Recent data revealed that the Saudi Public Investment Fund's assets rose by 8.3 percent, at a value of $30 billion, to reach $390 billion, maintaining its eighth position among the largest sovereign wealth funds in the world.
With this growth, the Public Investment Fund is close to raising its assets to exceed the $400 billion mark by the end of 2020, and if it follows the same growth rate, it is likely to surpass the Singaporean Fund "Stemmek", which has assets of $416 billion.
According to the latest classification of the SWF for the month of September, the Norwegian State Pension Fund ranked first as the largest sovereign fund in the world, with assets of $1108 billion, and the China Investment Company came in second place, with assets valued at $940.6 billion, followed by Abu Dhabi Investment Authority, with assets of $579.6 billion, followed by Kuwait's General Investment Authority in fourth place, with assets of $533.7 billion.
According to the report, the total assets of classified sovereign funds of 89 funds amounted to 7.83 trillion dollars.
Source (Asharq Al-Awsat Newspaper, Edited)
