Saudi PIF assets surge 37% in Q3-24

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By Aya Anwar
Saudi's PIF

Saudi Arabia’s Public Investment Fund (PIF) assets surged by 37 per cent year-on-year to SAR160.087 billion at the end of the third quarter of 2024, up from SAR117.117 billion in the same period in 2023.
According to the Capital Market Authority’s quarterly bulletin, the growth represents a SAR43 billion annual increase, with quarterly gains of 10.4 per cent, or SAR15.120 billion, from SAR144.967 billion in the second quarter of 2024.

Subscriber numbers jumped 51 per cent to 1.57 million, compared to 1.04 million a year earlier. Domestic investment assets, which constitute 84 per cent of total assets, rose by 42 per cent annually to SAR134.431 billion. Foreign assets increased by 15.1 per cent to SAR25.656 billion, making up 16 per cent of the total.

The number of public investment funds grew 10 per cent year-on-year to 310 funds. Money market fund assets led the distribution, valued at SAR44.868 billion (28 per cent of total assets), followed by equity fund assets at SAR34.767 billion (27.3 per cent), real estate funds at SAR29.263 billion (18.3 per cent), and debt instrument funds at SAR22.236 billion (14 per cent).

Attribution: Saudi Press Agency (SPA)

Subediting: Y.Yasser

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