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Saudi fund investment grows by 11.2 percent to USD 48.06bn
(MENAFN) The Saudi Capital Market Authority (CMA) proclaimed that the investment funds sector increased by 11.2 percent last year to reach USD 48.06bn.
Accordingly, the Authority said that the public providing of four firms generated a whole of USD 1.12bn worth of shares.
Moreover, CMA sets a planned objective to raise governance and transparency standards as well as increase the level of communication.
The CMA is on track to apply 54 initiatives of the confirmed strategic plan, which included 342 activities with the CMA achieving 91 percent.
Accordingly, the Authority said that the public providing of four firms generated a whole of USD 1.12bn worth of shares.
Moreover, CMA sets a planned objective to raise governance and transparency standards as well as increase the level of communication.
The CMA is on track to apply 54 initiatives of the confirmed strategic plan, which included 342 activities with the CMA achieving 91 percent.
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