The total value of assets of private investment funds in Saudi Arabia increased by 8.66 percent in the third quarter of this year in comparison to the earlier quarter, data from Saudi Capital Market Authority (CMA) has shown.

Assets held in private funds stood at 165.6 bln Saudi riyals, up from 152.4 billion Saudi riyals in the previous quarter, and up 11.6 percent year-on-year, from 148.4 billion Saudi riyals in the third quarter in 2017, according to the latest quarterly report released in Arabic by CMA on its website.
 
The value of assets held by equity funds increased to 99.7 billion Saudi riyals in the third quarter, up 14.3 percent from 87.2 billion Saudi riyals in the second quarter. The value of assets held by money market and real estate funds also increased to 2.2 billion and 57.3 billion riyals respectively in Q3, up from 1.9 billion and 56.7 billion respectively in Q2.

Meanwhile, the value of assets of funds invested in debt securities edged slightly downwards in the third quarter of this year to 4.79 billion Saudi riyals, from 4.84 billion Saudi riyals in the previous quarter.

The total number of subscribers in private investment funds in Saudi Arabia reached 3,939, of which 1,447 subscribers were invested in equity funds, 61 into debt securities, 92 into money markets, 2,279 in real estate funds, four in commodities funds, and eight subscribers in hedge funds and derivatives.

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(Reporting by Nada Al Rifai; Editing by Michael Fahy)

(nada.rifai@refinitiv.com)

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