Riyadh – Mubasher: The assets of investments funds in Saudi Arabia surged 46% year-on-year to SAR 119.76 billion during the first quarter of 2019, according to the Saudi Arabian Monetary Authority (SAMA).
These assets belonged to 252 local and foreign funds, with 356,410 participants.
Foreign funds’ assets jumped to SAR 36.73 billion in Q1-19 from SAR 25.14 billion in the year-ago period, SAMA's data showed.
Meanwhile, assets of local funds declined by 12.6% YoY to SAR 83.03 billion in the first three months of 2019.
Quarter-on-quarter, foreign funds’ assets soared 101.7%, while local funds’ assets fell by 11.3%.
