Saudi assets under management retreat 2% to SAR 743.3 bln in Q4 2022

28/03/2023 Argaam Special
Saudi Arabian banknotes

Saudi Arabian banknotes


The total assets under management (AUMs) held by capital market institutions that are licensed by Saudi Arabia’s Capital Market Authority (CMA) fell 2%, or SAR 17.5 billion, quarter-on-quarter (QoQ) to SAR 743.3 billion in Q4 2022, according to the authority’s data.

 

Assets Under Management 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

743.29

(17.52)

(2%)

 

 

Dirham Capital reported the steepest decline in AUMs by 91% in Q4 2022. It was followed by Bait Al-mal Alkhalejee (bmk) with 61%.

 

Companies with Most Decline in AUMs (SAR mln)

Company

Q3 2022

Q4 2022

Change

Change (%)

Dirham Capital

18.8

1.7

(17.1)

(91%)

bmk

163.7

64.0

(99.7)

(61%)

Yaqeen Capital

2,836.8

1,860.6

(976.1)

(34%)

Arbah Capital

1,083.3

808.7

(274.5)

(25%)

Saudi Kuwaiti Finance House (SKFH)

730.1

571.5

(158.6)

(22%)

 

 Meanwhile, Tanmeya Capital came first in terms of the biggest increase in AUMs at 265% in Q4 2022. Asyaf Investments followed with a rise of 179%.

 

Companies with Most Increase in AUMs (SAR mln)

Company

Q3 2022

Q4 2022

Change

Change (%)

Tanmeya Capital

90.0

328.8

+238.8

+265%

Asyaf Investments

50.6

141.3

+90.7

+179%

Marifa Capital

127.3

330.7

+203.4

+160%

Areeb Capital

369.8

813.9

+444.1

+120%

Joa Capital

12.7

26.8

+14.1

+111%

 

The following table illustrates AUMs held by capital market institutions (SAR bln):

 

Managed Assets by Firm (SAR bln)

Capital Market Firms

Q3 2022

Q4 2022

Change

Change (%)

SNB Capital

265.10

249.31

(15.79)

(6%)

Riyad Capital

86.86

79.86

(7.00)

(8%)

Alinma Investment

63.35

63.37

+0.02

+0.03%

Al Rajhi Capital

55.86

52.65

(3.21)

(6%)

Jadwa Investment

44.23

48.46

+4.23

+10%

Alistithmar Capital

29.00

25.17

(3.83)

(13%)

Saudi Fransi Capital

24.83

24.42

(0.41)

(2%)

Al Khair Capital

17.00

17.21

+0.21

+1%

ANB Invest

16.05

16.38

+0.33

+2%

Alawwal Invest

18.01

15.50

(2.51)

(14%)

Albilad Investment

14.03

13.87

(0.16)

(1%)

BLOMINVEST

10.73

11.05

+0.32

+3%

Morgan Stanley Saudi Arabia

6.26

10.01

+3.75

+60%

AlJazira Capital

9.59

9.76

+0.17

+2%

Al Khabeer Capital

8.17

8.52

+0.35

+4%

Alpha Capital

9.23

7.84

(1.39)

(15%)

State Street Saudi

--

7.51

--

--

Ashmore Investment Saudi Arabia

6.94

6.81

(0.13)

(2%)

Derayah Capital

6.69

6.01

(0.68)

(10%)

GIB Capital

6.46

5.97

(0.50)

(8%)

Mulkia Capital

5.84

5.81

(0.03)

(1%)

SEDCO Capital

4.73

4.72

(0.01)

(0.2%)

Emirates NBD Capital KSA

4.36

4.43

+0.07

+2%

SICO Capital

3.80

3.80

--

(0.02%)

Tharawat For Financial Securities

4.35

3.51

(0.84)

(19%)

Itqan Capital

2.95

3.34

+0.40

+13%

MEFIC Capital

2.88

3.27

+0.39

+13%

Impact Capital

3.70

3.10

(0.61)

(16%)

Miyar Capital

2.60

2.98

+0.38

+15%

Malaz Capital

2.61

2.93

+0.33

+13%

Adeem Capital

2.62

2.71

+0.09

+3%

Yaqeen Capital

2.84

1.86

(0.98)

(34%)

NOMW Capital

1.80

1.85

+0.05

+3%

Musharaka Capital

1.76

1.80

+0.04

+2%

Sidra Capital

1.65

1.72

+0.07

+4%

Value Partners

1.89

1.67

(0.22)

(12%)

Osool & Bakheet Investment

1.24

1.19

(0.05)

(4%)

FIM Partners KSA

1.13

1.16

+0.03

+3%

Alawwal Capital

0.86

0.95

+0.10

+11%

Kamco Invest

0.95

0.88

(0.07)

(7%)

Areeb Capital

0.37

0.81

+0.44

+120%

SHUAA Capital

0.80

0.80

--

--

Arbah Capital

1.08

0.81

(0.27)

(25%)

KASB Capital

0.68

0.65

(0.03)

(4%)

Investcorp Saudi Arabia

0.74

0.63

(0.11)

(15%)

Arcapita Capital

--

0.61

--

--

SKFH

0.73

0.57

(0.16)

(22%)

Anfaal Capital

0.55

0.55

--

--

Wasatah Capital

0.39

0.55

+0.16

+41%

Sabeen Investments

0.40

0.40

--

+1%

Raz Amwal

--

0.39

--

--

Portfolios Investment

--

0.35

--

--

Marifa Capital

0.13

0.33

+0.20

+160%

Tanmeya Capital

0.09

0.33

+0.24

+265%

Audi Capital

0.34

0.31

(0.04)

(11%)

United Financial House

0.26

0.26

--

--

National Wealth Management

0.24

0.23

--

(2%)

Al-Nefaie Investment

0.19

0.19

--

+2%

Merak Capital

0.17

0.17

--

(1%)

Tamra Capital

--

0.14

--

--

99Hlala Capital Co.

0.14

0.14

--

--

Asyaf Investments

0.05

0.14

+0.09

+179%

GIAMCO

0.13

0.13

--

(1%)

Arch Capital

--

0.09

--

--

Rassanah Capital

--

0.09

--

--

Rekaz

0.08

0.08

--

--

Bait Al Mal Al Khaleeji

0.16

0.06

(0.10)

(61%)

Seedra Investment

--

0.05

--

--

Aloula Geojit Capital

0.04

0.04

--

--

Credit Suisse Saudi Arabia

0.04

0.04

--

+2%

The Investor For Securities Co.

0.03

0.03

--

--

JOA Capital

0.01

0.03

+0.01

+111%

Watheeq Financial Services

0.01

0.01

--

--

SaudiMed

0.01

0.01

--

--

Dirham Capital

0.02

0.00

(0.02)

(91%)

AlKhizanah Capital

--

0.00

--

--

HSBC Saudi Arabia

0.00

0.00

--

--

Swicorp

0.00

0.00

--

--

Total

760.81

743.29

(17.52)

(2%)

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