Assets under management in Saudi reached SR1.244 trillion at the end of 2025, from SR612 billion in 2020, with listed companies up 89% to 392, foreign ownership doubling to SR417 billion, and net foreign purchases on the Saudi Exchange running $1.6 billion in Q2 2026.
Doubling AUM and foreign ownership within five years indicates a market that has shifted in ownership, not just in value. Foreign owners often pose different questions to management than domestic owners.
Explore more signals
PIF switches from growth to returns
The Public Investment Fund's 2026–2030 strategy shifts the mandate from expansion to value creation, after assets under management grew from about SR500 billion ($136 billion) in 2015 to over SR3.4 trillion in 2025, more than $199 billion of new domestic projects between 2021 and 2025, and total annual shareholder return above 7% since 2017.
A fund that has grown from SR500 billion to SR3.4 trillion can no longer rely on its size to impress. After five years of expansion, it must now demonstrate profitability.
One rulebook for the Gulf
The Cabinet approved unified GCC rules for jointly owned properties, standardizing common-area governance, owner rights, and asset management.
The takeaway: Disputes over shared ownership are the quiet friction in every tower, an unglamorous fix that unlocks investment.
Al Rajhi tops SR13.7bn
H1 bank profits: Al Rajhi SR13.76bn (+14.15%, highest of any lender), SNB SR13.02bn, Riyad SR5.26bn, Alinma SR3.27bn; total credit a record SR3.2tn, +16.2% YoY
The takeaway: Al Rajhi out-earned every bank and grew fastest; scale and speed together are rare, worth studying.
