Saudi AUMs exceed SAR 1T in Q4 2024

08/04/2025 Argaam Special

Saudi AUMs exceed SAR 1T in Q4 2024

Logo of Capital Market Authority (CMA)


The total assets under management (AUM) of capital market institutions licensed by the Capital Market Authority (CMA) rose 6%, or SAR 55.7 billion, quarter-on-quarter (QoQ) to around SAR 1.05 trillion in Q4 2024, according to the authority’s data.

 

Private funds held nearly SAR 524.6 billion (50%) of total AUMs, followed by managed portfolios with about SAR 353.9 billion (34%) and public funds with SAR 174.5 billion (16%).

 

AUMs Performance (SAR bln)*​

Period

Value

Change

(SAR bln)

Change (%)

Q1 2018

395.8

+ 4.7

+1%

Q2 2018

422.2

+ 26.4

+7%

Q3 2018

431.6

+ 9.4

+2%

Q4 2018

454.3

+ 22.7

+5%

Q1 2019

466.1

+ 11.8

+3%

Q2 2019

484.2

+ 18.2

+4%

Q3 2019

482.4

(1.8)

(0.4%)

Q4 2019

500.0

+ 17.6

+4%

Q1 2020

481.4

(18.7)

(4%)

Q2 2020

516.0

+ 34.6

+7%

Q3 2020

566.7

+ 50.7

+10%

Q4 2020

611.7

+ 45.0

+8%

Q1 2021

677.3

+ 65.6

+11%

Q2 2021

703.3

+ 25.9

+4%

Q3 2021

740.5

+ 37.2

+5%

Q4 2021

758.6

+ 18.1

+2%

Q1 2022

816.7

+ 58.1

+8%

Q2 2022

757.0

(59.7)

(7%)

Q3 2022

760.8

+ 3.8

+1%

Q4 2022

743.4

(17.4)

(2%)

Q1 2023

770.6

+ 27.2

+4%

Q2 2023

823.6

+ 53.0

+7%

Q3 2023

790.2

(33.5)

(4%)

Q4 2023

871.3

+ 81.1

+10%

Q1 2024

908.3

+ 37.1

+4%

Q2 2024

935.0

+ 26.7

+3%

Q3 2024

997.2

+ 62.2

+7%

Q4 2024

1052.9

+ 55.7

+6%

*Data updated periodically.

 

 

In terms of sector companies with the highest growth in the value of AUMs, Gulf Investment Corporation (GIC) led with a 4,005% annual increase in Q4 2024. Afaq Capital followed with a 799% year-on-year (YoY) rise for the same period.

 

Top Performers in AUMs (SAR mln)

Company

Q3 2024

Q4 2024

Change Value​

Change (%)

GIC​

9

356

+348

+4005%

Afaq Capital​

140

1256

+1116

+799%

Adeem Capital

2972

7750

+4778

+161%

Bayt Alnomow Capital

138

267

+129

+93%

Albilad Capital

21997

30277

+8280

+38%

 

Meanwhile, Marifa Capital and Asyaf Investments led decliners by AUMs value in Q4 2024, with 54% and 52%, respectively.

 

Top Decliners in AUMs (SAR mln)

Company

Q3 2024

Q4 2024

Change

Change (%)

Marifa Capital

14.7

6.8

(7.9)

(54%)

Asyaf Investments

203.8

98.2

(105.6)

(52%)

DOM Capital

7.2

4.1

(3.1)

(43%)

Tharawat Tuwaiq Capital

10.6

8.0

(2.6)

(25%)

Investcorp Capital​

474.9

379.2

(95.7)

(20%)

 

SNB Capital spearheaded peers by total value of AUMs, with about SAR 267.5 billion in Q4 2024, representing 25% of the total. Al Rajhi Capital followed with nearly SAR 120 billion.

 

AUMs of Capital Market Players in Q4 2024

Company

Value (SAR bln)

% to Total

SNB Capital

267.51

 25.4

Al Rajhi Capital

119.97

11.4

Riyad Capital

93.55

8.9

Jadwa Investment

81.96

7.8

Alinma Investment

81.82

 7.8

Alistithmar Capital

37.28

3.5

SAB Invest

34.20

3.2

Albilad Investment

30.28

2.9

AlJazira Capital

23.49

2.2

BSF Capital​

22.77

2.2

ANB Capital

21.34

2.0

Areeb Capital

20.76

2.0

Morgan Stanley Saudi Arabia

15.94

1.5

Blom Invest

15.29

1.5

Derayah Capital

15.04

1.4

AlKhair Capital

14.12

1.3

Alpha Capital

14.06

1.3

Alkhabeer Capital

10.63

1.0

GIB Capital

9.08

0.9

Tharwat for Financial Securities

8.42

 0.8

Others

115.44

 11.0

 Total

1052.93

100.0

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