Amid last year's oil boom, mutual funds spent billions of dollars on everything from technology and finance to sports, in many countries around the world.
There are 4 Arab personalities who manage this huge wealth, and are trying to expand the range of investments to increase the desired return of these funds.
According to a report published by Bloomberg, Abu Dhabi Emir Tahnoun bin Zayed Al Nahyan runs a $1.5 trillion empire. Mansour bin Zayed, the brother of Mohammed bin Zayed, the president of the UAE, is also one of the emirate's most influential businessmen. The governor of Saudi Arabia's Public Investment Fund, Yasser al-Rumayyan, is among the people managing large financial assets. Mansoor Ibrahim Al Mahmoud, as CEO of the Qatar Investment Authority, oversees $450 billion in assets.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
