28.08.2013 - Saudi Arabia ranks second in terms of SWF assets
Saudi Arabia ranked second globally and first at the Arab level in terms of the assets of sovereign wealth funds (SWFs), local media said quoting a report released by the SWF Institute. According to the report, assets and foreign holdings of the Saudi Arabian Monetary Agency (SAMA), or the Kingdom’s central bank, stood at $675.9 billion in August of the current year compared to $532.8 billion in June. Norway, represented by the Government Pension Fund, occupied the first rank globally on holding the biggest SWF assets valued at $737.2 billion, the report said...............................................Full Article: Source
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