Saudi sovereign wealth fund asset grows 9% since January | Economy | Saudi Gazette

Saudi sovereign wealth fund asset grows 9% since January | Economy | Saudi Gazette:



"Total assets of Saudi Arabia’s main sovereign wealth fund, SAMA Foreign Holdings (SAMA), have jumped 9 percent since January, allowing it to maintain its position as the world’s third-largest, according to a report by the Sovereign Wealth Fund Institute (SWFI).



In its most recent ranking of global sovereign wealth funds, the Washington-based SWFI said SAMA’s total assets had risen to $737.6 billion in October, up 9 percent from $675.9 billion in January.



However, Dr. Ali Al-Tuwati, an economics professor at the King Abdulaziz University in Jeddah, said that SAMA’s position in the rankings would likely fall next year if global oil prices did not stabilize."



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