The UAE topped the list of largest sovereign wealth funds (SWFs) in the Arab region with assets standing at $1.3 trillion, SWF Institute’s data showed.
Saudi Arabia took the second position with assets valued at $717.9 billion.
Kuwait’s investment authority (KIA) came third with 18 percent of the regional sovereign asset pie, followed by Qatar (11 percent).
Other Arab countries including Libya, Bahrain, Algeria, Palestine, Mauritania, Oman own a combined $110.2 billion worth of assets.
The combined assets of all Arab sovereign funds amounted to $3 trillion, with Saudi Arabia and UAE accounting for 24 and 44 percent share, respectively.
|
Top Sovereign Funds in the Arab region |
||
|
Country |
Number of SWF |
Value ($ bln) |
|
UAE* |
5 |
1306.5 |
|
Saudi Arabia |
2 |
717.9 |
|
Kuwait |
1 |
524.0 |
|
Qatar |
1 |
320.0 |
|
Libya |
1 |
66.0 |
|
Oman |
2 |
24.0 |
|
Bahrain |
1 |
10.6 |
|
Algeria |
1 |
7.6 |
|
Iraq |
1 |
0.9 |
|
Palestine |
1 |
0.8 |
|
Mauritania |
1 |
0.3 |
|
Total |
18 |
2978.6 |
*Owns another fund – Sharjah Asset Management – but its value was not defined.
Individually, Abu Dhabi Investment Authority (ADIA) topped Arab SWFs list with $828 billion in assets, followed by Kuwait Investment Authority (KIA) with assets standing at $524 billion, Saudi Arabian Monetary Authority (SAMA) at $494 billion, while Saudi Public Investment Fund (PIF) came in fifth position at $223.9 billion.
|
Individual Arab sovereign funds by assets |
|||
|
Rank |
SWF |
Country |
Assets ($ bln) |
|
01 |
Abu Dhabi Investment Authority |
UAE |
828.0 |
|
02 |
Kuwait Investment Authority |
Kuwait |
524.0 |
|
03 |
SAMA Foreign Holdings |
Saudi |
494.0 |
|
04 |
Qatar Investment Authority |
Qatar |
320.0 |
|
05 |
Public Investment Fund |
Saudi |
223.9 |
|
06 |
Investment Corporation of Dubai |
UAE |
209.5 |
|
07 |
Mubadala Investment Company |
UAE |
125.0 |
|
08 |
Abu Dhabi Investment Council |
UAE |
110.0 |
|
09 |
Libyan Investment Authority |
Libya |
66.0 |
|
10 |
Emirates Investment Authority (EIA) |
UAE |
34.0 |
|
11 |
State General Reserve Fund |
Oman |
18.0 |
|
12 |
Bahrain Mumtalakat Holding Company |
Bahrain |
10.6 |
|
13 |
Revenue Regulation Fund (Algeria) |
Algeria |
7.6 |
|
14 |
Oman Investment Fund (OIF) |
Oman |
6.0 |
|
15 |
Development Fund for Iraq |
Iraq |
0.9 |
|
16 |
Palestine Investment Fund |
Palestine |
0.8 |
|
17 |
FNRH |
Mauritania |
0.3 |
|
18 |
Sharjah Asset Management |
UAE |
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