JEDDAH: Saudi Arabia’s asset management industry remained resilient during the Iran conflict, with assets under management topping $340 billion in the first quarter of 2026 and predicted to cross $400 billion by 2027, Fitch Ratings said.
The rating agency attributed the sector’s rise to regulatory liberalization, growing involvement from local and overseas investors, and an expanding product base across mutual funds, sukuk, exchange-traded funds, and private credit. These factors have helped shield the market from geopolitical instability while sustaining inflows.
The development comes as Saudi Arabia, under its Financial industry Development Program, attempts to diversify income sources, improve savings, expand investment and financing opportunities, and strengthen its financial institutions, capital markets, and fintech industry.
Industry AUM hit $340 billion at the end of the first quarter, gaining 17 percent year on year and 4 percent quarter on quarter. Fitch estimates the sector at approximately 26 percent of GDP, up from 23 percent a year earlier.
Saudi bank-affiliated asset managers continued to dominate the business, accounting for around 60 percent of overall income.JEDDAH: Saudi Arabia’s asset management industry remained resilient during the Iran conflict, with assets under management topping $340 billion in the first quarter of 2026 and predicted to cross $400 billion by 2027, Fitch Ratings said.
The rating agency attributed the sector’s rise to regulatory liberalization, growing involvement from local and overseas investors, and an expanding product base across mutual funds, sukuk, exchange-traded funds, and private credit.
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