Morocco followed with $13.2 billion and Kuwait with $8.9 billion.
Compared to the previous quarter, only two countries posted net funds inflow: Jordan ($1.6 million) and Oman ($1.3 million). All others showed net outflow.
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Sunday 21 August 2011
Kingdom leads MENA in asset management | A1SaudiArabia.com
The Middle East North Africa (MENA) regions funds industry registered $64.5 billion in assets under management at the end of the first quarter of 2011 for funds domiciled in the region, with Saudi Arabia, having 243 domiciled funds, continues to lead the way with $23.7 billion in assets under management, Zawya, an online provider of business intelligence, said in its recent quarterly funds ranking results.
Morocco followed with $13.2 billion and Kuwait with $8.9 billion.
Compared to the previous quarter, only two countries posted net funds inflow: Jordan ($1.6 million) and Oman ($1.3 million). All others showed net outflow.
Morocco followed with $13.2 billion and Kuwait with $8.9 billion.
Compared to the previous quarter, only two countries posted net funds inflow: Jordan ($1.6 million) and Oman ($1.3 million). All others showed net outflow.
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