Saudi, UAE Close To Top Of World SWF Rankings
Saudi Arabia’s SAMA is the world’s second largest sovereign wealth fund (SWF), whilst Abu Dhabi Investment Authority (ADIA) comes in third, according to a November update of fund rankings by the US-based Sovereign Wealth Fund Institute. Norway tops the list with $804bn out of a global total of $6.02 trillion (of which 59% is oil and gas-related).
MENA accounts for eight of the top 20. MENA holdings are...