Saudi Arabia, UAE sovereign funds rank among world’s largest: SWFI
10/12/2015 Argaam Exclusive
Saudi Arabia and the United Arab Emirates’ sovereign wealth funds— at $668.6 billion and $773 billion, respectively— ranked as the Middle East’s largest in December 2015, according to a report issued by the Sovereign Wealth Fund Institute (SWFI).
The asset value of the kingdom’s SWF dropped by about $3.2 billion q-o-q since the institute’s last quarterly report. It ranked as the world’s fourth largest, just behind China.
Meanwhile, the Abu Dhabi Investment Authority (ADIA) ranked second on the list after Norway. The Kuwait Investment Authority (KIA) claimed the fifth spot with assets worth $592 billion, while the Qatar Investment Authority (QIA) placed ninth at $256 billion.
Norway's Government Pension Fund maintained its ranking as the world's largest sovereign wealth fund, as its assets reached $824.9 billion during the period. Its asset value, however, fell from $873 billion in Q3-2015.