The assets of foreign and domestic investment funds in Saudi Arabia grew by 5% in Q4 to reach US$33 billion.
Local assets, which grew by 7% in that time, were the principal cause of the surge in assets under management (AuM).
These assets made up around 82% of the total assets of investment funds.
Saudi Arabia sees surge in private equity
The number of subscribers grew by a similar amount (4%) in the same period, passing the million mark to reach 1,080,455.
The monthly statistical bulletin from the Saudi Central Bank ranked the funds into nine categories based on investment type.
Equity funds were the dominant category, accounting for 22.8% of total assets, followed by real estate investment funds at 20.2%.