Real estate investments accounted for 18.7% of the total assets of public investment funds in Saudi Arabia by the end of the first quarter of 2024, worth 25.62 billion riyals.
Public investment funds in Saudi Arabia continued their strong growth march, achieving a tremendous achievement of 17.8% in assets by the end of the first quarter of 2024, compared to the same period last year. According to data from Saudi Central Bank, the value of these funds“ assets increased by SAR 20.65 billion to reach SAR 136.66 billion.
The value of these funds” assets increased by SAR 20.65 billion to reach SAR 136.66 billion.
This remarkable rise is attributed to the continued growth in the assets of domestic funds, which saw an increase of 21.01% to reach SR115.67 billion, compared to SR95.59 billion at the end of the first quarter of 2023.
The value of the assets of these funds increased by SR20.65 billion to reach SR136.66 billion.
This increase in local assets is due to multiple factors, including the diversity of the funds' investments and their focus on promising sectors with high growth potential, in addition to the efficiency of their management and their insightful investment strategies.
On the other hand, the foreign assets of public investment funds increased by 2.77% to reach SAR 20.99 billion, compared to SAR 20.42 billion at the end of the first quarter of 2023.
The assets of public investment funds also included foreign stocks worth SAR 4.19 billion, foreign bonds worth SAR 1.98 billion, and other foreign assets worth SAR 762 million, as of the end of the first quarter of this year.
