Economy
Saudi Wealth Fund on Track to Manage $400 Billion Assets in 2020
(Bloomberg) — Saudi Arabia’s sovereign wealth fund is on track to manage $400 billion of assets by the end of next year, its head of corporate finance and treasury said.
Read: Saudi Set for Biggest IPO Since 2014
“We are going to become one of the largest and most impactful sovereign wealth funds in the world,” Alireza Zaimi said at a financial summit in Riyadh. “We are growing our assets faster on the international pool as we are trying to diversify, and increase the size and proportion of our international assets.”
Read: Qatar Fund Buys Chunk of $5.6 Billion Manhattan Portfolio
Saudi Arabia is seeking to transform the Public Investment Fund from a domestic holding company into the world’s largest sovereign fund. It’s already made a series of investments in companies such as Tesla Inc. and Uber Technologies Inc. as well as a $45 billion commitment to SoftBank Group Corp.’s Vision Fund.
The wealth fund currently has an AUM of $290 billion, according to Sovereign Wealth Fund Institute, making it the 11th largest globally.
-
News2 months agoINVESTIGATION: Why Nokia Could Matter More in the Quantum Age Than It Ever Did in Mobile
-
Business2 months agoOman India Fertiliser Company Lists on Muscat Stock Exchange
-
Banking & Finance2 months agoBank Muscat posts net profit of RO137.49 million in H1 2026
-
Alamaliktistaad Magazines2 months agoAlam Al-Iktisaad May 2026 Edition
-
News2 months agoOQ Signs Agreement to Divest Majis Industrial Services to Rakiza & IV3 Aqua-led Investment Consortium
-
News2 months agoHow Fake 7-Zip Software Exposed a Much Bigger Criminal Proxy Business
-
Banking & Finance2 months agoOman’s Banking Sector Records Credit Growth Of 11.5% By May 2026
-
Magazines2 weeks agoOER Magazine July Edition 2026

You must be logged in to post a comment Login