Norway's USD 1.3trn fund dumped Saudi shares, added Qatar

Norway’s sovereign wealth fund slashed its exposure to Saudi Arabian stocks last year while boosting its portfolio in neighboring Qatar by almost seven times.

Doha in Qatar | Photo: Miriam Dalsgaard

Total holdings of shares in Riyadh fell to about USD 194m as of the end of December from USD 420m the year before, according to data from Norges Bank Investment Management, which manages the fund.

In Doha, exposure surged to USD 582m from USD 80m. Qatar is now its second-biggest holding in the Gulf after the United Arab Emirates.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Further reading

Related articles

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch