Saudi Fund: Among the Largest Sovereign Wealth Funds in the World

The Saudi Public Investment Fund has advanced in the rankings of the largest sovereign wealth funds in the world following an increase in its assets due to the transfer of a stake of Aramco shares to portfolios of companies owned by the fund. The SWF Institute reported that the Saudi fund has become the second largest in the Gulf region and the fifth largest globally. The institute, which specializes in monitoring sovereign funds, noted that the assets of the Saudi fund rose to $861 billion. Last week, Saudi Crown Prince Mohammed bin Salman announced the completion of the transfer of 8 percent of the total shares of Saudi Aramco to entirely owned subsidiaries of the Public Investment Fund. Consequently, the assets of the Saudi fund increased by $163.6 billion, according to a report from the SWF Institute. Below is a ranking of the largest 10 sovereign wealth funds in the world.