KUWAIT SOVEREIGN WEALTH FUND MAINTAINS ITS THIRD-PLACE RANKING

  • 06/01/2022

Kuwait City: According to The International Institute for Global Sovereign Funds, Kuwait's sovereign wealth fund has maintained its third-place ranking among the world's largest sovereign funds.


The Norwegian sovereign fund remains in first place, followed by the Chinese Investment Authority in second place. According to a fresh update of the worldwide sovereign fund rankings, the Kuwaiti sovereign fund's total assets grew to $737.93 billion, up from $692.9 billion earlier, representing a $45 billion rise. 

The assets of Norway's sovereign fund, the world's largest, decreased slightly from $1.36 trillion last year to $1.34 trillion this year. The assets of China's sovereign fund, the world's second largest, remained unchanged at $1.22 trillion.

The Abu Dhabi Investment Authority stayed fourth following the Kuwait Sovereign Fund, with assets valued at $697.8 billion, up from $649.1 billion last year. The Hong Kong sovereign fund stayed sixth, with assets valued at $585.7 billion, up from $580.5 billion the previous year. 

The Saudi Public Investment Fund rose to eighth place this year with $480 billion in assets, up from ninth place last year with assets valued at $ 430 billion at the time, and was followed by the Qatari sovereign fund in tenth place with assets valued at $354 billion. The institute disclosed that the overall assets of sovereign funds evaluated by it this year amounted to more than $ 9.52 trillion, an increase from $ 9.14 trillion the previous year.

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