Some of the funds are managed by the Saudi Arabian Monetary Agency (SAMA), the central bank of the Kingdom of Saudi Arabia which was established in 1952.
Many of the surplus oil revenues are invested in low-risk assets, such as Sovereign Debt.
*US$ 433.0 billion as of November 2008
News and Updates
2/1/2008 SAMA’s vice governor recently suggested that Kingdom of Saudi Arabia was planning a new sovereign fund which would invest in foreign securities.