Saudi Arabia: The mideast power brokers who control $2.7 trillion in assets

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The Center East is residence to a few of the world’s largest sovereign wealth funds. Overseeing near $3 trillion of belongings, these investing giants have change into key gamers in international dealmaking.
Flush with money from final 12 months’s commodity increase, entities from Abu Dhabi Funding Authority to Saudi Arabia’s Public Funding Fund have splashed out billions of {dollars} on every part from know-how and finance to sport, in nations spanning Australia to Canada.
That’s attracted prime names in international finance, from Ray Dalio to Rajeev Misra, who’re working carefully with the influential heads of those funds.

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Sheikh Tahnoon bin Zayed Al Nahyan
The Abu Dhabi royal, born within the late Sixties, helms a $1.5 trillion empire encompassing two wealth funds, the area’s most vital personal funding agency, the nation’s largest lender and its largest listed company. He’s additionally certainly one of two deputy rulers in Abu Dhabi, the United Arab Emirates’ nationwide safety advisor and brother to its president, giving him extra clout than most others within the area.
Abu Dhabi Funding Authority, helmed by Sheikh Tahnoon since March, has been the second-biggest spender among the many foremost Center East wealth funds because the begin of 2022, in response to knowledge from International SWF. As chairman of ADQ, Sheikh Tahnoon additionally oversees a fund that’s snapped up belongings value billions in Egypt and pledged investments to assist shore up Turkey’s economic system. It’s additionally been on the forefront of offers orchestrated with an eye fixed on meals safety, together with an settlement to purchase a stake in Louis Dreyfus Co.
Sheikh Mansour bin Zayed Al Nahyan
A brother to Sheikh Tahnoon and UAE President Mohammed bin Zayed, Sheikh Mansour is maybe finest recognized globally because the proprietor of Manchester Metropolis Soccer Membership. He’s one of many emirate’s most influential businessmen.
The royal, additionally UAE vp and deputy prime minister, was named chairman of the $276 billion Mubadala Funding Co. in March. Khaldoon Al Mubarak, a outstanding Emirati government, has been CEO of the fund for near twenty years. The duo oversee an array of investments together with in Abu Dhabi’s largest lender, First Abu Dhabi Financial institution PJSC. Different holdings embrace Carlyle Group Inc. and GlobalFoundries Inc., which is America’s largest provider of made-to-order semiconductors.
The fund can also be backing Misra’s new $6.8 billion entity, and took opportunistic punts on know-how corporations amid final 12 months’s rout in valuations. From investments in well being care to finance, Mubadala has been on the forefront of makes an attempt to diversify Abu Dhabi away from oil.
Sheikh Mansour, who’s in his fifties, can also be chairman of the $90 billion Emirates Funding Authority. The EIA owns 60% of the $60 billion Emirates Telecom — Vodafone Group Plc’s largest shareholder — which is pushing forward with an bold international enlargement technique.

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Yasir Al Rumayyan
Governor of Saudi Arabia’s highly effective Public Funding Fund, Yasir Al Rumayyan is without doubt one of the foremost folks charged with delivering on Crown Prince Mohammed bin Salman’s Imaginative and prescient 2030 technique geared toward overhauling the dominion’s economic system.
From the $500 billion futuristic metropolis of Neom and offers upending the economics of worldwide sport, to investments in mining, gaming and know-how, the fund is main the best way on Saudi Arabia’s diversification efforts. Boosted by final 12 months’s oil-price rally, the $760 billion PIF has outspent each regional wealth fund because the begin of 2022.
The crown prince is chairman of the PIF and has helped formed its technique, together with a transfer into sectors like gaming. In the meantime, Al Rumayyan, who’s in his fifties and a eager golfer himself, was instrumental in orchestrating this 12 months’s shock PGA-LIV merger.
The fund owns a stake in state oil big Aramco, of which Al Rumayyan is chairman. Outdoors Riyadh, the PIF is a significant backer of Lucid Group Inc. and has holdings in Digital Arts Inc. and Nintendo Co. Ltd.
Mansoor Al Mahmoud
As CEO of the $450 billion Qatar Funding Authority, Mansoor Ebrahim Al Mahmoud oversees one of many largest sovereign buyers in Europe. The QIA has stakes in corporations starting from commodities miner Glencore Plc to grocery store chain J Sainsbury Plc and automaker Volkswagen AG — the place Al Mahmoud, who was born within the Nineteen Seventies, is a board member.
Qatar’s coffers have been bolstered by hovering costs for LNG, of which Doha is without doubt one of the largest exporters. Al Mahmoud, appointed CEO in 2018, earlier this 12 months indicated the fund would ramp up spending in Asia and the US, the place it plans to take a position throughout local weather change, infrastructure and digitization.
The fund can also be eyeing a extra outstanding place within the financial progress story of Qatar itself, now that years of heavy spending on internet hosting the soccer World Cup are over.
Sheikh Bandar bin Mohammed bin Saud Al-Thani, who’s additionally governor of Qatar’s Central Financial institution was named the QIA’s chairman this 12 months. That transfer is unlikely to end in tweaks to the fund’s technique or its funding urge for food.

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