Saudi asset management sector set to exceed $400bn in 2027: Fitch

RIYADH: Saudi Arabia’s asset management industry is expected to surpass $400 billion in 2027, supported by expanding capital markets, regulatory reforms and growing foreign participation, according to Fitch Ratings. The Kingdom’s asset management sector, the largest in the Gulf Cooperation Council, has remained resilient despite global market volatility, Fitch said, with assets under management rising 20 percent year on year…