Manama/Dubai, Feb. 2 -- Saudi Arabia's asset management industry remains resilient and represents cautiously optimistic outlook for the year 2021.
The asset management firms managed in aggregate SR 471 billion of AUMs, a growth of 14% since December 31, 2019.
KPMG, the leading provider of audit, tax and advisory services in Saudi Arabia, published its first edition of the Asset management review, analyzing the industry's financial performance through the lens of twelve large asset management firms regulated by the Capital Market Authority (CMA).
The report details the dynamic shift in investment strategies and business plans amid COVID-19 crisis and how varied investor behaviors have evolved in recent times.
The asset management industr...