Riyadh – Mubasher: The total value of assets held by Saudi Arabia's investment funds jumped by 11% to SAR 232.8 billion during the first quarter (Q1) of 2021, compared to the earlier quarter.

The rise in the value of investment funds' assets is driven by a 3.2% quarter-on-quarter (QoQ) increase in domestic assets to SAR 154.3 billion in Q1-21, as shown by recent data of the Saudi Central Bank (SAMA).

Meanwhile, the foreign assets rose by 30.5% to SAR 78.5 billion during the first three months of 2021, when compared to the previous quarter.

On an annual basis, Saudi Arabia recorded a 33.2% increase in the total assets of investment funds.

In addition, the number of subscribers to investment funds in Saudi Arabia climbed by 6.5% QoQ to 382,200 in Q1-21.

The number of funds decreased by three to 251 in the first three months of 2021, compared to the earlier period.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.