Banks operating in Saudi Arabia lose investors

According to SAMA, banks operating in Saudi Arabia have lost more than 80,000 investors in domestic stocks investment funds, as at June-end. The report by SAMA’s data collection department said that the funds' assets valuations fell by nearly 21% reaching SR 109.2 billion compared to SR 138.0 billion in corresponding period last year.

The report did not disclose of the contributors to such a dramatic change.

However, according to Khaleej Times, the largest fall was included in the funds’ domestic stocks components, which constituted about 57% the total funds' assets.