Market comment on behalf of Samira Farzad, Head of Business Development at HF Quarters
Saudi Arabia's asset management industry is experiencing a period of significant expansion, cementing its status as the largest and most dynamic market within the GCC region. Assets Under Management (AUM) exceeded the SAR 1 trillion (approximately USD 266 billion) threshold in 2024, propelled by a 20% year-on-year growth. Projected AUM could surpass SAR 1.3 trillion (USD 350 billion) by 2026. This growth trajectory is substantially fueled by the Kingdom's ambitious Vision 2030 economic diversification strategy, which seeks to curtail historical reliance on oil revenues by developing non-oil sectors, alongside the supportive Financial Sector Development Program.
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While the current landscape is characterized by a...
