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Tuesday, January 14, 2025

Home Business Saudi investment funds record 11% higher assets in Q1

Saudi investment funds record 11% higher assets in Q1

by News desk
July 21, 2021
in Business

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Riyadh

The total value of assets held by Saudi Arabia’s investment funds jumped by 11% to SAR 232.8 billion during the first quarter (Q1) of 2021, compared to the earlier quarter.

The rise in the value of investment funds’ assets is driven by a 3.2% quarter-on-quarter (QoQ) increase in domestic assets to SAR 154.3 billion in Q1-21, as shown by recent data of the Saudi Central Bank (SAMA).—Zawya News