Saudi investment fund assets rise 26% to $117bn in 2020
Published 13 Mar,2021 via Arab News - Economy JEDDAH - The total amount of assets held by investment funds in Saudi Arabia increased by 26 percent year-on-year to SR442 billion ($117.87 billion) in 2020, according to data released by the Capital Market Authority (CMA).
During the period, the number of investment funds in the Kingdom increased to 691 from 607 in 2019, with 254 public funds and 437 private funds.
Investment fund profits usually consist of capital gains — that is, profits resulting from an improvement or change in the prices of the invested securities in addition to the dividend profits awarded.
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