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.