06/05/2019
* Talal Al-Sayah from Riyadh
The value of real estate assets of investment funds in Saudi Arabia by the end of the first quarter of 2019 increased 137.6 per cent to 20.91 billion riyals, compared to the end of the same period of 2018, which was amounting to about 8.8 billion riyals.
According to monitoring unit reports in the newspaper "AlEqtisadiah" that based on SAMA data, the share of real estate assets of investment funds out of the total value of fund assets rose from 7.3 per cent at the end of the first quarter of 2018 to 17.5 per cent by the end of the first quarter of 2019.
It does not disclose investments or real estate assets whether they are local or external, but since they are established in Saudi Arabia, a large part of their investments is local.
The value of these assets grew for the eighth straight quarter to a 12-year high, as compared to the fourth quarter of 2018, by 6.6 percent, equivalent to 1.3 billion riyals.
The value of assets at the end of the fourth quarter 2018 compared to the same period of the previous year grew by 361.5%, from 4.25 billion riyals to 19.61 billion riyals.
It also recorded growth of 192.4% by the end of the third quarter 2018, compared to the same period of the previous year, from 3.99 billion riyals to 11.68 billion riyals.
It rose by the end of the second quarter of 2018 by 191.7 per cent, compared to the same period of the previous year 2017, from 3.19 billion riyals to 9.3 billion riyals.
It also rose by the end of the first quarter of 2018, compared to the same period of 2018 by 202.2%.
* Economic Reports Unit
