The worth of public investment fund assets—both domestic and international—within the Saudi financial market experienced an impressive annual increase of 37 percent, rising by nearly SAR43 billion by the conclusion of the third quarter (Q3) of 2024. This brought the total asset value to SAR160.087 billion ($42.6 billion), in contrast to SAR117.117 billion during the equivalent period in 2023.
On a quarterly basis, the asset value surged by 10.4 percent, which signifies an estimated rise of SAR15.120 billion compared to SAR144.967 billion at the end of the second quarter (Q2) of this year, as reported by the quarterly statistical bulletin from the Capital Market Authority for 2024.
The subscriber count saw a remarkable increase of 51 percent, translating to nearly 528,000 additional subscribers, which brought the total to 1,570,452, compared to 1,042,484 at the end of the same period last year.
Read more: Saudi investment funds surpass one million participants milestone in Q3 2023
Domestic vs. foreign investment assets
This growth was boosted by a rise in domestic investment assets, which expanded annually by 42 percent, amounting to SAR39.598 billion and bringing the total to approximately SAR134.431 billion. These domestic assets constitute 84 percent of the overall asset value. In contrast, foreign investment assets witnessed an annual growth of 15.1 percent, increasing by over SAR3 billion to reach SAR25.656 billion, representing 16 percent of the total asset value.
Furthermore, the number of public investment funds rose annually by 10 percent, with an addition of 27 funds, resulting in a total of 310 funds.
Asset allocation across investment types
Public investment fund assets were allocated across 14 different investment types, with the most significant being the money market fund assets, valued at SAR44.868 billion, which represents 28 percent of the total assets. Following this, equity fund assets ranked second at SAR34.767 billion, accounting for 27.3 percent of the total assets. Real estate investment fund assets were third, reaching SAR29.263 billion, representing 18.3 percent of the total assets, while debt instrument fund assets ranked fourth, valued at SAR22.236 billion, making up 14 percent of the total assets.
