Saudi Arabian domiciled investment funds’ overall assets reached SR 88 billion at the end of December 2012, according to the Saudi Arabian Monetary Agency (SAMA) data for 2012. Assets grew by 7.15 percent from the preceding year’s value of SR 82.2 billion.
The domestic assets of 240 investment funds totaled SR 69.8 billion, contributing around 79.3 percent of the aggregate value and a growth of 8.18 percent. Furthermore, foreign assets reflected an increase of 3.36 percent year-on-year basis
By the end of 2012, the number of investment funds decreased to 240 from 249 recorded a year earlier. SAMA reported that the number of subscribers was down by 18,281 or -6.22 percent year-on-year, recording 275,624 subscribers in 2012. The steady decline in subscribers’ number continued to remain from 2007 to 2012. The gradual decrease in the number of investment funds’ subscribers totaled to 150,461 or -35.31 percent during the five-year-period.
Read more: http://www.gulfbase.com/news/saudi-investment-funds-assets-grow-to-sr-88-bn/228798
The domestic assets of 240 investment funds totaled SR 69.8 billion, contributing around 79.3 percent of the aggregate value and a growth of 8.18 percent. Furthermore, foreign assets reflected an increase of 3.36 percent year-on-year basis
By the end of 2012, the number of investment funds decreased to 240 from 249 recorded a year earlier. SAMA reported that the number of subscribers was down by 18,281 or -6.22 percent year-on-year, recording 275,624 subscribers in 2012. The steady decline in subscribers’ number continued to remain from 2007 to 2012. The gradual decrease in the number of investment funds’ subscribers totaled to 150,461 or -35.31 percent during the five-year-period.
Read more: http://www.gulfbase.com/news/saudi-investment-funds-assets-grow-to-sr-88-bn/228798
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