Saudi AUM down 4% to SAR 790.2B in Q3 2023

14/12/2023 Argaam Special

Saudi AUM down 4% to SAR 790.2B in Q3 2023

Logo of Capital Market Authority (CMA)


The total assets under management (AUM) held by capital market institutions licensed by Saudi Arabia’s Capital Market Authority (CMA) fell 4%, or SAR 33.5 billion, quarter-on-quarter (QoQ) to SAR 790.2 billion in Q3 2023, according to the authority’s data.

 

Assets Under Management (SAR bln) Since 2018

Period

Value

Change (SAR bln)

Change

Q1 2018

395.82

+ 4.74

+1%

Q2 2018

422.21

+ 26.39

+7%

Q3 2018

431.57

+ 9.36

+2%

Q4 2018

454.30

+ 22.73

+5%

Q1 2019

466.06

+ 11.76

+3%

Q2 2019

484.22

+ 18.16

+4%

Q3 2019

482.41

(1.81)

(0.4%)

Q4 2019

500.02

+ 17.61

+ 4%

Q1 2020

481.35

(18.67)

(4%)

Q2 2020

515.97

+ 34.62

7%

Q3 2020

566.71

+ 50.74

+10%

Q4 2020

611.72

+ 45.01

+8%

Q1 2021

677.33

+ 65.61

+11%

Q2 2021

703.27

+ 25.94

+4%

Q3 2021

740.45

+ 37.18

+5%

Q4 2021

758.57

+ 18.12

+2%

Q1 2022

816.70

+ 58.13

+8%

Q2 2022

756.98

(59.72)

(7%)

Q3 2022

760.81

+ 3.83

+1%

Q4 2022

743.40

(17.41)

(2%)

Q1 2023

770.63

+ 27.23

+4%

Q2 2023

823.63

+ 53.00

+7%

Q3 2023

790.16

(33.47)

(4%)

 

 

Arch Capital led the way with a 229% QoQ increase in AUM in Q3 2023. SICO Capital followed with a 75% QoQ rise.

 

Companies with Most Increase in AUM (SAR mln)

Company

Q2 2023

Q3 2023

Change

Change (%)

Arch Capital

89.5

294.5

+205.0

+229%

SICO Capital

3477.2

6086.3

+2609.1

+75%

Arcapita

612.1

937.5

+325.4

+53%

NOMW Capital

2051.5

2934.9

+883.4

+43%

Rassanah Capital

291.1

409.4

+118.3

+41%

 

On the other hand, 99 Halalah Financial reported the steepest decline in AUM, with a 100% QoQ fall. Dom Capital came in second with a 48% QoQ decline.

 

Companies with Most Decline in AUM (SAR mln)

Company

Q2 2023

Q3 2023

Change

Change (%)

99 Halalah Financial

142.0

--

(142.0)

(100%)

Dom Capital

108.8

56.8

(52.0)

(48%)

Ashmore Investment Saudi Arabia

11891.8

7568.8

(4323.0)

(36%)

Mulkia Investment

4164.8

2924.8

(1240.0)

(30%)

Emirates NBD Capital

5557.2

4010.3

(1546.9)

(28%)

 

SNB Capital topped the list of capital market institutions in terms of AUM, with about SAR 237.5 billion during the third quarter of 2023, representing 30% of the total AUM value. It was followed by Riyad Capital, with nearly SAR 84.7 billion.

 

The following table details the volume of AUM at capital market institutions:

 

Managed Assets by Capital Market Institutions (SAR bln) 

Company

Value

Percentage to total (%)

SNB Capital

237.46

 30.1%

Riyad Capital

84.67

 10.7%

Alinma Investment

69.82

 8.8%

Al Rajhi Capital

64.96

 8.2%

Jadwa Investment Co.

53.43

 6.8%

Alistithmar Capital

30.77

 3.9%

SAB Invest

23.09

 2.9%

Saudi Fransi Capital

22.13

 2.8%

AlKhair Capital Saudi Arabia

18.43

 2.3%

Albilad Investment

16.29

 2.1%

ANB Invest

16.26

 2.1%

AlJazira Capital

13.85

 1.8%

Blom Invest

13.27

 1.7%

Morgan Stanley Saudi Arabia

11.97

 1.5%

Al Khabeer Capital

8.74

 1.1%

Alpha Capital

8.61

 1.1%

Derayah Capital

7.73

 1.0%

Ashmore Investment Saudi Arabia

7.57

 1.0%

GIB Capital

6.52

 0.8%

SICO Capital

6.09

 0.8%

State Street Saudi Arabia

5.24

 0.7%

Tharawat

5.09

 0.6%

SEDCO Capital

4.79

 0.6%

Emirates NBD Capital KSA

4.01

 0.5%

Itqan Capital

4.01

 0.5%

Miyar Capital

3.58

 0.5%

MEFIC Capital

3.25

 0.4%

Malaz Capital

3.01

 0.4%

Nomw Capital

2.93

 0.4%

Mulkia Investment

2.92

 0.4%

Remaining firms

29.66

 3.8%

Total

790.16

 100.0%

 

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