The value of public investment fund assets, both domestic and foreign, in the Saudi financial market recorded an annual growth of 37 per cent, increasing by nearly SR43bn ($11.4bn) by the end of the third quarter (Q3) of 2024.
It brings the total to SR160.087bn ($42.6bn), compared to SR117.117bn ($31.2bn) during the same period in 2023.
Quarterly, the asset value grew by 10.4 per cent, representing an estimated increase of SR15.120bn ($4bn), compared to SR144.967bn ($38.6bn) at the end of the second quarter (Q2) of this year, according to data from the quarterly statistical bulletin of the Capital Market Authority for 2024.
Saudi Public Investment Fund assets
The number of subscribers recorded a 51 per cent increase, representing nearly 528,000 subscribers, to reach 1,570,452 subscribers, compared to 1,042,484 at the end of the same period last year.
This growth was supported by an increase in domestic investment assets in Saudi Arabia, which grew annually by 42 per cent, at SR39.598bn ($10.5bn), bringing the total to approximately SR134.431bn ($35.8bn). These assets represent 84 per cent of the total asset value.
Meanwhile, foreign investment assets recorded an annual growth of 15.1 per cent, increasing by over SR3bn ($798.5m) to reach SR25.656bn ($6.8bn), which accounts for 16 per cent of the total asset value.
The number of public investment funds grew annually by 10 per cent, with an increase of 27 funds, bringing the total to 310 funds.
Public investment fund assets were distributed across 14 investment types, with the highest value being the money market fund assets, valued at SR44.868bn ($11.9bn) and representing 28 per cent of total assets.
Equity fund assets ranked second in value at SR34.767bn ($9.3bn), accounting for 27.3 per cent of total assets.
Saudi real estate investment fund assets were third, reaching SR29.263bn ($7.8bn) and representing 18.3 per cent of total assets.
Debt instrument fund assets were fourth, valued at SR22.236bn ($5.9bn), making up 14 per cent of total assets.
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