Saudi Arabia's Assets Under Management (AUM) Exceeds $250bn

The Kingdom’s asset management industry grew by 13.5% year-on-year, reaching over $250 billion by the end of H1 2024, according to the latest Fitch Ratings report.
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“We expect Saudi AUM to exceed $300 billion within a few years, driven by Vision 2030’s Financial Sector Development Program,” said Mr. Bashar Al-Natoor, Global Head of Islamic Finance at Fitch Ratings.

Saudi Arabia boasts the largest asset management industry in the GCC, with AUM representing 22% of GDP in 2023. Private funds, three times the size of public funds, have doubled in value since 2020, with equities (43%) and real estate (40.5%) leading allocations.

Public funds are diversified across money markets (28%), equities (25.6%), REITs (18.7%), and debt (16%).

This rapid growth reflects global investor confidence, fueled by strategic investments from the Public Investment Fund (PIF) in tech, renewable energy, and healthcare. As the Kingdom continues to modernize its financial markets and adopt global best practices, it solidifies its position as a premier destination for sustainable capital.