SIAL Group’s Post

The 2023 league table is led, for the first time in six years, by a #fund other than #GIC. The #Singaporean SWF reduced its investment activity by -37% in volume and by -46% in value, despite having received one of its largest inflows ever from the central bank #MAS, US$ 144 billion, which it will need to put to work. Most of this reduction came via developed markets, as the activity in India, China, Brazil and Indonesia was much higher. The clear winner was #Saudi’s #PIF, which has become a heavy-hitter both at home and overseas. In the Kingdom, it pursued frequent deals and JVs to keep advancing the domestic economy towards Vision 2030. Overseas, it closed investments in Scopely in the US and Nintendo in Japan (gaming), in Vale Basic Materials in Brazil (mining), and in Heathrow airport and Rocco Forte Hotels in the UK (real assets), among others. The Saudi fund is accompanied by the other four “Oil Five” Gulf SWFs in the Top 10: #ADIA, #Mubadala and #ADQ in Abu Dhabi and #QIA in Qatar. The table is completed by three Canadian funds (#CPP, #BCI, #OTPP) and the other Singaporean investor (#Temasek), which has kept a lower profile in 2023 following our methodology. Gulf SWFs have increased their domination of the global transaction activity, to the detriment of Singaporean and Canadian funds, and now represent 40% of all investment value deployed by Sovereign Investors.

Saudi companies, including those backed by the Public Investment Fund (PIF) and listed on the Saudi Exchange (Tadawul), may explore listings in Hong Kong, according to Carlson Tong Ka-shing, Chairman of Hong Kong Exchanges and Clearing (HKEX). He mentioned this possibility during discussions with the South China Morning Post, highlighting that both Tadawul and the PIF are interested in this initiative. Ka-shing stated, “It is a win-win situation for Saudi companies to list in Hong Kong as they can raise funds to diversify their economy,” while also allowing Hong Kong and international investors access to the Gulf economy. He was part of a 110-member delegation from Hong Kong, led by Financial Secretary Paul Chan Mo-po, at the 8th Future Investment Initiative (FII) summit in Riyadh. At the summit, two exchange-traded funds worth a total of $1.8 billion were listed on Tadawul, enabling Middle Eastern investors to trade Hong Kong stocks for the first time. #SaudiArabia #HongKong #PIF #Tadawul #HKEX #Investment #FII2024 #EconomicDiversification

Saudi companies, including those backed by the Public Investment Fund (PIF) and listed on the Saudi Exchange (Tadawul), may explore listings in Hong Kong, according to Carlson Tong Ka-shing, Chairman of Hong Kong Exchanges and Clearing (HKEX). He mentioned this possibility during discussions with the South China Morning Post, highlighting that both Tadawul and the PIF are interested in this initiative. Ka-shing stated, “It is a win-win situation for Saudi companies to list in Hong Kong as they can raise funds to diversify their economy,” while also allowing Hong Kong and international investors access to the Gulf economy. He was part of a 110-member delegation from Hong Kong, led by Financial Secretary Paul Chan Mo-po, at the 8th Future Investment Initiative (FII) summit in Riyadh. At the summit, two exchange-traded funds worth a total of $1.8 billion were listed on Tadawul, enabling Middle Eastern investors to trade Hong Kong stocks for the first time. #SaudiArabia #HongKong #PIF #Tadawul #HKEX #Investment #FII2024 #EconomicDiversification

Abu Dhabi becomes the wealthiest city in the world in terms of capital managed by its Sovereign Wealth Funds According to data compiled by Global SWF, Abu Dhabi has emerged as the wealthiest city in the world in terms of capital managed by its Sovereign Wealth Funds (SWFs), with assets totalling an impressive US$ 1.7 trillion as of October 2024. Following Abu Dhabi in the global ranking are Oslo, home to the world’s largest sovereign wealth fund NBIM, Beijing with CIC, Singapore’s GIC and Temasek, Riyadh’s PIF, and Hong Kong, where China’s second SWF, SAFE IC, operates.

