ |
358894 |
2020 |
|
170418+ |
529312 |
2021 |
|
(20507) |
508805 |
Q1 2022* |
*Change since year beginning.
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