About 117,000 investors bailed out of Saudi mutual funds in the six months to September last year as a bourse crash slashed the value of the industry’s assets under management by 26.5%, central bank data showed. Figures published on Tuesday by the Saudi Arabian Monetary Agency (SAMA) showed the number of investors in mutual funds fell 17.7 % from the first quarter or about 117,620.
While the number of funds had risen by eight to 212 at the end of September, the value of their assets fell 27 percent from the end of March to SAR100.7bn (US$26.85 bn).
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