RIYADH: Sovereign wealth funds across the Gulf Cooperation Council signed off $55 billion across 126 transactions in the first nine months of 2024, accounting for 40 percent of global deals, a new report showed.
US-based organization Global SWF, which monitors the activities of these bodies, identified the region’s “Oil Five”— Abu Dhabi’s ADIA, ADQ, and Mubadala, along with Saudi Arabia’s Public Investment Fund and Qatar’s Qatar Investment Authority — as leading this robust investment wave.