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.

BREAKING DOWN '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.

RELATED TERMS
  1. Abu Dhabi Investment Authority ...

    A government-owned investment organization that manages the sovereign ...
  2. Kuwait Investment Authority

    The Kuwait Investment Authority (KIA) is a government-owned corporation ...
  3. Revenue Regulation Fund

    The Revenue Regulation Fund is a sovereign wealth fund for the ...
  4. SAR (Saudi Riyal)

    The currency abbreviation the Saudi riyal (SAR), the currency ...
  5. Strategic Investment Fund

    The Strategic Investment Fund is a government-owned sovereign ...
  6. Australian Future Fund

    A sovereign wealth fund established by the government of Australia. ...
Related Articles
  1. Markets

    Will Sovereign Wealth Funds Roil Equities Markets?

    An increase in redemptions by oil economies will have an adverse effect on global equities and exacerbate an already fragile global economy.
  2. Markets

    Can Saudi Arabia End its Oil Dependence?

    Will Saudi Arabia stay the course of diversifying its economy even if oil prices recover?
  3. Markets

    Why Saudi Arabia Just Issued $10 Billion in Bonds

    Saudi Arabia has issued a $10 billion bond to global banks. The decision is part of a broader effort by the nation to liberalize its economy.
  4. Markets

    Could Saudi Arabia Really Go Bankrupt?

    The IMF warned that Saudi Arabia may run out of the financial assets needed to support spending within five years. Is Saudi Arabia's government doing enough?
  5. Markets

    How Long Can Saudi Credit Survive $30 Oil?

    Credit rating agency Standard & Poor's has cut the sovereign credit rating of Saudi Arabia by two notches, from A+ to A-, as persistent low oil prices have caused the crude exporter's economic ...
  6. Investing

    Is Saudi Arabia Giving Up on Oil?

    Saying goodbye to the habit of selling resource wealth is more like giving up crack than coffee.
  7. Markets

    Saudis Impose Capital Controls as Oil Slides

    Saudi Arabia is feeling the pain of persistent low oil prices, and they may have themselves to blame.
  8. Investing

    Saudis Threaten to Divest from US Economy: So What?

    The potential impact of Saudi Arabia taking its ball and going home will be blunted largely by the timing of it.
  9. Markets

    A Saudi Aramco IPO? Why You Should Steer Clear

    If Saudi Aramco goes public, it will take the investment world by storm and investor interest will pique. Should you follow the herd or steer clear?
  10. Markets

    Saudi Aramco IPO: Oil Firm May List 5% Within Year

    Look for the Saudi Aramco IPO within the next year, quite possibly on a stock exchange in New York.
RELATED FAQS
  1. What country is the world's largest oil producer?

    Learn which countries are considered to be the largest oil producers in the world, whether natural gas and biofuel are taken ... Read Answer >>
  2. Is there a different type of fund, like a hedge fund, with less capital?

    Is there a type of fund, very much like a hedge fund, that doesn't require a high net worth to join? It's for a company ... Read Answer >>
  3. Where does a hedge fund get its money?

    Learn how a hedge fund is structured and how the managing partner of the fund goes about the process of finding and soliciting ... Read Answer >>
  4. What is private wealth management?

    Understand what private wealth management is from the perspective of both the private client as well as the private wealth ... Read Answer >>
  5. How do I calculate the loan-to-value ratio using Excel?

    Learn what a mutual fund and a money market fund are, and understand the differences between each and how they serve various ... Read Answer >>
  6. Where do most fund managers get their market information?

    Many fund managers, whether they manage a mutual fund, trust fund, pension or hedge fund, have access to resources that the ... Read Answer >>
Hot Definitions
  1. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  2. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  3. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
  4. Underweight

    1. A situation where a portfolio does not hold a sufficient amount of a particular security when compared to the security's ...
  5. Russell 3000 Index

    A market capitalization weighted equity index maintained by the Russell Investment Group that seeks to be a benchmark of ...
  6. Enterprise Value (EV)

    A measure of a company's value, often used as an alternative to straightforward market capitalization. Enterprise value is ...
Trading Center