El-Kuwaiz: Asset management outperformed stock market in 2025

Capital Market Authority’s (CMA), Chairman Mohammed El-Kuwaiz

Asset management sector’s performance is on a different trajectory compared to the Saudi stock market, Mohammed El-Kuwaiz, Chairman of Capital Market Authority (CMA), said at the ninth the Future Investment Initiative (FII9).

The asset management sector recorded a 20% growth, while the stock market has seen a decline, he added.

He noted that the CMA is working to develop the market in line with the Kingdom’s growth, emphasizing that the authority is focused on protecting investors and helping the market cope with inflation.

He said that this divergence in performance can be explained by diversification, as the Saudi capital market has evolved beyond equities. The fastest-growing areas within the asset management sector include real estate, fixed-income investments, and venture capital, among others.

The CMA Chairman added that diversification has also expanded the investor base. Despite the Public Investment Fund (PIF) continuing to hold a significant share of the asset management sector, the division itself is growing faster than PIF’s assets, reaching SAR 1.2 trillion this year, he stated.

He further highlighted that within asset management, the private capital segment has grown at twice the rate of the broader sector. Private credit was the fastest-growing segment, more than doubling in assets under management compared to last year, a clear indication of the rising demand for credit.