Saudi investment funds assets decline in Q3 2018: SAMA

07/01/2019 Argaam

 

The total value of assets held in investment funds in Saudi Arabia fell by SAR 1.2 billion quarter-on-quarter (QoQ) in the third quarter 2018 to SAR 118 billion from SAR 119 billion, according to the latest data released by Saudi Arabian Monetary Authority (SAMA).

 

Assets in real estate investment funds registered a 26 percent increase in Q3 2018 to SAR 11.7 billion from SAR 9.3 billion in Q2 2018, the data showed.

 

Domestic shares, other domestic assets and foreign money market instruments also recorded an increase in assets during Q3 2018.

 

However, funds of domestic money markets instruments slipped 6.6 percent QoQ in assets to SAR 55.4 billion from SAR 59.3 billion.

 

Assets of foreign shares fell to SAR 4.6 billion; funds held in domestic sukuk and bonds lowered to SAR 4.3 billion, while foreign bonds stood at SAR 1.3 billion in during the period, the data showed.

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