Banking & Finance Oman sovereign wealth fund’s assets reach $41.5bn in 2021 By Pramod Kumar November 15, 2022, 5:11 AM Creative Commons Oman Investment Authority has achieved an annual average return of 10.3 percent Oman Investment Authority’s (OIA) assets reached $41.5 billion as the wealth fund increased holdings in real estate, technology and logistics, Bloomberg reported, citing its 2021 annual review. The sovereign wealth fund manages assets in 40 countries and has achieved an annual average return of 10.3 percent. OIA invests in stocks, bonds, short-term assets, logistics, service sector, mining and industrial projects. Most of the fund’s investments are within the country, accounting for 61.5 percent of its portfolio. North America accounted for 17 percent of its holdings, Western Europe 9.3 percent, and Asia Pacific 4.7 percent. Earlier this year, Oman divided the OIA into two units overseeing local and foreign assets. The ‘generational portfolio’ consists of mostly foreign assets and will focus on “achieving the greatest returns for future generations” the annual review said. In October, Ibrahim Al Eisri, director of private equity at OIA, said the wealth fund was looking at deals in the UK due to the drop in the value of the British currency. Abu Dhabi wealth fund ADQ and OIA have pinpointed investments worth $8 billion in the sultanate, the report said. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
