The real estate funds and investment funds in Saudi Arabia saw a strong boost during 2024, as the Capital Market Authority expanded its support for innovative financial technology models, as it granted permits for a number of new models including investment fund distribution and Real Estate Investment Funds, in addition to the robo-advisor and the offering of debt instruments and social trading.Net.sa/72878/">Real Estate Investment Funds, in addition to the robo-advisor, offering debt instruments and social trading, bringing the total number of active Fintech permits to 46 by the end of the year.

In the same context, the CMA continued to support innovative Fintech models. In the same context, the sukuk and debt instruments market in the Kingdom continued its growth as one of the vital financing channels, registering a 20% increase compared to the previous year, reaching a total value of 663.5 billion riyals.

In an effort to develop the fintech market in the Kingdom. In order to develop this market, regulators in Saudi Arabia are working to enable and regulate the market-making activity for debt instruments, as part of an ambitious plan to enhance the attractiveness of investment in this sector.

The Capital Market Authority also issued a total of 25 new licenses to financial market institutions during 2024, bringing the number of licensed entities to 186, while the revenues of these institutions increased by 29.6% to reach 17 billion riyals, while their profits grew by 39.3% to 8.8 billion riyals.

With the aim of developing this market, Saudi regulators are working to enable and regulate market-making activity for debt instruments, as part of an ambitious plan to enhance the investment attractiveness of the sector.