58 cash market funds hold SAR 136.5 B in possessions

The analysis covers funds denominated in both SAR and United States dollars, with dollar-denominated possessions transformed into SAR.

Fund Distribution

Classification No. of Funds Properties

SAR-Denominated

Earnings 3 SAR 71.36 mln Capital Preservation 35 SAR 86.85 bln Capital Growth 8 SAR 44.68 bln Development & & Income 2 SAR 922.8 mln Overall 48 SAR 132.52 bln

USD-Denominated

Capital Preservation 9 $1 bln Capital Growth 1 $66.2 mln Overall 10 $1.07 bln

SNB Capital Al Sunbullah SAR Fund topped cash market funds by properties, with about SAR 34.57 billion, followed by Al Rajhi Awaeed Fund with about SAR 29.40 billion and SNB Capital Saudi Riyal Trade Fund with about SAR 16.56 billion.

Alpha Murabaha Fund ranked 4th, with about SAR 10.49 billion in properties, followed by Al Rajhi Growth Fund with about SAR 7.31 billion and Alinma Saudi Riyal Liquidity Fund with about SAR 6.16 billion.

Fund Net Assets Share of Total SNB Capital Al Sunbullah SAR Fund 34.57 26.1% Al Rajhi Awaeed Fund 29.40 22.2% SNB Capital Saudi Riyal Trade Fund 16.56 12.5% Alpha Murabaha Fund 10.49 7.9% Al Rajhi Growth Fund 7.31 5.5% Alinma Saudi Riyal Liquidity Fund 6.16 4.6% Riyad SAR Liquidity Fund 5.18 3.9% ANB Capital SAR Trade Fund 3.75 2.8% BSF Murabaha SAR Fund 2.77 2.1% Al Rajhi Saving and Liquidity Fund – SAR 2.24 1.7%

The information reveal a high degree of concentration in the sector, with the 3 biggest funds holding about SAR 80.5 billion, or almost 61% of overall properties tracked. The leading 10 funds represent about 89.4%.

There are likewise dollar-denominated cash market funds, led by SNB Capital Al Sunbullah USD, with about $497.4 million in possessions, comparable to around SAR 1.87 billion, followed by SNB Capital International Trade Fund with about $254 million and BSF Murabaha USD Fund with about $115 million.

The big possession base comes as CMA chose that financial investments outside Saudi Arabia by any public cash market fund need to not go beyond 5% of its net possession worth.

Based upon existing overall possessions of about SAR 136.5 billion, the 5% ceiling would in theory total up to about SAR 6.8 billion in optimum external financial investments once the funds totally adhere to the choice, presuming possessions stay at present levels.

This does not always indicate that about SAR 129.7 billion would be repatriated to Saudi Arabia, as the majority of fund properties might currently be invested locally, with the real effect depending upon each fund’s existing level of external financial investments and the degree to which they go beyond the brand-new 5% limitation.

The choice is especially substantial for the biggest funds, as a high percentage of external financial investments in a fund such as SNB Capital Al Sunbullah SAR Fund or Al Rajhi Awaeed Fund would equate into reasonably big quantities that would require to be reallocated throughout the shift duration set by the CMA.

Significant Funds See Strong Growth

A contrast with year-end 2025 likewise reveals significant development in a number of significant funds.

SNB Capital Al Sunbullah SAR Fund’ possessions increased by about SAR 11.73 billion, while Al Rajhi Awaeed Fund’s properties increased from about SAR 21.45 billion at the end of 2025 to around SAR 29.41 billion presently.

SNB Capital Saudi Riyal Trade Fund’s possessions increased from SAR 12.12 billion to SAR 16.56 billion, while Alpha Murabaha Fund’s possessions increased from SAR 6.95 billion to SAR 10.49 billion.

Alinma Saudi Riyal Liquidity Fund taped an even sharper boost, with possessions increasing from about SAR 2.65 billion at year-end 2025 to more than SAR 6.16 billion in the most recent evaluation.

Significant Money Market Funds Assets (SAR bln)

Fund Net Assets at End-2025 Net Assets since Latest Valuation Modification SNB Capital Al Sunbullah SAR 22.84 34.57 11.73 Al Rajhi Awaeed 21.45 29.40 7.95 SNB Capital Saudi Riyal Trade 12.12 16.56 4.44 Alpha Murabaha 6.95 10.49 3.54 Al Rajhi Growth — 7.31 7.31 Alinma Saudi Riyal Liquidity 2.65 6.16 3.51 Riyad SAR Liquidity 6.28 5.18 (1.10) ANB Capital SAR Trade 3.42 3.75 0.33 BSF Murabaha SAR 1.69 2.77 1.08

Cash market funds purchase a series of instruments, consisting of cash market deals, financial obligation securities, bank deposits, and derivatives, in addition to systems of cash market and fixed-income funds. They usually provide high liquidity, with much of their financial investments bring brief maturities, and are normally thought about less dangerous than property classes such as equities, while still being exposed to credit, liquidity, and interest-rate threats.

The CMA’s brand-new choice is anticipated to more direct these funds’ financial investments towards the domestic market. The quantity that funds might require to lower or refrain from restoring outdoors Saudi Arabia and consequently redeploy locally will depend on the level of external financial investments presently held by each fund and the level to which they surpass the brand-new 5% limitation. This can not be figured out from the funds’ overall possession worth alone.