State General Reserve Fund
| جهاز الاستثمار العماني | |
| Agency overview | |
|---|---|
| Headquarters | Muscat  |
| Parent agency | Ministry of Finance |
| Website | http://www.oia.gov.om/ |
Oman Investment Authority is a sovereign wealth fund in Oman. 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 and is therefore signed up to the Santiago Principles on best practice in managing sovereign wealth funds.[1] 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. [2]
References[]
- ^ International Forum of Sovereign Wealth Funds. "IFSWF Our members". Archived from the original on 27 September 2016. Retrieved 24 September 2016.
- ^ "Royal Decree of Oman Investment Authority | SWFI". swfinstitute.org. Retrieved 2020-06-13.
- "SGRF investing in Bulgaria - a messy experience". Muscat Confidential. 11 March 2009. Retrieved 1 February 2011.
- "Oman, Libya Sign $500 Million JV Deal". Khaleej Times. 14 December 2008. Retrieved 29 November 2009.
- "VTB Capital signs Memorandum of Understanding (MOU) with State General Reserve Fund of the Sultanate of Oman". Zawya. 30 September 2009. Retrieved 29 November 2009.
External links[]
Categories:
- Government of Oman
- Sovereign wealth funds
- Financial services companies established in 1980
- Government agencies of Oman