SAUDI ARABIA: The AuM total for Saudi’s asset management industry is expected to surpass US$400 billion in 2026, with Islamic funds to remain dominant, Fitch Ratings said in a report. While new initiatives like voluntary pension and savings scheme should enhance access and liquidity, the rating agency warned that the industry is vulnerable to oil-price sensitivity, local, regional and global market volatility as well as geopolitical risks.
The industry AuM grew 21% year-on-year at the end of H1 2025 to US$306.1 billion – with roughly half in private funds, followed by discretionary portfolio management and public funds. The Saudi government aims for AuM to reach 31% of GDP in 2025 and 40% by 2030, from about 23% in H1 2025.
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