The value of public and private investment funds assets in Saudi Arabia, registered a new leap during the second quarter of the current year, amounting to 323 billion riyals ($86.1 billion), compared to 310 billion riyals ($82.6 billion) in the first quarter of the same year.
According to the Capital Markets Authority of Saudi Arabia, the value of public and private funds’ assets jumped by 4.1 percent in the second quarter of this year, while the value of the private investment funds’ assets grew by 3.5 percent, while the value of public fund assets grew by 5.3 per cent. The value of the assets of private investment funds at the end of the second quarter of this year amounted to 196.9 billion riyals (52.5 billion dollars), compared with 190.1 billion riyals (50.6 billion dollars) in the first quarter of this year. While the value of assets of public investment funds amounted to 126.1 billion riyals (33.6 billion dollars) by the end of the second quarter of this year, compared with 119.7 billion riyals (31.9 billion dollars) in the first quarter of this year.
The investment fund, according to the Capital Market Authority, includes a set of securities that are selected according to specific criteria and criteria that meet the objectives of the investment Funds, including the public and special funds.
Source: (Asharq Al-Awsat newspaper, Edited)
