Government backed investment vehicles managing
assets worth about $4 Trillion, growing fast thanks
to high oil prices and surging Asian exports -
however turning more cautious due to massive
paper losses from investments in Western
financial giants as global financial crisis and
economic recession deepened - Asian/China's SWF
are diversifying into foreign assets mostly buying
energy (oil/coal/gas), metals and agricultural
commodities - rich SWF in mainly oil-generated
wealth are tapping increasingly the private market
for more capital - the World Bank is receiving help
from SWF investing $600 Million in an equity fund
for less developed countries -
deals and related investors - name/country/size:1. Alaska Permanent Fund Corporation - USA - $38 Billion.
1a) Alabama Trust Fund - USA - $3,1 Billion.
1b)New Mexico State Investment Office Trust - USA -
$11,7 Billion. 2. Government Pension Fund Global (Statens pensjonsfond-utland) - Norway - market value about €400 Billion, used only for international deals,
invested in 42 markets and in 31 currencies, owns 1% of the world's listed companies, will initiate to invest into real estate, purchasing for €513,8 Million a 25% stake in a building complex in London's famous shopping mile Regent Street. 3. Australian Future Fund Board of Guardians - Australia -
$61 Billion.4. Alberta Heritage Fund - Canada - $17 Billion.5. Brunei Investment Agency - Brunei - $30 Billion -
Owns Dorchester Collection: Portfolio of luxury hotels -
The Dorchester/London, The Beverly Hills Hotel/
Los Angeles, Le Meurice and Hotel Plaza Athenee/Paris,
Hotel Principe di Savoia/Milan.6. Khazanah Nasional Berhad - Malaysia - $26 Billion -
34 deals valued at some $6 Billion.
6a)Terengganu Investment Authority - Malaysia - $2,8 Billion.7. Taiwan National Stabilization Fund - Taiwan - $15 Billion.8. Korean Investment Corporation/KIC - South Korea -
$30 Billion - injected about $6 Billion into Merrill Lynch with
the Kuwait Investment Authority/KIA, the Japanese Mizuho
Financial Group, in addition to Temasek's $4,4 Billion
(total provided to Merrill Lynch about $10,4 Billion), investing
with other Asian SWF $900 Million in Chesapeake Energy Corp.
the third largest natural-gas producer in the U.S., buying the
company's 5,75% convertible preferred stock9. Temasek Holdings - state run Singaporean Investment
Fund - $159 Billion - a global player - invested into Barclays
PLC $2 Billion/2,1% increased to up to 2,9%, but sold its
entire shareholding facing losses, also invested into Standard
Chartered $4 Billion/13% in addition to $1,4 Billion/3,74%,
Merrill Lynch $4,4 Billion, with an 8,85% stake as of June 30
its largest shareholder, receiving a compensation of $2,5 Billion
for paper loss on its original investment, using this money as
part of a new $3,4 Billion investment, raising Merrill Lynch a
total of $8,5 Billion in new capital, due to merger Merrill Lynch
with BofA, Temasek got shares of US bank obtaining a 3,8%
stake, but sold all of this unprofitable investment in the first quarter
of 2009; diversifying within a new investment strategy Temasek
will commit more capital to its SeaTown Holdings started in 2009
to arrange deals with institutional co-investors, setting up in 2009
also SingBridge International to invest in and develop towns in
Asia, while its Fullerton Fund Management continues to invest in
hedge funds, equities and bonds, joining KIC and Chinese SWF
to invest $900 Million in Chesapeake Energy Corp., U.S., having
bought already $500 Million in convertible preferred shares of
Chesapeake Energy Corp. earlier. Temasek seeks to raise $3,6 Billion selling stakes in Bank of China and China Construction Bank.
9a)Government of Singapore Investment Corporation/GIC -
Singapore - $330 Billion - teamed up with Saudi Arabian
Monetary Agency/SAMA to inject $11,5 Billion into UBS,
with GIC putting up around $9,6 Billion of the total and
increasing its stake in UBS to 7,9% from originally 1,1%. When
Citigroup looked for a second round of capital injection,
GIC poured in about $6,9 Billion obtaining a 3,7% stake, also
injected $5 Billion into Merrill Lynch, involved in other 39
deals valued at about $33,6 Billion - GIC considers large
investments into UBS and Citigroup as long-term investments
with good returns when markets stabilize, however warns that
we could be facing a recession which is longer, deeper and
wider than any recession before in the last 30 years! GIC is
joining KIA and CIC investing $2,8 Billion in BlackRock to
finance part of its transaction to purchase Barclays Global
Investors/BGI and sold half of its 9% stake in Citigroup
realizing a profit of $1,6 Billion; GIC, ADIC/Abu Dhabi andCIC/China are leading a consortium of banks to inject $1,8Billion into BTG Pactual, Brazil, the biggest ever commitment of SWF in Brazil. To raise capital TPG, which manages about $50 Billion in assets, sold a minority stake to GIC and KIA. 10.CITIC CAPITAL - China - $135 Billion - China's
Government controlled CITIC and US Investment Bank
Bear Stearns agreed to invest in each other $1 Billion
(6% stake of Bear Stearns), however distancing itself
from this swap, as Bear Stearns, the 5th largest US
Investment Bank, troubled with extensive holdings of
mortgage-backed securities, has been bought by JP
Morgan Chase in a stock swap transaction worth $236
Million, value raised by JPMorgan Chase to $1,2 Billion
to calm Bear Stearns shareholders opposing the deal.
