Saudi Central Bank Withdraws Funds from at Least Two Managers

The Saudi Central Bank (SAMA) has reportedly withdrawn billions of dollars from at least two global asset managers in recent months. This move indicates that the institution, which manages one of the world's largest capital pools, is becoming more selective in its fund allocation. According to sources, the exact amount withdrawn and which managers were affected have not yet been clarified. SAMA's step is seen as part of Saudi Arabia's efforts to reduce its dependence on oil revenues and diversify its economy. The central bank has previously withdrawn funds from asset managers to shift toward direct investments. This strategy aligns with the country's Vision 2030 plan, which aims to increase foreign investments. Experts note that such withdrawals could lead to a liquidity squeeze in global markets. Fund managers operating in emerging markets, in particular, are directly affected by decisions of major investors like Saudi Arabia. SAMA's move has sparked speculation that other central banks in the Middle East might take similar steps. SAMA's total assets stand at approximately $450 billion. Portfolio adjustments by an institution of this size can cause fluctuations in global bond and equity markets. Investors are closely monitoring SAMA's future moves. This is not investment advice.