142 billion riyals increase in the value of investment funds


Investment fund assets increased by 40.8%

By the end of the first quarter of 2021 on an annual basis, with an increase of 142.4 billion riyals over its value at the end of the same quarter of last year.

The total assets of the funds increased, according to the data of the Capital Market Authority, to 491.27 billion riyals, compared to 348.87 billion riyals at the end of the first quarter of 2020. On a quarterly basis, assets rose 11.15% during the first quarter of 2021 from their value at the end of the previous quarter, which amounted to 441.98 billion riyals. And the assets of public investment funds increased to 232.83 billion riyals, compared to their value at the end of the first quarter of 2020, which amounted to 174.74 billion riyals, and the assets of public funds were concentrated in the money markets, which accounted for 65.6% at a value of 152.74 billion riyals, recording an annual increase of 27%; Compared with its value at the end of the same quarter of last year, which amounted to 120.22 billion riyals.

The value of assets in stocks reached 23.5 billion riyals, recording an annual increase of 45.8%, followed by the assets of real estate investment funds traded by 22.15 billion riyals, up 13% over their value in the first quarter of 2020, then the assets of funds in debt instruments worth 20.72 billion riyals, to jump by 229.2 % Of its value at the end of the same quarter of last year.

The assets of public investment funds were distributed among local assets worth 154.31 billion riyals, up from 129.63 billion riyals at the end of the first quarter of 2020, rising 19% on an annual basis. Likewise, the foreign assets of public investment funds rose to 78.52 billion riyals, compared to 45.11 billion riyals in the same quarter of last year, an increase of 74.05%.

The number of public investment funds in Saudi Arabia decreased to 251, compared to 253 funds in the same quarter of 2020, most of which were in stocks with 126 funds, followed by the money market with 42 funds, then the holding funds with 23 funds.

The number of subscribers in public investment funds increased to 382.25 thousand subscribers by the end of the first quarter of 2021, compared to 339.68 thousand subscribers at the end of the same quarter of last year, an increase of 12.5%.

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