The value of the public and private investment funds in Saudi Arabia increased by 15% over the last year compared to the end of 2017, reaching a total assets value of SAR 290.2 billion.
The Capital Markets Authority of Saudi Arabia (CMA) announced in a statement on the Saudi Stock Market News website that the investment fund includes a set of securities selected according to specific criteria and criteria that meet the Fund's objectives, including public and private funds.
The profits of the investment funds are usually capital gains, i.e., the profits resulting from the improvement or change in the prices of the securities invested, in addition to the extra profits of securities if there were any. The rise in the value of funds’ assets, according to CMA report, is due to an increase in the value of the private fund assets (a fund established in the Kingdom and not a public one), which accounts for 61 percent of the fund's total asset value, registering a rise of 26 percent compared with 2017, reaching to 178.3 billion riyals.
Source: (Al-Ittihad newspaper-UAE, Edited)
