The assets of local and foreign investment funds in the Saudi market totalled SAR 122.578 billion at the end of the fourth quarter (Q4) of 2023.
The number marked a 5% growth from the previous quarter, amounting to SAR 5.46 billion, up from SAR 117.117 billion by the end of Q3 2023.
This growth was bolstered by a 7% increase in local assets, rising by approximately SAR 6.348 billion to approximately SAR 101.182 billion, as per official data published by the Saudi Central Bank.
These assets constituted about 82.5% of the total assets of the investment funds, the data showed.
Moreover, the number of subscribers saw a quarterly increase of around 4%, reaching 1.08 million subscribers by the end of Q4 2023. The number of active funds also rose by about 3%, totalling 291 investment funds.
The total assets of foreign funds amounted to around SAR 21.396 billion, accounting for about 17.5% of the total assets of the investment funds. Meanwhile, the total assets of open-ended investment funds, comprising 267 funds in total, amounted to SAR 93.29 billion, while the total assets of 24 closed-ended investment funds amounted to around SAR 29.27 billion.
The assets of the investment funds were classified into nine diverse investment categories based on the type of investments.
The highest in terms of value were local stock assets, amounting to SAR 27.904 billion and representing around 22.8% of the total assets of the investment funds. Real estate investment assets followed, amounting to SAR 24.730 billion and constituting around 20.2% of the total investment assets.
Next were the assets of investments in local cash instruments, with a value of SAR 23.767 billion, accounting for around 19.4% of the total.
