AI Summary
Saudi Arabian banknotes
The total value of assets held by investment funds in Saudi Arabia fell by 11% to SAR 192.5 billion in Q2 2022, compared to SAR 215.7 billion a year earlier, data issued by the Saudi Central Bank (SAMA) showed.
The decline was attributed to a 10% drop year-on-year (YoY) in local assets – which represent 74% of total assets – to SAR 142.7 billion. In addition, foreign fund assets – equivalent to 26% of total assets – declined 13% to SAR 49.9 billion.
Investment funds are either open- or closed-end, with total assets of open-end funds at approximately SAR 159.7 billion, accounting for 83% of the total assets of the funds. The assets of closed-end investment funds amounted to SAR 32.8 billion.
|
Investment Funds Assets (SAR bln) |
|||
|
Period |
Q1 2021 |
Q2 2022 |
Change |
|
Local assets |
158.09 |
142.66 |
(10%) |
|
Foreign assets |
57.60 |
49.85 |
(13%) |
|
Total |
215.68 |
192.51 |
(11%) |
Investment funds hold both local and foreign assets, each including shares, bonds, cash instruments and other assets, as well as real estate investments.
The following table indicates assets of investment funds since 2005:
|
Development in Investment Fund Assets (SAR bln) |
||||
|
Period |
Local Assets |
Foreign Assets |
Total |
YoY Change |
|
2005 |
115.66 |
21.31 |
136.97 |
+127% |
|
2006 |
61.34 |
22.76 |
84.11 |
(39%) |
|
2007 |
79.89 |
25.21 |
105.10 |
+25% |
|
2008 |
61.26 |
13.55 |
74.81 |
(29%) |
|
2009 |
74.14 |
15.41 |
89.55 |
+20% |
|
2010 |
74.44 |
20.30 |
94.74 |
+6% |
|
2011 |
64.53 |
17.66 |
82.19 |
(13%) |
|
2012 |
69.81 |
18.26 |
88.07 |
+7% |
|
2013 |
81.86 |
21.32 |
103.18 |
+17% |
|
2014 |
81.87 |
28.84 |
110.71 |
+7% |
|
2015 |
75.92 |
26.98 |
102.90 |
(7%) |
|
2016 |
70.66 |
17.18 |
87.84 |
(15%) |
|
2017 |
91.15 |
19.09 |
110.23 |
+25% |
|
2018 |
93.65 |
18.21 |
111.86 |
+1% |
|
2019 |
133.44 |
26.52 |
159.96 |
+43% |
|
2020 |
149.56 |
60.16 |
209.72 |
+31% |
|
2021 |
147.69 |
79.48 |
227.17 |
+8% |
|
Q2 2022* |
142.66 |
49.85 |
192.51 |
(15%) |
There were 254 investment funds operating in the Kingdom by the end of Q2 2022.
|
Number of Investment Funds since 2005 |
||
|
Change |
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 |
|
+2 |
256 |
2021 |
|
(2) |
254 |
Q2 2022* |
The number of subscribers rose by 136,500 to 665,800 by the end of Q2 2022, compared to 2021-end.
The following is a table showing the development in the number of subscribers since 2005:
|
Number of Subscribers Since 2005 |
||
|
Change |
No. of Subscribers |
Period |
|
369927+ |
568,284 |
2005 |
|
(68316) |
499,968 |
2006 |
|
(73883) |
426,085 |
2007 |
|
(51110) |
374,975 |
2008 |
|
(18644) |
356,331 |
2009 |
|
(35916) |
320,415 |
2010 |
|
(26510) |
293,905 |
2011 |
|
(18281) |
275,624 |
2012 |
|
(17514) |
258,110 |
2013 |
|
(12079) |
246,031 |
2014 |
|
(9054) |
236,977 |
2015 |
|
(12566) |
224,411 |
2016 |
|
14034+ |
238,445 |
2017 |
|
94122+ |
332,567 |
2018 |
|
(2828) |
329,739 |
2019 |
|
29155+ |
358,894 |
2020 |
|
170418+ |
529,312 |
2021 |
|
136451+ |
665,763 |
Q2 2022* |
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