Saudi Arabia’s assets forecast to surpass $500B by 2030: S&P
Private funds and real estate drive sector growth as regulatory reforms, market expansion boost inflows
RIYADH, Saudi Arabia (MNTV) — Saudi Arabia’s assets under management (AUM) are projected to exceed $500 billion by 2030, supported by financial reforms, market development, and the growing availability of investment products, S&P Global Ratings said in a new report.
According to S&P, the Kingdom’s asset management sector grew at an average annual rate of 12% between 2015 and 2024, reaching $295 billion as of March 31, 2025.
Growth is expected to continue, fueled by regulatory changes, expansion in equity and debt markets, and rising demand for exchange-traded funds (ETFs), real estate investment trusts (REITs), and other investment vehicles.
The sector benefits from a strong institutional investor base that is anticipated to attract both domestic and international inflows, enhance liquidity, and broaden opportunities for Saudi investors.
Private funds have seen the sharpest rise, increasing sixfold since 2013 and now accounting for nearly half of total AUM at $148 billion. Discretionary mandates make up about $96 billion, or one-third of the sector, while public funds stand at $51.5 billion, or 18%.
Real estate remains the largest asset class, representing $72.2 billion, or almost 50% of private fund investments, followed by equities.
Equities dominate discretionary portfolios, making up $47.4 billion, or 49% of allocations. Public funds, however, show greater diversification, with 31% in money markets, 25% in equities, and 13% in debt instruments.
S&P noted that a mature asset management industry will offer Saudi Arabia’s young and expanding population access to a broader range of savings and investment products, potentially boosting long-term savings rates and supporting economic diversification.
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