This morning, we had a fruitful meeting with the Chairperson of the International Financial Services Center Authority #IFSCA in India and his esteemed delegation. We were thrilled to share the journey of the Qatar Financial Markets Authority, tracing its evolution from the beginning to the present day. We highlighted how our capital markets have flourished under wise leadership and strategic financial initiatives, propelling our economy to new heights. As we bid farewell, we look forward to welcoming them back next year in Doha for the 50th annual meeting of the International Organization of Securities Commissions #IOSCO2025 #IOSCO #QatarFinancialMarketsAuthority #InternationalCollaboration #IOSCO

Exclusive CEO Insights from FII8 Saudi Arabia is emerging as a global economic powerhouse, leading transformative change with its ambitious vision and innovative strategies. In this video, Oasis CEO, Adam Ebrahim, shares exclusive insights into Saudi Arabia’s pivotal role in reshaping global business through its progressive sovereign wealth fund initiatives. By aligning with these forward-thinking policies, Oasis ensures its investment strategies remain agile, impactful, and responsive to the evolving global economic landscape—delivering sustainable value for our clients worldwide. Join the conversation. Connect with us to discuss how these strategies shape the future and what they mean for your portfolio. #OasisCrescentSA #FII2024 #GlobalLeadership #InnovativeInvesting #SaudiVision #EconomicGrowth #FutureFocused

#Investcorp Launches a USD 1 billion Platform, To Be Anchored by China Investment Corporation, to Invest in the #GCC and #China Investcorp, a leading global alternative investment firm, and China Investment Corporation (“CIC”), one of the world’s largest sovereign wealth funds, have today announced the launch of “Investcorp Golden Horizon” to invest in high-growth companies across Saudi Arabia, the rest of the countries of the Gulf Cooperation Council (the “GCC”) and China (the “Platform”). The Platform has a target size of USD 1 billion and will be anchored by reputable institutional and private investors from the GCC, as well as CIC. Target companies are expected to have high growth potential in attractive sectors, including consumer, healthcare, logistics and business services. The Investcorp Saudi Pre-IPO Growth Fund, which is part of the Platform, has already announced three investments in the GCC..... https://bit.ly/3Wea2RV Investcorp LetsTalkCity #Dubai #Business #Investment #UAE #GCC #MiddleEast

#SaudiArabia's Public Investment Fund (PIF) is often caricatured as Saudi's "everything, everywhere, all at once" sovereign wealth fund Current assets under management are cUS$900bn, ie 80% of GDP, 2x central bank FX reserves, US$48k per citizen High profile international investment but PIF is 30% Aramco, 50% other Saudi (eg "Giga" projects) In its 2023 annual report, PIF discloses an annualised total portfolio return of 8.7%, between the the October 2017 start of the "Vision [2030] Realization Program" and the end of 2023. For comparison, Norway's NBIM generated an annualised return of 6.1% from the start of 2018 to the end of 2023. This is a favourable comparison, given the mandate of PIF is national development (public goods and job creation), as opposed to narrowly-defined investor returns. Much more on PIF and #Vision2030 in my full report Tellimer, linked below in the comment. #emergingmarkets #mena

According to a recent report by Global SWF, Abu Dhabi has been named the world’s wealthiest city, managing an astounding $1.7 trillion in assets through its various sovereign wealth funds (SWFs) as of October 2024. This includes the Abu Dhabi Investment Authority (ADIA), Mubadala, ADQ, and other prominent entities. Following closely is Oslo, with its Government Pension Fund managing over $1.6 trillion. Major cities like Beijing, Singapore, Riyadh, and Hong Kong are also key players, collectively managing $12.5 trillion in global SWF assets. #AbuDhabi #SovereignWealthFunds #GlobalEconomy #Investment

Saudi companies, including those backed by the Public Investment Fund (PIF) and listed on the Saudi Exchange, may explore listings in Hong Kong, according to Carlson Tong of Hong Kong Exchanges and Clearing Limited (HKEX). He mentioned "It is a win-win situation for Saudi companies to list in Hong Kong as they can raise funds to diversify their economy, while also allowing Hong Kong and international investors access to the Gulf economy" at the 8th Future Investment Initiative (FII) summit in Riyadh. At the summit, two exchange traded funds worth a total of $1.8 billion were listed on Tadawul, enabling Middle Eastern investors to trade Hong Kong stocks for the first time. #FutureInvestmentInitiative #SaudiHongKongPartnership #FII2024 #PIF #Tadawul #SaudiVision2030 #GlobalEconomy #HongKongExchange #InternationalInvestments #MiddleEastEconomy #CapitalMarkets #GlobalFinance #GlobalBusiness