Fitch sees Saudi financial institutions’ AUM surpassing $400B by 2026

Fitch Ratings expects AUM in Saudi Arabia’s asset management sector to continue expanding

Fitch Ratings expects assets under management (AUM) in Saudi Arabia’s asset management sector to continue expanding, exceeding SAR 1.5 trillion ($400 billion) in 2026, cementing the Kingdom’s leading position among GCC countries.

In a report, the agency said growth is supported by government initiatives and reforms under the Financial Sector Development Program, as well as the participation of major investors, including the Public Investment Fund (PIF), alongside institutional and retail investors.

Measures to ease access for both domestic and foreign investors are also contributing to this momentum.

Fitch added that Shariah-compliant funds are likely to remain dominant but cautioned that AUM remains vulnerable to oil price fluctuations, volatility in local, regional, and global markets, and geopolitical risks.

According to data available with Argaam, AUM managed by licensed financial market institutions stood at SAR 1.13 trillion at the end of Q2 2025.