More than one million subscribers in public investment funds in the Saudi market amassed nearly SAR 117 billion (around $31.2 billion) by the end of the third quarter of 2023. This remarkable growth is spread across 283 diverse public investment funds.
A substantial portion of these assets, amounting to SAR 94.8 billion, or 81%, is domestically sourced. The remaining 19%, valued at SAR 22.28 billion, comprises foreign assets.
The allocation of these public investment fund assets is diversified across 13 investment types. Leading the pack is the money market sector with assets worth SAR 32.2 billion, accounting for 27.5% of the total public investment fund assets.
Following closely is the traded real estate investment funds sector, with assets valued at SAR 27.46 billion, representing 23.4% of the total.
Equity funds rank third with assets totaling SAR 26.95 billion, comprising 23% of the overall assets. Debt instrument funds come in fourth, with assets valued at SAR 21.82 billion, making up 18.6% of the total.
The fifth position is held by the holding funds’ assets, valued at SAR 3.6 billion, contributing 3.1% to the total public investment fund assets, as reported by the Saudi Press Agency (SPA).
Multi-asset funds rank sixth, with assets totaling SAR 2.061 billion, representing about 1.8% of the total. Meanwhile, commodity funds recorded the least value, with assets totaling SAR 13 million.
This remarkable growth in the Saudi public investment funds highlights the Kingdom‘s expanding financial market and the increasing interest of investors in diverse sectors, showcasing a robust economic environment and promising prospects for future growth.
