The Government Pension Fund of Norway is the sovereign wealth fund collective owned by the government of Norway. It consists of two entirely separate sovereign wealth funds: the Government Pension Fund Global and the Government Pension Fund Norway.
The Abu Dhabi Investment Authority is a sovereign wealth fund owned by the Emirate of Abu Dhabi in the United Arab Emirates, founded to invest funds on behalf of the Government of Abu Dhabi. It manages the emirate's excess oil reserves and is estimated to manage $1,057 billion. ADIA is one of the largest sovereign wealth funds in the world.
The Saudi Central Bank, previously known as the Saudi Arabian Monetary Authority, established in 1952, is the central bank of the Kingdom of Saudi Arabia. Despite the name change in 2020, the Saudi Central Bank has continued to use the same acronym (SAMA).
A sovereign wealth fund (SWF), or sovereign investment fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity funds or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign exchange reserves held by the central bank.
China Investment Corporation (CIC) is a sovereign wealth fund that manages part of China's foreign exchange reserves. China's largest sovereign fund, CIC was established in 2007 with about US$200 billion of assets under management, a number that grew to US$1,200 billion in 2021 and US$1,3 billion in December 2024.
The Libyan Investment Authority is a government-managed sovereign wealth fund and holding company headquartered in Tripoli, Libya. It was established on August 28, 2006, by Decree 208 of the General People's Committee of Libya (GPC), after the lifting of economic sanctions that had previously precluded foreign investment in Libya. The LIA oversees and manages investments in various areas including agriculture, real estate, infrastructure, oil and gas and in shares and bonds. It is Africa's largest sovereign wealth fund. The fund is a member of the International Forum of Sovereign Wealth Funds and is therefore signed up to the Santiago Principles on best practice in managing sovereign wealth funds. In December 2024, the fund has US$67 billion in assets under management.
The Korea Investment Corporation is a sovereign wealth fund established by the government of South Korea in 2005. Its mission is to preserve and enhance the long-term purchasing power of South Korea's sovereign wealth through efficient management of public funds in the international financial markets. KIC manages assets entrusted by the Government, the Bank of Korea, and other public funds as defined under the National Finance Act. KIC directly invests the entrusted assets or re-entrusts the assets to external managers. As of December 2024, KIC has $189.4 billion assets under management.
Adel Al-Saraawi is a former member of the Kuwaiti National Assembly, representing the third district. Al-Saraawi studied accounting before being elected to the National Assembly in 2003. He is considered an Independent deputy, but affiliates with the Islamist members.
The Santiago Principles or formally the Sovereign Wealth Funds: Generally Accepted Principles and Practices (GAPP) are designed as a common global set of 24 voluntary guidelines that assign best practices for the operations of Sovereign Wealth Funds (SWFs). They are a consequence of the concern of investors and regulators to establish management principles addressing the inadequate transparency, independence, and governance in the industry. They are guidelines to be followed by sovereign wealth fund management to maintain a stable global financial system, proper controls around risk, regulation and a sound governance structure.
The National Development Fund of Iran is Iran's sovereign wealth fund. It was founded in 2011 to supplement the Oil Stabilization Fund. NDFI is independent of the government's budget. Based on Article 84 of the Fifth Five-year Socio-Economic Development Plan (2010–2015), the National Development Fund was established to transform oil and gas revenues to productive investment for future generation. It is a member of the International Forum of Sovereign Wealth Funds and therefore is signed up to the Santiago Principles on best practice in managing sovereign wealth funds. Withdrawing any money from this fund requires Khamenei's permission.
Mustafa Jassem Al-Shamali is a Kuwaiti politician who has had held different cabinet posts. He served as Minister of Finance between 2007 and May 2012. He also served as oil minister from 4 August 2013 to January 2014.
The Oman Investment Fund is a sovereign wealth fund, established in 2006 in accordance with a royal decree of His Majesty the Sultan of Oman. The fund makes medium to long-term investments, globally and domestically, to diversify the government of Oman's asset base and create a pool of sustainable cash flow. As of December 2024, the fund's assets under management are estimated at approximately US$50 billion.
The Nigeria Sovereign Investment Authority is a Nigerian establishment which manages the Nigeria sovereign wealth fund, into which the surplus income produced from Nigeria's excess oil reserves is deposited. This sovereign wealth fund was founded for the purpose of managing and investing these funds on behalf of the government of Nigeria. The fund was established by the Nigeria Sovereign Investment Authority Act 2011, signed in May 2011, and commenced operations in October 2012. It is intended to invest the savings gained on the difference between the budgeted and actual market prices for oil to earn returns that would benefit future generations of Nigerians. The fund was allocated an initial US$1 billion in seed capital, and, an additional $0.60billion has been contributed to date by the current administration. In December 2024, the fund has US$2.4 billion in assets under management.
Salem Abdulaziz Al Sabah is a Kuwaiti economist and politician. A member of the ruling Al Sabah family, he served as deputy prime minister and minister of finance from 4 August 2013 to January 2014.
Anas Khalid Al Saleh is a Kuwaiti businessman and politician. He held the positions of deputy prime minister, minister of interior, and minister of cabinet affairs from 2019 to 2021. Prior to these roles, he served as minister of finance from January 2014 until December 2017 and as minister of commerce and industry from February 2012 to January 2014.
The Fundo Soberano de Angola is the sovereign wealth fund of Angola. It is a member of the International Forum of Sovereign Wealth Funds, and therefore has signed up to the Santiago Principles on best practice in managing sovereign wealth funds. The FSDEA is meant to play an important role in promoting Angola’s social and economic development and generating wealth for its people. The fund was rated by the SWFI in February 2015 with a ranking of 8 out of 10.
Ministry of Finance is one of the governmental bodies of Kuwait and part of the cabinet. It is concerned with the executive general administration of public financial affairs in the State of Kuwait. As of August 2024 the minister is Noora Suleiman Al Fassam.
The International Forum of Sovereign Wealth Funds (IFSWF) is a nonprofit international group of sovereign wealth funds managers which was established in 2009. It is based in London, England.
The Sovereign Fund of Egypt is a Sovereign wealth fund, owned by the Arab Republic of Egypt, Its established in 2018 by Law No. 177 of 2018 and amended by Law No. 177 of 2020, with the aim of contributing to the financial economic development of Egypt through the management of funds and assets owned or transferred to it, as well as investing in many different economic activities.
US$980 billion (July 2024)
