CMA QSB for Q3 shows number of portfolios under management increase at record rate

CMA QSB for Q3 shows number of portfolios under management increase at record rate

RIYADH — The Capital Market Authority (CMA) issued Wednesday the Quarterly Statistical Bulletin (QSB) for the third quarter (Q3) of 2022. Through this bulletin, the CMA aims to provide several statistical information and data about the Saudi capital market that is important for investors, market analysts, and academic and student researchers. Also, the CMA aims to raise the level of transparency and disclosure and stimulates and develop investment in the capital market. The bulletin provides a variety of data on the Saudi capital market including Initial Public Offerings (IPOs), equity, debt instruments, investment funds in addition to data regarding Capital Market Institutions, listed companies and authorized Financial Technology (FinTech) Companies, and further, a full chapter about corporate governance. The quarterly bulletin data showed that the number of portfolios under management increased at a record rate of about 680% to reach 20.625 portfolios in Q3 of the current year, compared to 2,644 portfolios by the same period of 2021, and an increase of 459% compared to 3,689 portfolios by the end of Q2 of 2022. The said increase is due to the high raise of the private portfolios number of one of the capital market institutions which launched its businesses recently