Saudi Arabia’s Managed Assets Top 1 Trillion Riyals, CMA Chairman Says

The value of assets under management in the Saudi Arabian capital market has exceeded 1 trillion riyals ($266.6 billion), marking unprecedented annual growth, according to Mohammed Elkuwaiz, chairman of the Capital Market Authority (CMA) board.

In a post on X, Elkuwaiz attributed the continued development of the investment funds sector to responsive regulations and ongoing adaptation to investor demands.

His comments follow the CMA’s announcement of regulatory enhancements aimed at developing the investment fund environment in the Kingdom. These improvements include amendments to the Investment Funds Regulations, Real Estate Investment Funds Regulations, and the Glossary of Defined Terms Used in the CMA Regulations and Rules.

Investment funds have accounted for the majority of managed assets, rising to approximately 700 billion riyals by the end of 2024, a 25.2% increase compared to 2023.