The assets of the investment fund increased 5 times
Dubai – Al Arabiya.net
Posted on: July 16, 2023: 04:35 PM GST Last updated: July 17, 2023: 10:44 AM GST
The Saudi Public Investment Fund (PIF) has risen to sixth place in the world among sovereign wealth funds, according to the latest statistics from the “SWF Institute”, which was reviewed by Al Arabiya.net.
The fund’s assets rose from $690 billion to $776.7 billion, in the global sovereign wealth fund race.
Since 2015, the Fund’s assets have increased by more than 5 times.
The Norwegian Wealth Fund continued to be on the top of sovereign funds, with total assets of $1.371 trillion, followed by the China Investment Corporation, with a slight difference in assets, with total assets of $1.35 trillion.
And in the third place in the world came the Chinese Sovereign Wealth Fund “SAFE”, with net assets of $ 1.019 trillion, while the “ADIA” fund in Abu Dhabi was fourth in the world, and the first in the Arab world with assets amounting to $ 853 billion, followed by the Kuwaiti Wealth Fund with net assets of $ 803 billion, then The Public Investment Fund, with net assets of more than $776 billion.
And 4 Arab sovereign wealth funds were among the 10 largest wealth funds in the world, as the list concludes with the Qatar Investment Authority Fund, with total assets amounting to $ 475 billion.
Egypt’s Sovereign Fund entered the list at 47th place in the world, which was established in 2018 with total assets of $12 billion, according to the “SWF Institute”.
2023-07-17 06:44:38
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