AI Summary
Saudi Riyals
The total value of assets held by investment funds in Saudi Arabia grew by 11% quarter-on-quarter (QoQ) to SAR 232.8 billion during the first quarter of 2021, data issued by the Saudi Central Bank (SAMA) showed.
The increase was driven by a 3% rise in local assets – which represent 66% of total assets - to SAR 154.3 billion, while foreign assets rose 31% to SAR 78.5 billion.
Investment funds are either open-end or closed-end; the total assets of open-end funds stood at nearly SAR 203.1 billion, or 87% of total fund assets, while assets of closed-end funds reached approximately SAR 29.8 billion.
|
Assets of Investment Funds (SAR bln) |
|||
|
Change (%) |
Q1 2021 |
Q4 2020 |
Period |
|
+3% |
154.31 |
149.56 |
Local assets |
|
+31% |
78.52 |
60.16 |
Foreign assets |
|
+11% |
232.83 |
209.72 |
Total |
Assets held by investment funds include local and foreign stocks, bonds, real estate investments among others.
|
Investment Fund Assets since 2005 (SAR bln) |
||||
|
Change % |
Total |
Foreign assets |
Local assets |
Period |
|
+127% |
136.97 |
21.31 |
115.66 |
2005 |
|
(%39) |
84.11 |
22.76 |
61.34 |
2006 |
|
+25% |
105.10 |
25.21 |
79.89 |
2007 |
|
(%29) |
74.81 |
13.55 |
61.26 |
2008 |
|
+20% |
89.55 |
15.41 |
74.14 |
2009 |
|
+6% |
94.74 |
20.30 |
74.44 |
2010 |
|
(%13) |
82.19 |
17.66 |
64.53 |
2011 |
|
+7% |
88.07 |
18.26 |
69.81 |
2012 |
|
+17% |
103.18 |
21.32 |
81.86 |
2013 |
|
+7% |
110.71 |
28.84 |
81.87 |
2014 |
|
(7%) |
102.90 |
26.98 |
75.92 |
2015 |
|
(15%) |
87.84 |
17.18 |
70.66 |
2016 |
|
+25% |
110.23 |
19.09 |
91.15 |
2017 |
|
+1% |
111.86 |
18.21 |
93.65 |
2018 |
|
+43% |
159.96 |
26.52 |
133.44 |
2019 |
|
+31% |
209.72 |
60.16 |
149.56 |
2020 |
|
+33% |
232.83 |
78.52 |
154.31 |
Q1 2021 |
On the other hand, the number of investment funds operating in the Kingdom stood at 251 in Q1 2021, down by three funds, compared to 2020.
|
Number of Investment Funds Since 2005 |
||
|
Variation |
No. of Operating Funds |
Period |
|
+11 |
199 |
2005 |
|
+15 |
214 |
2006 |
|
+38 |
252 |
2007 |
|
+10 |
262 |
2008 |
|
(18) |
244 |
2009 |
|
(1) |
243 |
2010 |
|
+6 |
249 |
2011 |
|
(9) |
240 |
2012 |
|
(4) |
236 |
2013 |
|
+16 |
252 |
2014 |
|
+18 |
270 |
2015 |
|
+5 |
275 |
2016 |
|
(2) |
273 |
2017 |
|
(24) |
249 |
2018 |
|
+4 |
253 |
2019 |
|
+1 |
254 |
2020 |
|
(3) |
251 |
Q1 2021 |
The number of subscribers jumped by 23,400 to 382,200 by the end of Q1 2021 when compared to 2020-end.
|
Improvement of Subscribers Numbers Since 2005 (SAR bln) |
||
|
Variation |
No. of Subscribers |
Period |
|
369927+ |
568284 |
2005 |
|
(68316) |
499968 |
2006 |
|
(73883) |
426085 |
2007 |
|
(51110) |
374975 |
2008 |
|
(18644) |
356331 |
2009 |
|
(35916) |
320415 |
2010 |
|
(26510) |
293905 |
2011 |
|
(18281) |
275624 |
2012 |
|
(17514) |
258110 |
2013 |
|
(12079) |
246031 |
2014 |
|
(9054) |
236977 |
2015 |
|
(12566) |
224411 |
2016 |
|
14034+ |
238445 |
2017 |
|
94122+ |
332567 |
2018 |
|
(2828) |
329739 |
2019 |
|
29155+ |
358894 |
2020 |
|
23351+ |
382245 |
Q1 2021 |
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