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Assets of Saudi Public, Private Investment Funds Amount to $86.1 Bn

Assets of Saudi Public, Private Investment Funds Amount to $86.1 Bn
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Assets of Saudi Public, Private Investment Funds Amount to $86.1 Bn

Assets of Saudi Public, Private Investment Funds Amount to $86.1 Bn

The value of public and private assets of investment funds in Saudi Arabia registered a new leap during Q2 2019, amounting to SAR323 billion ($86.1 billion), compared to SAR310 billion ($82.6 billion) in Q1 of the same year.

According to Saudi Capital Markets Authority (CMA), the value of public and private funds’ assets jumped by 4.1 percent in the Q2 2019 while the value of the private investment funds’ assets grew by 3.5 percent, and the value of public fund assets grew by 5.3 percent.

The value of the assets of private investment funds amounted to SAR196.9 billion ($52.5 billion) at the end of Q2 2019 compared with SAR190.1 billion ($50.6 billion dollars) in the first quarter.

Meanwhile, the value of assets of public investment funds amounted to SAR126.1 billion ($33.6 billion) by the end of Q2 2019 compared with SAR119.7 billion ($31.9 billion) in Q1 2019.

According to the CMA, the investment fund includes a set of securities that are selected according to specific criteria that meet the objectives of the investment funds, including the public and special funds.

Profits of the investment funds come usually from capital gains, which are the profits resulting from the improvement or change in the prices of the securities invested in addition to dividend profits, if any, for securities.

In this context, foreign investments by non-founders in the Saudi stock market rose to 5.1 percent of the total market last week compared to 5.03 percent at the end of the previous week.

This rise is due to net purchases amounting to SAR712.7 million ($190 million) made last week.

Therefore, non-founder foreign investors' ownership in the Saudi stock market has continued to record all-time highs. This ownership includes swap agreements, eligible and residing investors and excludes the founders’ strategic shares.

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China Vows Tougher Action against Smuggling of Strategic Minerals

A woman holds an umbrella to shelter from the sun walks along a street in Beijing, China, Thursday, July 17, 2025. (AP Photo/Mahesh Kumar A.)
A woman holds an umbrella to shelter from the sun walks along a street in Beijing, China, Thursday, July 17, 2025. (AP Photo/Mahesh Kumar A.)
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20
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China Vows Tougher Action against Smuggling of Strategic Minerals

A woman holds an umbrella to shelter from the sun walks along a street in Beijing, China, Thursday, July 17, 2025. (AP Photo/Mahesh Kumar A.)
A woman holds an umbrella to shelter from the sun walks along a street in Beijing, China, Thursday, July 17, 2025. (AP Photo/Mahesh Kumar A.)

China vowed on Saturday to step up a crackdown and toughen law enforcement against smuggling of strategic minerals seen as vital to national security and critical for development.

The remarks by the commerce ministry came a day after the state security ministry accused foreign spy agencies of having tried to "steal" rare earths and pledged to crack down on infiltration and espionage targeting the critical sector.

The world's largest supplier of dozens of strategic minerals, China began imposing export curbs in 2023 on supplies vital to sectors ranging from chipmaking and the energy transition to defense.

The commerce ministry remarks, describing smuggling and export of strategic minerals as a severe problem to be combated, came at a meeting of officials responsible for export control coordination and other government bodies.

"Cases of smuggling by a small number of criminals for their own selfish interests and collusion between domestic and foreign parties are still occurring," it said in a statement.

Evasive methods such as false declarations and third-country transshipment were taking on increasingly covert forms, it added, urging government bodies to prevent illegal outflows of strategic minerals and related technologies.

China has adopted a "zero-tolerance" approach to smuggling and export of strategic minerals, which it will fight with a heavy hand, through special efforts to toughen law enforcement, the ministry said.

In May China said it would strengthen controls on the entire supply chains of strategic mineral exports while tightening its grip on materials deemed crucial to national interest.

Earlier, Beijing launched a special campaign to tackle smuggling of strategic minerals such as gallium, germanium, antimony, tungsten and some rare earths.