Gulf sovereign funds recorded a remarkable performance during the first quarter of this year, amid expectations that the returns of these funds will increase by the end of this year. The assets of sovereign funds of four Gulf countries amounted to about $ 2.66 trillion by the end of March. According to the data, the UAE's Abu Dhabi Investment Authority ranked third globally, managing assets worth $790 billion. The Kuwait Investment Authority Fund ranked fourth globally, with assets of about $750 billion. The Public Investment Fund, the Saudi sovereign wealth fund, ranked sixth globally after the value of its sovereign assets increased by more than $ 42.58 billion to reach $ 650 billion from its previous estimated value of $ 607.42 billion at the end of 2022. The Qatar Investment Authority (QIA) was ninth with assets of $475 billion.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
