AI Summary
Saudi Arabian banknotes
The total value of assets held by investment funds in Saudi Arabia fell by 9% to SAR 174.3 billion in Q3 2022, compared to SAR 192.5 billion a year earlier, data issued by the Saudi Central Bank (SAMA) showed.
The decline was attributed to a 6% year-on-year (YoY) drop in local assets – which represent 77% of total assets – to SAR 134.7 billion. In addition, foreign fund assets – equivalent to 23% of the total – shed 20% to SAR 39.7 billion.
Investment funds are either open- or closed-end, with total assets of open-end funds at approximately SAR 148.1 billion, accounting for 85% of the total. Assets of closed-end investment funds amounted to SAR 26.3 billion.
|
Investment Funds Assets (SAR bln) |
|||
|
Period |
Q2 2022 |
Q3 2022 |
Change |
|
Local assets |
142.66 |
134.66 |
(6%) |
|
Foreign assets |
49.85 |
39.68 |
(20%) |
|
Total |
192.51 |
174.35 |
(9%) |
Investment funds hold both local and foreign assets, each including shares, bonds, cash instruments and other assets. Real estate investments are also on the list.
The following table indicates assets of investment funds 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% |
|
Q3 2022* |
134.66 |
39.68 |
174.35 |
(23%) |
There were 253 investment funds operating in the Kingdom by the end of Q3 2022.
The table below shows development in the number of active investment funds since 2005:
|
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 |
Q3 2022* |
*Change since year-start.
The number of subscribers rose by 133,300 to 662,600 by the end of Q3 2022, compared to 2021-end. Development in the number of subscribers since 2005 is indicated as follows:
|
Number of Subscribers since 2005 |
||
|
Change |
No. of Subscribers |
Period |
|
+369,927 |
568,284 |
2005 |
|
(68,316) |
499,968 |
2006 |
|
(73,883) |
426,085 |
2007 |
|
(51,110) |
374,975 |
2008 |
|
(18,644) |
356,331 |
2009 |
|
(35,916) |
320,415 |
2010 |
|
(26,510) |
293,905 |
2011 |
|
(18,281) |
275,624 |
2012 |
|
(17,514) |
258,110 |
2013 |
|
(12,079) |
246,031 |
2014 |
|
(9,054) |
236,977 |
2015 |
|
(12,566) |
224,411 |
2016 |
|
+14,034 |
238,445 |
2017 |
|
+94,122 |
332,567 |
2018 |
|
(2,828) |
329,739 |
2019 |
|
+29,155 |
358,894 |
2020 |
|
+170,418 |
529,312 |
2021 |
|
+133,305 |
662,617 |
Q3 2022* |
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