25/12/2018 08:08 AST

Saudi Arabian Monetary Authority (SAMA) has retained its position as the world’s sixth largest sovereign wealth fund (SWF) with a net worth of $515.6 billion, the November 2018 data from SWF Institute showed.

Meanwhile, the Saudi Public Investment Fund (PIF) maintained its 10th spot with assets valued at $360 billion. PIF had already announced plans to increase its total assets to nearly $600 billion by the end of 2020.

Norway’s Government Pension Fund topped the list of SWFs with assets standing at $1.058 trillion. China Investment Corporation (CIC) came in the second with $941.4 billion worth of assets. It was followed by Abu Dhabi Investment Authority ($683 billion) and Kuwait Investment Authority (KIA) with $592 billion worth of assets.

The assets of Investment Corporation of Dubai grew by $4 billion to $233.8 billion in November.

The combined assets of all sovereign funds under study amounted to $8.11 trillion by the end of November 2018, with Saudi Arabia and UAE accounting for 10.8 and 14.5 percent of total assets, respectively.

Saudi Gazette

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QNBK 197.99 234,436
APPC 54.60 245,093
SIECO 83.40 632,434
SAICO 11.40 155,201
CATERING 86.10 62,823
ALMARAI 53.90 542,352
SABIC 121.40 2,027,236
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