1.7m investors and 1,500 funds
40 IPOs on Tadawul last year
The value of assets under management in Saudi capital markets surpassed SAR1 trillion for the first time last year.
Their value was 21 percent higher than in 2023, according to the Capital Markets Authority’s annual report. It brings Saudi Arabia closer to achieving its Vision 2030 ambitions for the financial sector.
Total assets under management increased to SAR1.01 trillion ($270 billion) in 2024, while the number of investment funds rose from 1,285 in 2023 to 1,549 last year.
The number of investors — also referred to as subscribers — in public and private funds rose by 47 percent to 1.72 million. The total value of listed debt instruments, including sukuks or Islamic debt instruments, increased from SAR550 billion to SAR664 billion, a rise of 21 percent.
The Saudi Exchange is now the 11th largest stock market in the world with a market capitalisation of SAR9.5 trillion. Last year the Tadawul held 40 initial public offerings, of which 15 were on the main market. The IPOs raised a combined $4.1 billion.
The Capital Markets Authority approved 60 companies to list last year. So far in 2025, six companies have launched IPOs on the main market. They have raised, or are in the process of raising, a combined $2.8 billion.
The share of Saudi stocks in emerging market benchmarks is also growing. On Monday, SNB Capital reported that their weighting on the MSCI Emerging Markets Index would increase from 4.32 percent to 4.41 percent.
Saudi Arabia’s weighting was just 1.42 percent when the first 30 of its stocks were added to the index in 2019.
