Saturday 3 December 2016
 
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sovereign fund

Aramco appoints chief of sovereign fund to board

State oil giant Saudi Aramco has appointed to its board Yasir al-Rumayyan, managing director of its top sovereign wealth fund, in a sign that the two institutions plan to cooperate closely to restructure the economy in an era of low oil prices.

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Saudi Arabia plans $1.1bn fund for SME sector

Saudi Arabia will establish a $1.1 billion fund to develop its venture capital industry and support the creation of small and medium-sized companies, the cabinet said on Monday, as the kingdom tries to strengthen its economy in an era of cheap o

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Saudi Arabia plans $1.1bn fund for SME sector

Saudi Arabia will establish a $1.1 billion fund to develop its venture capital industry and support the creation of small and medium-sized companies, the cabinet said on Monday, as the kingdom tries to strengthen its economy in an era of cheap o

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Row over Libya's $67bn fund reaches UK court

A long-running dispute over the leadership of Libya's $67 billion sovereign wealth fund reaches London's High Court on Monday, potentially paving the way for litigation against two global investment banks to move forward.

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Qatar sovereign fund ‘to restructure’

Qatar Investment Authority, one of the world's most aggressive sovereign wealth funds, will set asset allocation targets for the first time and restructure internal decision-makingin response to a drop in oil prices, sources said.

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Adia ‘manages more of its billions in-house’

Abu Dhabi Investment Authority (Adia), one of the world's biggest sovereign wealth funds, managed more of its money in-house last year as it strengthened its capabilities and added staff in some areas, Adia said on Tuesday. Th

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Debate in Shura over Saudi sovereign fund

A proposal to set up a Saudi Arabian sovereign wealth fund attracted debate at a meeting of the kingdom's influential Shura council advisory body but failed to yield a result, state media reported. A report by the council'

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Bahrain's Mumtalakat plans no bonds this year

Bahraini sovereign fund Mumtalakat has no current plans to tap the debt capital markets in 2014 and will pay off a small loan facility due later in the year, its chief executive said on Tuesday. One of the smaller sovereign wealth

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Mumtalakat net loss narrows in 2012

Bahrain sovereign fund Mumtalakat said on Wednesday its net loss for 2012 narrowed by 32.9 percent as improved performance by its financial services and telecommunications portfolio partly offset lower revenue from its aluminium unit.

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Mumtalakat names Kooheji as new CEO

Bahrain's $9 billion sovereign wealth fund Mumtalakat appointed Mahmood Hashem Al-Kooheji as its new chief executive on Wednesday. He replaces Talal Al Zain who resigned last month to set up his own investment firm. Kooheji, who wa

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