SAMA

Saudi King Salman Approves New Funds for PIF

According to a statement by Saudi news agency SPA, Saudi King Salman mandated the moving of 100 billion SAR (US$ 26.67 billion) to be moved from the country’s foreign reserves to the Public Investment Fund (PIF). The moved capital will be used to back local and overseas investments.


Saudi Arabia Holds $116.8 Billion in U.S. Debt – March 2016

The U.S. Treasury released information regarding Saudi Arabia’s holdings of U.S. debt, after a Freedom of Information Act (FOIA) request. Saudi Arabia holds US$ 116.8 billion of U.S. debt as of March 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


What is the Probability of Saudi Arabia Pulling Out of U.S. Assets?

The government of Saudi Arabia is a major foreign investor in the United States, especially in U.S. sovereign debt. They have been buying U.S. since their oil boom really took off. For example, in 1974, Saudi Arabian Monetary Agency (SAMA) purchased US$ 600 million worth of Federal National Mortgage Association (Fannie Mae) debentures through the […]


REPORT: How Saudi Arabia Can Have the Largest Sovereign Wealth Fund

Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman, son of King Salman and a chief political powerbroker, revealed publicly that the Kingdom of Saudi Arabia intends to have a colossal sovereign wealth fund, in addition to the current massive pool of foreign reserves being managed by the Saudi Arabian Monetary Agency (SAMA). Some estimates see […]


SAMA Reserves and Net Foreign Assets Fall Slightly in Jan 2016

Oil prices have remained low as the glut continues. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Should Sovereign Funds Be Concerned About Fannie Mae?

Sovereign wealth funds, pensions and even central banks have been investors in Fannie Mae-backed securities. In fact, in the late 1970s, one of the largest holders of Fannie Mae securities was the Saudi Arabian Monetary Agency (SAMA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


New Details on Proposed Saudi Sovereign Fund

Saudi Arabia is getting closer to forming a new sovereign wealth fund to manage a portion of its oil wealth for diversification purposes. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


11-Year-Low: Awful Oil Milestone for Gulf Sovereign Funds

Backed by public pension fund capital, private equity money, hedge funds and Wall Street, recent fossil fuel production in the United States has transformed the global energy model, returning some economic power to the West. The story has changed with the force of the American shale revolution. After coming back from a signature climate deal […]


3 Brilliant Ways Sovereign Funds Are Diversifying

With the growth of sovereign wealth fund assets slowing down due to low commodity prices, sovereign investors have been re-adjusting their portfolio strategies. For example, the Abu Dhabi Investment Authority (ADIA) have augmented hiring in the areas of institutional real estate. While others, like the Saudi Arabian Monetary Agency (SAMA), has terminated mandates to enhance […]


Fahad Abdullah Al-Mubarak Takes #2 on Public Investor 100-2015

SWFI Staff has released the Public Investor 100. He ranks 2 out of 100 for the SWFI Public Investor 100 – 2015. To see the full rankings Governor Fahad Abdullah Al-Mubarak of the Saudi Arabian Monetary Agency (SAMA) has experienced the toughest reign in over two decades at the central bank giant. Al-Mubarak is tasked […]


Asset Managers Feel Heat from SAMA Withdrawals

For the past decade, name-brand asset managers have benefited greatly from generating business from oil-rich Gulf funds. However, for one country this is changing fast. This oil-rich central banking reserve giant has pulled back from global equities. In fact, a number of wealth funds have disengaged from listed emerging equities and emerging currencies to preserve […]


Friday SWFI News Roundup, August 7, 2015

GIC Possible Assist in Worldpay Bid Private equity giants Blackstone Group and Hellman & Friedman are teaming up to acquire U.K.-based Worldpay, a payments processing company that is trying to float £6 billion onto the London stock exchange. The private equity group may include Singapore’s GIC Private Limited to have additional financial firepower in the […]


Gulf Sovereign Wealth Funds Navigate Low Oil Prices

The Kingdom of Saudi Arabia has issued its first sovereign bonds since 2007, facing a significant budget gap that exceeds 145 billion riyals (US$ 38.6 billion) according to Saudi officials. To date, over 244 billion riyals (US$ 65 billion) has been transferred out of foreign reserves in 2015 to cover deficit spending. The reason for […]


tibbles

Friday SWFI News Roundup, May 1, 2015

Abu Dhabi Investment Council Decreases Ownership in Canadian Retailer Abu Dhabi Investment Council (ADIC), through its sovereign wealth enterprise Hanover Investments (Luxembourg) S.A., sold off shares of Hudson’s Bay Company at a price of $27.25 per common share. This is approximately 5.8% of the outstanding common shares on a non-diluted basis pursuant to a secondary […]


Key Saudi Oil Adviser Warns on Herd Mentality

Ibrahim Al-Muhanna, advisor to the Minister of Petroleum and Mineral Resources for Saudi Arabia, gave a keynote at the Washington, DC-based Institute of International Finance conference in Doha on March 14th. Al-Muhanna had interesting insights on oil prices, OPEC and markets. Al-Muhanna reiterated there was no political motive behind Saudi Arabia’s decision to not cut […]


Dubai

Korea Investment Corp Signs MoU with Dubai SWF and Kingdom Holding

The Investment Corporation of Dubai (ICD) signed a Memorandum of Understanding (MoU) with the Korea Investment Corporation (KIC). Sovereign wealth funds and Western financial institutions perceive the Gulf cities, particularly Dubai, Abu Dhabi, Manama and Doha as potential gateways into Africa. Almost concurrently, ICD formed a US$ 1 billion development deal with Brookfield Asset Management […]


3 Recent Events That Will Rock Middle East Economies

The Kingdom of Saudi Arabia and Libya are home to massive pools of cash derived from oil wealth. Both of these countries have sovereign wealth funds and other large public funds. Saudi State TV has reported Saudi King Abdullah bin Abdulaziz has passed away at the age of 91. Prince Salman, King Abdullah’s 79-year-old half-brother, […]


SAMA Acquires Shares in Korean Shipbuilder

The Saudi Arabian Monetary Agency (SAMA) has acquired a 7.26% stake in Hyundai Mipo Dockyard Co. Ltd, a South Korean tanker specialist, over a series of open market transactions. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


4 Horrible Performing Investments for Institutional Investors in 2014

As Santa Claus sprinkles down bow-tied gifts on U.S. stock market investors, not all was well for investors in 2014. The equity capital markets laid traps for institutional investors. At times, even the “smartest minds” in investing make serious errors when allocating assets. For example, the AllianceBernstein All Market Real Return Portfolio, which actively shifts […]


Saudi FinMin Says No Need for Sovereign Wealth Fund

Saudi Arabia’s Finance Minister Ibrahim Abdulaziz Al-Assaf said there was no need for the country to create an official sovereign wealth fund to manage its oil reserves. The vast pool of petrodollars are managed by the Saudi Arabian Monetary Agency (SAMA), the Kingdom’s central bank. The majority of those assets are in liquid securities. The […]