State General Reserve Fund

AAA

DEFINITION of 'State General Reserve Fund'

A sovereign wealth fund established in 1980 by the Sultanate of Oman, an Arab nation whose principal export is oil. It was created to manage the investments of Oman's reserves, with the objective of ensuring the country's economic stability and sustainable development. The Fund is administered by Oman's Ministry of Finance.

INVESTOPEDIA EXPLAINS 'State General Reserve Fund'

Oman's Ministry of National Economy considers the establishment of the State General Reserve Fund as the most prominent achievement of the nation's first five-year development plan, which covered the period from 1976 to 1980 and coincided with a boom in oil prices. The fund's assets are estimated at more than $8 billion. In January 2009, the fund acquired a 30% stake in Corpbank, Bulgaria's tenth-largest bank in terms of assets, for an undisclosed amount.

RELATED TERMS
  1. OMR (Oman Rial)

    The currency abbreviation or currency symbol for the Oman rial ...
  2. Oil Reserves

    An estimate of the amount of crude oil located in a particular ...
  3. Petrodollars

    The money earned from the sale of oil. The term "petrodollars" ...
  4. Sovereign Wealth Fund - SWF

    Pools of money derived from a country's reserves, which are set ...
  5. Sharia

    Islamic religious law that governs not only religious rituals, ...
  6. Compound Annual Growth Rate - CAGR

    The year-over-year growth rate of an investment over a specified ...
Related Articles
  1. Sovereign Wealth Funds - Friend Or Foe?
    Investing Basics

    Sovereign Wealth Funds - Friend Or Foe?

  2. An Introduction To Sovereign Wealth ...
    Mutual Funds & ETFs

    An Introduction To Sovereign Wealth ...

  3. How do central banks acquire currency ...
    Forex

    How do central banks acquire currency ...

  4. Iraqi Dinar: Can Comparables Guide Investment?
    Fundamental Analysis

    Iraqi Dinar: Can Comparables Guide Investment?

comments powered by Disqus
Hot Definitions
  1. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  2. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  3. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  4. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  5. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
  6. Earnings Before Interest After Taxes - EBIAT

    A financial measure that is an indicator of a company's operating performance. EBIAT, which is equivalent to after-tax EBIT ...
Trading Center