Thndr Claps » Saudi Claps » Tadawul 🔔 » Increase in assets under management in the financial market ⬆️
The ClapThe Saudi Capital Market Authority issued a detailed report that revealed an increase in the total volume of assets under management of the authority’s institutions by about 8% reaching SAR 757 billion in Q2 2022.The DeetsSNB Capital had the most assets under management, with a value of SAR 268.3 billion, while Riyad Capital and Alinma Investment recorded SAR 80.6 billion and SAR 71.8 billion respectively.FintechEleven companies were granted fintech pilot permits, with permit applications rising to 20 in Q2 2022 compared to only 4 requests, during Q2 2021.Why this MattersThe CMA’s report aims to enhance confidence and raise the level of transparency and disclosure in the financial market.In addition to that, it looks to provide investors interested in the financial market with information about the sector and its activities.
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