Fitch sees Saudi AUM exceeding $400B in 2027

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Fitch Ratings said Saudi Arabia’s asset management sector is the largest in the GCC and has demonstrated resilience amid market volatility in 2026, forecasting that assets under management (AUM) will exceed $400 billion (SAR 1.5 trillion) in 2027.

The sector is expected to sustain its growth momentum, supported by rising investor demand, regulatory developments, and increased foreign investor participation, the ratings agency said.

Fitch noted that the share of revenues generated by international and regional capital market institutions rose to 18.5% in Q2 2026, compared to 12.5% in Q2 2024, although asset managers affiliated with local banks continue to account for the bulk of sector revenues.

The agency added that the Capital Market Authority (CMA) imposed a cap of 5% of net asset value (NAV) on external investments by public money market funds, a move expected to attract more liquidity to funds focused on the domestic market.

According to data available with Argaam, total AUM held by capital market institutions in Saudi Arabia reached approximately SAR 1.36 trillion by the end of Q2 2026.

Private funds accounted for the largest share of AUM in the Saudi capital market during the quarter, totaling SAR 755.7 billion, or 55% of the overall assets.

Managed portfolios ranked second, with SAR 363.7 billion, while public funds totaled approximately SAR 245.5 billion.