* Talal Al-Sayah from Riyadh
Sukuk and bonds listed on the Saudi stock market rose 1113.5 per cent at the end of the first quarter of 2019 to 299.74 billion riyals, which owned by 69 individuals, companies, funds and government entities, compared to 24.7 billion riyals at the end of the first quarter of 2018, belongs to "52 individuals, companies, funds and government agencies."
According to the monitoring of the reports unit in the newspaper "AlEqtisadiah" that based on the data of the Capital Market Authority of Saudi Arabia, the value of individuals' ownership of listed Sukuk and bonds increased by 600.7% to reach SR 21 million at the end of the first quarter of 2019, the increase in the value of shares compared to three million riyals at the end of the first quarter 2018.
The number of individuals holding sukuk and listed bonds increased by 300 per cent to four to one at the end of the first quarter of 2018.
Regarding companies, the growth rate reached 1252.8 per cent to reach the value of the assets of the sukuk and bonds by the end of the first quarter 2019 to 210.97 billion riyals compared to 15.59 billion riyals by the end of the first quarter 2018, thus, becoming the highest growth year for corporate ownership.
The number of companies holding sukuk and listed bonds reached 40 by the end of the first quarter of 2019 against 29 companies by the end of the first quarter of 2018 with a growth rate of 37.9%.
Investment funds, including GCC funds, were valued at SR 20.93 billion at the end of the first quarter of 2019 compared to SR 1.88 billion at a growth rate of 1011.8 percent.
The number of funds with sukuk and listed bonds at the end of the first quarter of this year stood at 19 compared to 17 at the end of the same period last year.
Government and semi-government entities held a total of SR 67.82 billion worth of Sukuk and listed bonds at the end of the first quarter of 2019, compared to SR 7.22 billion at the end of the first quarter of 2018, recording a growth of 839.3%.
The number of government and semi-government entities that hold sukuk and listed bonds at the end of the first quarter of this year rose six to five by the end of the first quarter of 2018.
