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Private Saudi equity funds’ assets rise to SAR54bn in H1

Increase mainly driven by larger investments in private real estate funds

During the first half of the current year, Saudi brokerage companies attracted hundreds of well-off investors to invest in private equity funds that offer lucrative investment opportunities.

The assets of private equity funds, which specialise in seven key areas of investments, edged up to SAR54.2 billion in H1 2015, up by 5.4 per cent or SAR2.8bn from the SAR51.4bn recorded at the end of the second half of 2014.

The rise in the value of assets is mainly driven by larger investments of SAR2bn in private real estate equity funds during the January-June period, according to data compiled and analysed by Al-Eqtisadiah.

Private real estate equity funds account for 64.8 per cent of the total value of the assets of other equity funds.
Equity funds invest in areas of stocks, debt instruments, currency markets, real estate and commodities, among others.

According to the data, the number of equity funds in the kingdom increased by 10.8 per cent or 34 funds to a total of 349 during the six-month period, compared with 315 funds by the end of 2014.

(SAR1 = AED0.9 at the time of publishing)