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Wednesday , October 16 2019

Kuwait’s sovereign fund ranks 4th in the world

Total assets reach $592 bn: SWFI

KUWAIT CITY, May 28: Kuwait’s sovereign fund ranked fourth among the 81 biggest sovereign funds all over the world in terms of assets, reports Al-Rai daily.

According to the Sovereign Wealth Fund Institute (SWFI) website, the total assets of Kuwait’s sovereign fund reached $592 billion, which is the second in the Middle East after Abu Dhabi with $696.66 billion.

Norway’s sovereign fund known as ‘Governmental Pensions Fund’ ranked first with total assets of $1.073 trillion dollar, followed by China in second place with $941.42 billion.

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