AI Summary
Logo of Capital Market Authority (CMA)
The total assets under management (AUM) held by capital market institutions licensed by Saudi Arabia’s Capital Market Authority (CMA) fell 4%, or SAR 33.5 billion, quarter-on-quarter (QoQ) to SAR 790.2 billion in Q3 2023, according to the authority’s data.
|
Assets Under Management (SAR bln) Since 2018 |
|||
|
Period |
Value |
Change (SAR bln) |
Change |
|
Q1 2018 |
395.82 |
+ 4.74 |
+1% |
|
Q2 2018 |
422.21 |
+ 26.39 |
+7% |
|
Q3 2018 |
431.57 |
+ 9.36 |
+2% |
|
Q4 2018 |
454.30 |
+ 22.73 |
+5% |
|
Q1 2019 |
466.06 |
+ 11.76 |
+3% |
|
Q2 2019 |
484.22 |
+ 18.16 |
+4% |
|
Q3 2019 |
482.41 |
(1.81) |
(0.4%) |
|
Q4 2019 |
500.02 |
+ 17.61 |
+ 4% |
|
Q1 2020 |
481.35 |
(18.67) |
(4%) |
|
Q2 2020 |
515.97 |
+ 34.62 |
+ 7% |
|
Q3 2020 |
566.71 |
+ 50.74 |
+10% |
|
Q4 2020 |
611.72 |
+ 45.01 |
+8% |
|
Q1 2021 |
677.33 |
+ 65.61 |
+11% |
|
Q2 2021 |
703.27 |
+ 25.94 |
+4% |
|
Q3 2021 |
740.45 |
+ 37.18 |
+5% |
|
Q4 2021 |
758.57 |
+ 18.12 |
+2% |
|
Q1 2022 |
816.70 |
+ 58.13 |
+8% |
|
Q2 2022 |
756.98 |
(59.72) |
(7%) |
|
Q3 2022 |
760.81 |
+ 3.83 |
+1% |
|
Q4 2022 |
743.40 |
(17.41) |
(2%) |
|
Q1 2023 |
770.63 |
+ 27.23 |
+4% |
|
Q2 2023 |
823.63 |
+ 53.00 |
+7% |
|
Q3 2023 |
790.16 |
(33.47) |
(4%) |
Arch Capital led the way with a 229% QoQ increase in AUM in Q3 2023. SICO Capital followed with a 75% QoQ rise.
|
Companies with Most Increase in AUM (SAR mln) |
||||
|
Company |
Q2 2023 |
Q3 2023 |
Change |
Change (%) |
|
Arch Capital |
89.5 |
294.5 |
+205.0 |
+229% |
|
SICO Capital |
3477.2 |
6086.3 |
+2609.1 |
+75% |
|
Arcapita |
612.1 |
937.5 |
+325.4 |
+53% |
|
NOMW Capital |
2051.5 |
2934.9 |
+883.4 |
+43% |
|
Rassanah Capital |
291.1 |
409.4 |
+118.3 |
+41% |
On the other hand, 99 Halalah Financial reported the steepest decline in AUM, with a 100% QoQ fall. Dom Capital came in second with a 48% QoQ decline.
|
Companies with Most Decline in AUM (SAR mln) |
||||
|
Company |
Q2 2023 |
Q3 2023 |
Change |
Change (%) |
|
99 Halalah Financial |
142.0 |
-- |
(142.0) |
(100%) |
|
Dom Capital |
108.8 |
56.8 |
(52.0) |
(48%) |
|
Ashmore Investment Saudi Arabia |
11891.8 |
7568.8 |
(4323.0) |
(36%) |
|
Mulkia Investment |
4164.8 |
2924.8 |
(1240.0) |
(30%) |
|
Emirates NBD Capital |
5557.2 |
4010.3 |
(1546.9) |
(28%) |
SNB Capital topped the list of capital market institutions in terms of AUM, with about SAR 237.5 billion during the third quarter of 2023, representing 30% of the total AUM value. It was followed by Riyad Capital, with nearly SAR 84.7 billion.
The following table details the volume of AUM at capital market institutions:
|
Managed Assets by Capital Market Institutions (SAR bln) |
||
|
Company |
Value |
Percentage to total (%) |
|
SNB Capital |
237.46 |
30.1% |
|
Riyad Capital |
84.67 |
10.7% |
|
Alinma Investment |
69.82 |
8.8% |
|
Al Rajhi Capital |
64.96 |
8.2% |
|
Jadwa Investment Co. |
53.43 |
6.8% |
|
Alistithmar Capital |
30.77 |
3.9% |
|
SAB Invest |
23.09 |
2.9% |
|
Saudi Fransi Capital |
22.13 |
2.8% |
|
AlKhair Capital Saudi Arabia |
18.43 |
2.3% |
|
Albilad Investment |
16.29 |
2.1% |
|
ANB Invest |
16.26 |
2.1% |
|
AlJazira Capital |
13.85 |
1.8% |
|
Blom Invest |
13.27 |
1.7% |
|
Morgan Stanley Saudi Arabia |
11.97 |
1.5% |
|
Al Khabeer Capital |
8.74 |
1.1% |
|
Alpha Capital |
8.61 |
1.1% |
|
Derayah Capital |
7.73 |
1.0% |
|
Ashmore Investment Saudi Arabia |
7.57 |
1.0% |
|
GIB Capital |
6.52 |
0.8% |
|
SICO Capital |
6.09 |
0.8% |
|
State Street Saudi Arabia |
5.24 |
0.7% |
|
Tharawat |
5.09 |
0.6% |
|
SEDCO Capital |
4.79 |
0.6% |
|
Emirates NBD Capital KSA |
4.01 |
0.5% |
|
Itqan Capital |
4.01 |
0.5% |
|
Miyar Capital |
3.58 |
0.5% |
|
MEFIC Capital |
3.25 |
0.4% |
|
Malaz Capital |
3.01 |
0.4% |
|
Nomw Capital |
2.93 |
0.4% |
|
Mulkia Investment |
2.92 |
0.4% |
|
Remaining firms |
29.66 |
3.8% |
|
Total |
790.16 |
100.0% |
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