Riyadh – Mubasher: Saudi Arabia’s sovereign wealth funds recorded a combined value of $697 billion in assets, according to data published by the Sovereign Wealth Fund Institute (SWFI) in June.
The country’s SAMA Foreign Holdings fund held $514 billion in assets by the end of June, ranking fifth largest globally, while the Public Investment Fund (PIF) held $183 billion and ranked 13th globally, the data showed.
The country’s wealth represents 9.5% of global sovereign wealth.
Norway’s Government Pension Fund was the top wealth fund with assets valued at $922 billion, while the Abu Dhabi Investment Authority (ADIA) came in second with total assets reaching $828 billion, the SWFI said.
The Kuwait Investment Authority (KIA) and the Qatar Investment Authority (QIA) ranked fourth and ninth with $524 billion and $300 billion, respectively.
Global sovereign wealth funds holdings logged a combined $7.33 trillion by the end of June, according to data by SWFI.
