The Kingdom of Saudi Arabia’s financial assets grew to $1.25 trillion during 2024, representing a 4.4 percent year-over-year expansion that underscores the nation’s continuing wealth accumulation alongside an increasingly diverse and sophisticated investor demographic, according to Boston Consulting Group‘s latest findings.
By year-end, the Kingdom’s total net wealth climbed to an unprecedented $3.7 trillion, driven by appreciation in both financial instruments and tangible assets during a period of sustained economic growth.
Real Estate and Saudi Arabia Financial Assets
Despite rising financial holdings, tangible assets continue to form the largest share of Saudi Arabia’s aggregate wealth. Boston Consulting Group projects these real assets, which stood at $2.76 trillion in 2024, will expand to $2.94 trillion by 2029, representing a 1.3 percent compound annual growth rate.
This projection corresponds with analyses from global financial institutions. The World Bank recently revised its 2025 Saudi Arabia growth projection upward to 3.8 percent this month, while the International Monetary Fund forecasts a 4 percent expansion for both 2025 and 2026, attributing the optimism to the strength in the petroleum and diversified economic sectors.
Diversifying Saudi Arabia Financial Assets by 2029
The consulting firm’s data indicates that equity investments and cash-equivalent holdings represented the primary financial asset categories in 2024, totaling $339 billion and $300 billion, respectively.
Projections suggest that equities will reach $398 billion by 2029, while liquid assets, including currency and deposits, are expected to climb to $414 billion, indicating Saudi investors’ sustained emphasis on accessible capital.
Additional asset categories show parallel expansion. Insurance and retirement fund holdings, recorded at $99 billion in 2024, are anticipated to grow to $140 billion within five years. Fixed-income securities, though representing a smaller portion at $9 billion, are projected to increase to $13 billion during the same timeframe.
Forecast for Saudi Arabia Financial Assets and Capital
The Kingdom’s deployable wealth is forecast to advance from $1.04 trillion in 2024 to $1.31 trillion by 2029, indicating a 4.7 percent annual expansion rate. Non-deployable wealth is projected to grow at an accelerated 5.3 percent yearly pace, bolstered by continued infrastructure investment and economic advancement initiatives.
Simultaneously, total liabilities increased 6.8 percent to $307 billion in 2024, contributing to equilibrium within the Kingdom’s comprehensive wealth structure.
Transformation in the Financial Advisory Sector
Boston Consulting Group characterizes Saudi Arabia’s wealth management environment as transitioning into a new era, influenced more significantly by fundamental changes in wealth stewardship practices than by market fluctuations alone.
Financial services organizations, according to the analysis, can no longer depend exclusively on consolidation activities or recruiting experienced professionals. Rather, competitive advantage increasingly requires cultivating advisory expertise internally, establishing a distinctive institutional identity, and addressing the preferences of emerging generations of clients.
As the Kingdom’s wealth base continues its expansion trajectory, BCG indicates that genuine prospects emerge not merely from asset volume growth, but from how adeptly financial institutions navigate an increasingly intricate and dynamic investment environment.
