Muscat, Abdul Salam bin Mohammed al Morshedi,
CEO of the State General Reserve Fund (SGRF), said that SGRF has
achieved the highest returns since its establishment 38 years ago. He
said that the recent withdrawals due to the low oil prices did not affect
its investment commitments and none of its assets is sold to support
He added that SGRF has maintained its annual rate of return at
7%, an increase of nearly 200% or more of its size since its inception.
He pointed out that SGRF operates with a very high transparency and
is subject to internal and external audits from independent parties.
In an interview with Oman daily newspaper, he explained that the
annual investment volume of SGRF is between USD 1 billion and USD
1.5 billion. It also invests in more than 70 countries in different
geographic regions according to the fundamentals and strategies,
including the study of global phenomena in the next ten years, which
determine the major economic directions.
He said that SGRF ‘s direct investments are diversified into five
targeted economic sectors, namely the real estate, mining, healthcare,
logistics, ports, food industries and various investments including
energy, electricity and education.
He added that sovereign wealth funds aim to achieve steady returns
and maximize their assets by investing in assets and tools.
He said that SGRF has two main objectives: balancing the state
budget and saving for the future generations, adding On this basis,
the fund’s assets are distributed in a balanced manner to achieve both
Source: Oman News Agency