AI Summary
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) rose 7%, or SAR 53 billion, quarter-on-quarter (QoQ) to SAR 823.6 billion in Q2 2023, according to the authority’s data.
AUM held by licensed capital market institutions in Q2 2023 is the largest in years.
|
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 |
743.29 |
(17.52) |
(2%) |
|
Q1 2023 |
770.63 |
+ 27.34 |
+4% |
|
Q2 |
823.63 |
+ 53.00 |
+7% |
Dom Capital led the way with a 100% increase in AUM in Q2 2023. Sidra Capital followed with a 195% rise.
|
Companies with Most Increase in AUM (SAR mln) |
||||
|
Company |
Q1 2023 |
Q2 2023 |
Change |
Change (%) |
|
Dom Capital |
-- |
108.81 |
108.81 |
100 % |
|
Sidra Capital |
53.69 |
158.29 |
104.60 |
195% |
|
Watheeq Financial Services |
9.46 |
20.76 |
11.30 |
119% |
|
Ashmore Investment Saudi Arabia |
6,803.89 |
11,891.78 |
5,087.89 |
75% |
|
Tamra Capital |
243.2 |
375.63 |
132.43 |
54% |
|
Arbah Capital |
696.09 |
992.08 |
295.99 |
43% |
On the other hand, Alkhizanah Capital reported the steepest decline in AUM, with a 100% fall. Impact46 came in second with a 69% fall.
|
Companies with Most Decline in AUM (SAR mln) |
||||
|
Company |
Q1 2023 |
Q2 2023 |
Change |
Change (%) |
|
Alkhizanah Capital |
1665.6 |
303.6 |
(1362.0) |
(82%) |
|
Impact46 |
1.7 |
1.0 |
(0.8) |
(44%) |
|
Kasb Capital |
1860.6 |
1567.1 |
(293.6) |
(16%) |
|
State Street Saudi Arabia |
808.7 |
696.1 |
(112.7) |
(14%) |
|
Dirham Capital |
|
|
|
|
|
Mulkia Investment |
3799.6 |
3311.0 |
(488.6) |
(13%) |
SNB Capital topped the list of capital market institutions in terms of AUM, with about SAR 271.2 billion during the second quarter of this year, representing 33% of the total AUM value. It was followed by Riyad Capital, with nearly SAR 84 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 |
271.22 |
32.9% |
|
Riyad Capital |
83.95 |
10.2% |
|
Alinma Investment |
70.87 |
8.6% |
|
Al Rajhi Capital |
60.69 |
7.4% |
|
Jadwa Investment Co. |
57.06 |
6.9% |
|
Alistithmar Capital |
27.37 |
3.3% |
|
Saudi Fransi Capital |
25.27 |
3.1% |
|
SAB Invest |
20.92 |
2.5% |
|
AlKhair Capital Saudi Arabia |
19.35 |
2.3% |
|
Albilad Investment |
18.34 |
2.2% |
|
ANB Invest |
17.21 |
2.1% |
|
Blom Invest |
12.27 |
1.5% |
|
AlJazira Capital |
12.07 |
1.5% |
|
Ashmore Investment Saudi Arabia |
11.89 |
1.4% |
|
Morgan Stanley Saudi Arabia |
11.08 |
1.3% |
|
Al Khabeer Capital |
9.07 |
1.1% |
|
Alpha Capital |
8.23 |
1.0% |
|
Derayah Capital |
7.81 |
0.9% |
|
GIB Capital |
6.47 |
0.8% |
|
Emirates NBD Capital KSA |
5.56 |
0.7% |
|
Tharawat |
5.06 |
0.6% |
|
State Street Saudi Arabia |
4.77 |
0.6% |
|
SEDCO Capital |
4.38 |
0.5% |
|
Mulkia Investment |
4.16 |
0.5% |
|
Itqan Capital |
3.69 |
0.4% |
|
Miyar Capital |
3.51 |
0.4% |
|
SICO Capital |
3.48 |
0.4% |
|
MEFIC Capital |
3.22 |
0.4% |
|
Malaz Capital |
2.94 |
0.4% |
|
Adeem Capital |
2.65 |
0.3% |
|
Remaining firms |
29.06 |
3.5% |
|
Total |
823.63 |
100.0% |
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