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Abu Dhabi, Saudi sovereign wealth funds among world's largest

Abu Dhabi, Saudi sovereign wealth funds among world's largest
ADIA ranking was followed by Kuwait's KIA on the SWFI global list

UAE - Mubasher: Abu Dhabi Investment Authority (ADIA) came in third place among the world's largest sovereign wealth funds with total assets of $579.6 billion, according to a report by the Sovereign Wealth Fund Institute (SWFI).

ADIA's rankings by SWFI was followed by the Kuwait Investment Authority (KIA), retaining assets of $533.7 billion.

Saudi Arabia's Public Investment Fund (PIF) was ranked ninth globally with assets of around $360 billion.

Meanwhile, Norway's Government Pension Fund Global topped the SWFI's 93 largest sovereign wealth funds list with $1.187 trillion worth of assets.

t is noteworthy to mention that four Gulf countries, namely Saudi Arabia, Kuwait, Qatar, and the UAE, were included in the world's ten largest sovereign funds.