Reported 12 months ago
Middle Eastern sovereign wealth funds, including those from Saudi Arabia, Abu Dhabi, and Qatar, have accounted for over half of the total value of deals made by state-backed investors worldwide in the first half of 2024, reaching $52 billion. This marks the highest proportion of investments by Mideast funds since 2009, showcasing their increasing dominance in global capital flows. While some Asian funds have reduced investments, Mideast funds have remained active, with Saudi Arabia's PIF standing out as the most active sovereign fund globally. The region's funds have been instrumental in various corporate buyouts and financing investment plans, attracting interest from global bankers and industry leaders.
Source: YAHOO