Sovereign Funds

Sovereign wealth funds, assets and holdings.

Assets under management, as reported by the fund

Public Investment Fund
Saudi Arabia
over $900 bn
Public Investment Fund·end-2025 (as printed in USD)·source dated 17 Aug 2026·updated 25 Oct 2026
Mubadala Investment Company
United Arab Emirates
$385 bn
Mubadala Investment Company·end-2025·source dated 9 Apr 2026·updated 5 Oct 2026

Balance-sheet totals, which can include subsidiaries. Not comparable with assets under management.

Investment Corporation of Dubai
United Arab Emirates
AED 1,680.21 bn
≈ $457.5 bn at the peg
Investment Corporation of Dubai — Annual Report 2025 (financial highlights)·end-2025·source dated 14 May 2026·updated 4 Oct 2026
A consolidated, banking-led balance sheet: it includes Emirates NBD.
ADQ
United Arab Emirates
$251 bn
Total assets as reported by Semafor (Apr 2025) from an ADQ spokesperson; a secondary press source, not ADQ's own report; not assets under management.
Semafor· Tier 2 · reputable press·as of Apr 2025·source dated 18 Apr 2025·updated 4 Nov 2026
Under L'IMAD since January 2026: L'IMAD's estimate includes ADQ. Do not add the two.
Oman Investment Authority
Oman
OMR ~23 bn
≈ $59.8 bn at the peg
Ministry of Foreign Affairs — Oman·end-2025·source dated 19 May 2026·updated 4 Oct 2026
Mumtalakat
Bahrain
BHD 6.76 bn
≈ $18 bn at the peg
Mumtalakat — reviewed interim condensed consolidated financial statements, H1 2025·end-Jun 2025 (reviewed, unaudited)·source dated 24 Sep 2025·updated 4 Oct 2026
Future Generations Reserve Fund
Bahrain
$1.11 bn
Ministry of Finance and National Economy (Bahrain) — Future Generations Reserve, audited financial statements for the year ended 31 December 2025·end-2025·source dated 21 May 2026·updated 24 Oct 2026

Third-party figures, labelled as estimates. Not ranked against reported figures.

Abu Dhabi Investment Authority
United Arab Emirates
$1,128 bn
Global SWF· Tier 3·estimate·read on 22 Sep 2026
Kuwait Investment Authority
Kuwait
$1,002 bn
Global SWF· Tier 3·estimate·read on 22 Sep 2026
Qatar Investment Authority
Qatar
$580 bn
Measure as printed: “assets”
Semafor· Tier 2 · reputable press·estimate·published 21 Sep 2026
L'IMAD Holding Company
United Arab Emirates
$300 bn
Measure as printed: “wealth fund”
Bloomberg· Tier 2 · reputable press·estimate·published 29 Sep 2026
Includes ADQ, under L'IMAD since January 2026. Do not add ADQ's figure to this one.

Lenders and aid agencies. They are not sovereign wealth funds.