The value of public investment fund assets in Saudi Arabia grew by 37% year-on-year to SAR 160.08 billion at the end of the third quarter (Q3) of 2024, according to the Capital Market Authority’s quarterly statistical bulletin. This marks an increase of SAR 43 billion compared to SAR 117.11 billion during the same period in 2023.
On a quarterly basis, the assets grew by 10.4%, or SAR 15.12 billion, compared to SAR 144.96 billion at the end of the second quarter (Q2) of 2024.
The number of subscribers rose by 51%, increasing by approximately 528,000 to reach 1,570,452, compared to 1,042,484 at the end of Q3 2023.
Domestic investment assets grew annually by 42%, adding SAR 39.59 billion to reach SAR 134.43 billion, representing 84% of total assets. Foreign investment assets recorded annual growth of 15.1%, rising by over SAR 3 billion to reach SAR 25.65 billion, accounting for 16% of total assets.
The number of public investment funds increased by 10%, with 27 new funds bringing the total to 310 funds.
Assets were distributed across 14 investment types. Money market fund assets were the largest at SAR 44.86 billion, accounting for 28% of total assets. Equity fund assets followed at SAR 34.76 billion (27.3%), real estate fund assets at SAR 29.26 billion (18.3%), and debt instrument fund assets at SAR 22.23 billion (14%).
