News

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

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

Roundtables

Middle East Investor Roundtable 2020: Dimensions of diversification

Investors in the Middle East consider the tools that will be needed to navigate the Covid-19 crisis, the continued appetite for dividend and why it’s all about tech. Chaired by Romil Patel.

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.

ROUNDTABLE: Hooked to the global caravan

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.