Saudi investment funds rise 26% in 2020

Arrow up 2The value of investment funds in Saudi Arabia rose to SAR442 billion (US$117 billion) in 2020, a year on year increase of 26%. Data published by the Capital Market Authority (CMA) showed that the number of funds also increased during the year from 607 to 691. Private investment funds make up the majority (437) and also account for 53% of value, which rose by 23% during 2020 to $61.94 billion. The vast majority (90%) of private funds are invested in either equities or real estate. Growth was more pronounced in the 254 public funds where value rose by 31% over the year to reach $55.92 billion. The largest of Saudi’s public funds, the Public Investment Fund (PIF), recently secured a $15 billion loan facility through a number of international banks. The sovereign wealth fund has roughly $400 million of assets under management and has pledged to increase this to $1 trillion by 2025. Along with the recent loan, the PIF also received further cash injections from the $30 billion proceeds from the sale of its stake in Aramco and a $40 billion transfer from Saudi’s foreign reserves. ©2021 funds global mena

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