Saudi AUMs reach SAR 1.24T in 2025

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The total assets under management (AUM) held by capital market institutions licensed by Saudi Arabia’s Capital Market Authority (CMA) totaled SAR 1.24 trillion by the end of Q4 2025.
 

SNB Capital topped the list of capital market institutions in terms of AUMs by the end of Q4 2025, with approximately SAR 274.5 billion, accounting for 22.1% of total assets, according to a recent CMA report.
 

Al Rajhi Capital ranked second with around SAR 165.6 billion, representing 13.3% of the total, followed by Alinma Capital with SAR 124.3 billion, or 10% of the total. Jadwa Investment and Riyad Capital came next with 8.1% and 7.8%, respectively.
 

The data indicates a relative concentration in the market, with the top five firms accounting for 61% of total AUM, while the remaining share is distributed among a large number of institutions, including Albilad Capital, Alistithmar Capital, and SAB Invest, in addition to other local and global firms.
 

AUM in the Saudi capital market recorded significant growth from Q1 2023 to the end of Q4 2025, increasing from approximately SAR 770.2 billion to SAR 1.24 trillion, marking an increase of more than SAR 470 billion in less than three years.
 

Private funds accounted for the largest share of AUM in the Saudi capital market during Q4 2025, reaching SAR 663.6 billion.
 

Managed portfolios ranked second at SAR 359.6 billion, while public funds totaled around SAR 220.8 billion.
 

Since early 2023, private funds have showed strong growth, increasing from SAR 367.1 billion in Q1 2023 to over SAR 663 billion by the end of 2025. Meanwhile, public funds recorded gradual growth from SAR 116 billion to around SAR 221 billion.