Saudi, UAE sovereign funds among world’s largest

11/02/2019 Argaam Special

 

The kingdom’s SAMA Foreign Holdings fund, which was placed sixth on the list, saw its asset value at $515.6 billion in February.

 

Elsewhere in the region, the Abu Dhabi Investment Authority (ADIA) ranked third on the list after Norway and China, with $697 billion in assets. The Kuwait Investment Authority (KIA) claimed the fourth spot with assets worth $592 billion, while Investment Corporation of Dubai placed 13th at $233.8 billion.

 

Norway's Government Pension Fund maintained its ranking as the world's largest sovereign wealth fund, with assets reaching $1.07 trillion during the period.

 

SWFs’ gross assets reached around $8.14 trillion in February. Saudi Arabia holds a 10.8 percent share of the world’s wealth funds, or $875.6 billion, while the UAE controls 14.6 percent, or $1190.8 billion.

 

World’s Largest Sovereign Wealth Funds

Ranking

Fund

Country

Asset

($ bln)

Variation compared to June 2018

($ bln)

1

Government Pension Fund - global

Norway

1,074.6

+ 16.6

2

China Investment Corporation

China

941.4

--

3

Abu Dhabi Investment Authority

UAE

697.0

+ 14.0

4

Kuwait Investment authority

Kuwait

592.0

--

5

Hong Kong Monetary Authority Investment Portfolio

China

522.6

--

6

SAMA Foreign Holdings

Saudi Arabia

515.6

--

7

SAFE Investment Company

China

441.0

--

8

Government of Singapore Investment Corporation

Singapore

390.0

--

9

Temasek Holdings

Singapore

375.0

--

10

Public Investment Fund

Saudi Arabia

360.0

--

11

Qatar Investment Authority

Qatar

320.0

--

12

National Social Security Fund

China

295.0

--

13

Investment corporation of Dubai

UAE

233.8

--

14

Mubadala Investment Company

UAE

226.0

--

15

Korea investment corporation

South Korea

134.1

--

16

Australian Future Fund

Australia

103.0

(4.7)

17

National Development Fund of Iran

Iran

91.0

--

18

National Welfare Fund

Russia

68.5

(8.7)

19

Libyan Investment Authority

Libya

66.0

--

20

Alaska Permanent Fund

USA

65.7

--

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read