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The company logo of the Bank of America and Merrill Lynch is displayed at its office in Hong Kong March 8, 2013. REUTERS. Bobby Yip
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File photo of the Riyadh skyline. (Asharq Al-Awsat)
Saudi Arabia’s sovereign wealth fund sees 9 percent asset growth since January
Jeddah, Asharq Al-Awsat—Total assets of Saudi Arabia’s main sovereign wealth fund, SAMA Foreign Holdings (SAMA), have jumped 9 percent since January, allowing it to maintain its position as the world’s third-largest, according to a report by the Sovereign Wealth Fund...Caption:
File photo showing a view of the Riyadh skyline. (Asharq Al-Awsat)
Saudi Arabia ponders creation of new sovereign wealth fund
London, Asharq Al-Awsat—Saudi Arabia’s Shura Council is to discuss proposals for the Kingdom to form a new sovereign wealth fund to invest its budget surplus, Asharq Al-Awsat has learned. The proposals will be discussed in two sessions on Monday and Tuesday, after the...Caption:
An undated photograph of the outside of the Abu Dhabi Investment Authority Building in Abu Dhabi, UAE. (Reuters)
Abu Dhabi’s sovereign wealth fund is world’s second largest
London, Asharq Al-Awsat—Abu Dhabi’s sovereign wealth fund (SWF), the Abu Dhabi Investment Authority (ADIA), is the world’s second largest in terms of overall assets, according to a quarterly list published by the Sovereign Wealth Fund Institute. The ADIA, which has...Caption:
Traders at the Qatar Stock Exchange. (Reuters)