Financial Services & Banking

Asset managers head for $400 billion

November 11, 2026

Fitch expects Saudi assets under management to pass $400 billion in 2027, after rising 20% year on year to about $370 billion in H1 2026, equal to about 27% of GDP against 23% a year earlier. Private funds hold 55% of the total after growing 31%, driven by real estate, equities and family offices.

Arab News

The rise in assets from 23% to 27% of GDP in a year shows that Saudi savings are moving away from deposits and direct holdings into managed funds. Most of these savings are now going into private funds.

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Mohammed Altuwaijri
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Managing Partner

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Real Estate
September 20, 2026
Fifty-five thousand homes

Talaat Moustafa Group's Saudi subsidiary signed a preliminary agreement with PIF-owned ROSHN Group to form a joint company exploring a mixed-use development in Riyadh expected to comprise more than 55,000 residential units, alongside retail, commercial, hospitality, entertainment, healthcare and education facilities. TMG Saudi will hold 51% of the joint company and ROSHN 49%, following a 7 June memorandum of understanding under PIF's urban development and livability ecosystem, part of its 2026-2030 strategy and the Kingdom's 70% homeownership target.

Arab News

The minority stake shows that PIF is bringing in execution expertise. Developers who want to win Saudi residential projects should focus on improving their delivery track record instead of just acquiring more land.

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Abdulrahman Al Mottahar
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Government & Public Sector
September 27, 2026
Fifty-seven studies, three eighty-four recommendations

The Riyadh Economic Forum has produced 57 scientific studies and issued 384 recommendations and initiatives over its 11 previous editions, alongside 157 seminars and workshops, 122 discussion panels and 20 published bulletins across roughly 25 years. The 12th edition runs 12–14 October 2026, organised by the Riyadh Chamber under the patronage of King Salman bin Abdulaziz, bringing together officials, decision-makers and economic experts from the Kingdom and the region.

Okaz

Influence here comes from research rather than attendance, so a trade association preparing for the October edition should bring data instead of a delegation.

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Abdulrahman Al Mottahar
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Partner
Government & Public Sector
November 11, 2026
Four forecasts, all above 5%

Four international institutions expect Saudi growth above 5% in 2027: S&P at 8%, the IMF and World Bank at 7.9%, and Moody's at 5.1%. S&P cites exports through Yanbu on the East–West pipeline and the Kingdom's fiscal position; Moody's assumes a gradual recovery in oil output and Brent averaging $90 a barrel in 2027.

Okaz

Forecasts between 5.1% and 8% all expect a recovery, but they differ on oil. The real question is how quickly exports through Yanbu will get back to normal.

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Abdulrahman Al Mottahar
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Partner

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