SAMA Foreign Holdings (Saudi Arabia)
Definition of 'SAMA Foreign Holdings (Saudi Arabia)'A Saudi Arabian sovereign wealth fund. The fund is controlled by the Saudi Arabian Monetary Authority, a part of the central bank. According to the Sovereign Wealth Fund Institute, SAMA Foreign Holdings is the third largest sovereign wealth fund in the world, with an estimated $432 billion in assets under management as of 2009. |
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Investopedia explains 'SAMA Foreign Holdings (Saudi Arabia)'The majority of the wealth held in the SAMA Foreign Holdings fund is derived from the oil wealth of Saudi Arabia, but the fund also manages certain Saudi public pensions. It is estimated to be the second largest of the three major Gulf country funds, the other two being the ADIA (Abu Dhabi, UAE) and the KIA (Kuwait). The fund is highly secretive regarding its holdings and investment strategies. |
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