Saudi AUMs rise to SAR 999.9B in Q3 2024

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 64.9 billion, quarter-on-quarter (QoQ) to around SAR 999.9 billion in Q3 2024, according to the CMA’s data.

 

Private funds held nearly SAR 500.1 billion (50%) of total AUMs, followed by managed portfolios with about SAR 339.7 billion (34%), then public funds with SAR 160.1 billion (16%).

 

AUMs Performance (SAR bln)

Period

Value

Change

(SAR bln)

Change

Q1 2018

395.8

+4.7

+1%

Q2 2018

422.2

+26.4

+7%

Q3 2018

431.6

+9.4

+2%

Q4 2018

454.3

+22.7

+5%

Q1 2019

466.1

+11.8

+3%

Q2 2019

484.2

+18.2

+4%

Q3 2019

482.4

(1.8)

(0.4%)

Q4 2019

500.0

+17.6

+4%

Q1 2020

481.4

(18.7)

(4%)

Q2 2020

516.0

+34.6

+7%

Q3 2020

566.7

+50.7

+10%

Q4 2020

611.7

+45.0

+8%

Q1 2021

677.3

+65.6

+11%

Q2 2021

703.3

+25.9

+4%

Q3 2021

740.5

+37.2

+5%

Q4 2021

758.6

+18.1

+2%

Q1 2022

816.7

+58.1

+8%

Q2 2022

757.0

(59.7)

(7%)

Q3 2022

760.8

+3.8

+1%

Q4 2022

743.4

(17.4)

(2%)

Q1 2023

770.6

+27.2

+4%

Q2 2023

823.6

+53.0

+7%

Q3 2023

790.2

(33.5)

(4%)

Q4 2023

871.3

+81.1

+10%

Q1 2024

908.3

+37.1

+4%

Q2 2024

935.0

+26.7

+3%

Q3 2024

999.9

+64.9

+7%
 

In terms of sector companies with the highest growth in the value of AUMs, Tatimah Capital led with a 471% increase in Q3 2024. Watheeq Financial followed with a 285% rise.

 

Top Performers in AUMs (SAR mln)

Company

Q2 2024

Q3 2024

Change

Change (%)

Tatimah Capital

744.2

4245.9

+3501.7

+471%

Watheeq Financial 

87.4

336.7

+249.3

+285%

Areeb Capital

5977.5

19694.0

+13716.6

+229%

Value Capital

200.6

345.3

+144.7

+72%

Adeem Capital

2103.0

2971.5

+868.5

+71%
 

Meanwhile, Tharawat Tuwaiq Capital and DOM Capital led decliners by AUMs value in Q3 2024, with 31% each, followed by Impact Capital with 11%.

 

Top Decliners in AUMs (SAR mln)

Company

Q2 2024

Q3 2024

Change

Change (%)

Tharawat Tuwaiq Capital

15.5

10.6

(4.8)

(31%)

DOM Capital

10.4

7.2

(3.2)

(31%)

Impact46

1915.1

1697.8

(217.3)

(11%)

State Street Saudi Arabia

7583.0

6910.7

(672.3)

(9%)

Bayt Alnomow Capital

150.4

137.9

(12.6)

(8%)
 

SNB Capital spearheaded peers by total value of AUMs, with about SAR 269.6 billion in Q3 2024, representing 27% of the total. Al Rajhi Capital followed with nearly SAR 109.2 billion.

 

AUMs of Capital Market Players in Q3 2024

Company

Value (SAR bln)

% to Total

SNB Capital

269.62

27.0%

Al Rajhi Capital

109.22

10.9%

Riyad Capital

93.59

9.4%

Alinma Investment

79.91

8.0%

Jadwa Investment

67.30

6.7%

Alistithmar Capital

35.11

3.5%

SAB Invest

33.62

3.4%

Saudi Fransi Capital

22.76

2.3%

Albilad Investment

22.00

2.2%

AlJazira Capital

21.83

2.2%

ANB Capital

21.64

2.2%

Areeb Capital

19.69

2.0%

Morgan Stanley Saudi Arabia

15.31

1.5%

Blom Invest

14.96

1.5%

Derayah Capital

14.59

1.5%

AlKhair Capital

14.28

1.4%

Alpha Capital

14.09

1.4%

Alkhabeer Capital

9.69

1.0%

GIB Capital

8.29

0.8%

Ashmore Investment Saudi Arabia

8.27

0.8%

Others

104.09

10.4%

 Total

999.86

100.0%

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