Oman Investment Authority is a

sovereign wealth fund A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as ...

Oman Oman ( ; ar, عُمَان ' ), officially the Sultanate of Oman ( ar, سلْطنةُ عُمان ), is an Arabian country located in southwestern Asia. It is situated on the southeastern coast of the Arabian Peninsula, and spans the mouth of ...

. It is one of few entities where the Sultanate of Oman channels its excess oil revenues. It was founded in 2020 by a royal decree and is a member of the

International Forum of Sovereign Wealth Funds The International Forum of Sovereign Wealth Funds (IFSWF) is a nonprofit international group of sovereign wealth funds managers which was established in 2009. It is based in London, England. History In 2009, a group of 23 leading state-owned i ...

and is therefore signed up to the

Santiago Principles The Santiago Principles or formally the Sovereign Wealth Funds: Generally Accepted Principles and Practices (GAPP) are designed as a common global set of 24 voluntary guidelines that assign best practices for the operations of Sovereign Wealth Fu ...

on best practice in managing sovereign wealth funds. Its objectives are purely financial. That means it does not invest in companies with the view of otherwise benefiting the local economy, nor other goals. By royal decree, in June 2020, Oman Investment Fund, Oman SGRF, and other entities, were blended to form the new Oman Investment Authority.

References

* * *

External links

*
Oman SGRF SWFI Profile
{{authority control Government of Oman Sovereign wealth funds Financial services companies established in 1980 Government agencies of Oman