Home Industry Economy Oman shifts wealth funds into new entity with $17bn assets All government companies, except Petroleum Development Oman and the nation’s international investments, will fall under the new entity by Bloomberg June 7, 2020 Oman will combine its two wealth funds into one entity, which will hold assets valued at about $17bn. The Oman Investment Authority will manage all assets and liabilities of the State General Reserve Fund and the Oman Investment Fund, according to a royal decree. All government companies, except Petroleum Development Oman and the nation’s international investments, will fall under the new entity. The State General Reserve Fund’s assets are valued at $14bn and Oman Investment Fund’s at $3.4bn, according to the Sovereign Wealth Fund Institute. The Oman Investment Authority will be one of the smallest managers of state capital in the Middle East and is dwarfed by Saudi Arabia’s Public Investment Fund, which aims to be the world’s biggest with $2 trillion in assets. The Abu Dhabi Investment Authority, Qatar Investment Authority and Kuwait Investment Authority are well-entrenched with billions of assets under management. Tags Oman Oman Investment Authority Oman Investment Fund Petroleum Development Oman State General Reserve Fund 0 Comments You might also like Oman’s OQ to raise $490m from IPO of methanol, ammonia unit Oman’s OQ Exploration and Production raises $2bn in IPO UAE-Oman Hafeet Rail secures $1.5bn financing facility Oman lifted from junk status by S&P amid reforms