|28 May, 2019

Kuwait’s sovereign fund ranks 4th in the world

Total assets of Kuwait’s sovereign fund reached $592bln

Image used for illustrative purpose. Kuwait, elevated view of the modern city skyline and central business district.

Image used for illustrative purpose. Kuwait, elevated view of the modern city skyline and central business district.

Getty Images/Gavin Hellier

KUWAIT CITY - 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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