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Oman sovereign wealth fund’s assets reach $41.5bn in 2021

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Oman Investment Authority has achieved an annual average return of 10.3 percent

Oman Investment Authority’s (OIA) assets reached $41.5 billion as the wealth fund increased holdings in real estate, technology and logistics, Bloomberg reported, citing its 2021 annual review.

The sovereign wealth fund manages assets in 40 countries and has achieved an annual average return of 10.3 percent.

OIA invests in stocks, bonds, short-term assets, logistics, service sector, mining and industrial projects.

Most of the fund’s investments are within the country, accounting for 61.5 percent of its portfolio. North America accounted for 17 percent of its holdings, Western Europe 9.3 percent, and Asia Pacific 4.7 percent.

Earlier this year, Oman divided the OIA into two units overseeing local and foreign assets. The ‘generational portfolio’ consists of mostly foreign assets and will focus on “achieving the greatest returns for future generations” the annual review said.

In October, Ibrahim Al Eisri, director of private equity at OIA, said the wealth fund was looking at deals in the UK due to the drop in the value of the British currency.

Abu Dhabi wealth fund ADQ and OIA have pinpointed investments worth $8 billion in the sultanate, the report said.