10a)China Development Bank/CDB - China - $315 Billion -
bought 3,1% in Barclays Bank for $3,36 Billion.
10b)China Investment Corporation/CIC - China - new
$300 Billion investment arm of the People's Bank of
China (Central Bank) - to invest 1/3 into the Central
Huijin Investment Company with shares in state-owned
banks, 1/3 to recapitalise the Agricultural Bank of China
and the China Development Bank and 1/3 for overseas
investments - injected $3 Billion for a 9,9% stake into the
private US equity giant Blackstone Group through its subsi-
diary Beijing Wonderful Investment Ltd and will increase
its stake to 12,5% buying shares in the open market, invested
about $500 Million into a Blackstone hedge fund unit, part-
nering Blackstone Group with Shanghai Pudong New Area, a
Government agency, to set up a local currency private equity
fund valued up to yuan 5 Billion/$732 Million, pushing China
to develop a domestic private equity industry, CIC took a
9,9% stake in Morgan Stanley investing $5 Billion, also in-
vested about $4 Billion into the new US private equity JC
Flowers Fund, $200 Million in VISA's IPO and made a
substantial investment in private equity firm Apax Partners,
taking as well a stake in Songbird Estates, owner of Canary
Wharf - however suffered heavy losses on its investments in the
US financial sector due to credit crisis - CIC's not confirmed
subsidiary Stable Investment Corp. could have up to $5,4 Billion
frozen as biggest investor of the failed money market fund Reserve
Primary Fund, actually liquidating its assets - also owns the
Fullbloom Investment Corporation and considering the fast
growing reserves of China, CIC might be the SWF leader
within the next years with a $1 Trillion or more size - CIC is
joining KIA and GIC investing $2,8 Billion in BlackRock to
finance part of its transaction to buy Barclays Global In-
vestors/BGI and acquired Goodman Group the Australian
property group; CIC invested already $55 Billion abroad out
of a total amount available of $110 Billion revealing it will buy
in the future preferably commodities and real estate, particularly
active to invest in foreign assets, like energy (oil, coal, gas),
metals and agricultural commodities; CIC, ADIC/Abu Dhabi and GIC/Singapore are leading a consortium of banks to inject $1,8 Billion into BTG Pactual, Brazil, the biggest ever commitment of SWF in Brazil, CIC will receive another $50 Billion to invest in Europe and the U.S., and may become one of the largest minority stake holders of Daimler, along with Aabar/Abu Dhabi and KIA/Kuwait.
10c)Central Huijin Investment Company, a domestic arm and wholly
owned subsidiary of China Investment Company/CIC -
has controlling interests in Bank of China, Industrial and
Commercial Bank of China and the China Construction Bank, helping to stabilize China's largest banks is purchasing shares in Agricultural Bank of China, Bank of China, China Construction Bank and Industrial and Commercial Bank of China.
10d)Bank of China - Temasek Holdings of Singapore holds
about 4%, selling UBS its 1,6% stake and RBS its 4,3% stake.
10e)Industrial and Commercial Bank of China/ICBC, the
world's largest bank -in lending and deposits- Goldman Sachs,
American Express and Allianz signed a strategic investment
and partnership agreement with ICBC, Goldman Sachs has
a stake of 4,93% and plans to sell part of it, Allianz sold
$3,22 Billion and American Express $638 Million in shares,
leaving Allianz with a stake of 1% and American Express with
0,2%; KIA of Kuwait signed up also as strategic investor;
foreign investors in Chinese banks will soon be forced to a
lock-up period of at least 5, instead of the current 3 years,
remaining the 20% limit for a stake of a single foreign investor
and a combined restriction of 25% for all foreign investors in
any Chinese bank. ICBC announced it was opening branchesin Canada after it bought a 70% stake in the Canadian subsidiary of The Bank of East Asia in Hong Kong, acquiringalso the Prime Dealer Services unit, a U.S. brokerage firm,of Fortis Securities from BNP Paribas. ICBC intends to buy a majority stake in the The Bank of East Asia's U.S. unit, making it the first Chinese lender to purchase into a U.S. retailbank. ICBC plans to buy also an 80% stake in the Argentine division of South Africa's Standard Bank Group paying $600 Million, holding the Chinese Bank already 20% of South Africa's biggest bank by assets.
10f)China Construction Bank - the world's second largest
lender - Bank of America is a strategic partner and was
planning to increase its stake from 10,75% to 19,1% and finally
to 37% to be converted into a credit card joint venture,
however BofA had to reduce its CCB stake again out of liquidity
reasons to 16,6%, than to 11% and further to 1%, increasing Temasek its holding of already 5,65%.10g)Bank of Communications - China's seventh largest
company and its fifth largest lender - HSBC holds a stake
of 19,9% eventually to be increased up to 40% if Chinese
Government gives permission.
10h)China's State Administration of Foreign Exchange/
SAFE, which operates under the People's Bank of China
(Central Bank) - $347 Billion - bought a stake of 1,6% at
about $2,8 Billion in France's Oil Group TOTAL and a just
under 1% stake in BP at about $1,97 Billion - SAFE's subsidary,
SAFE Investment Company, based in Hong Kong, has signifi-
cant investments in the UK equity market and bought
smaller stakes of three of Australia's largest banks - may be
taking stakes on behalf of CIC or in preparation for an eventual merger with CIC. 10i)Africa Development Fund - China - $5 Billion - estab- lished by the China Development Bank as investment vehicle in Africa. 10j)National Social Security Fund/NSSF - China - $114 Billion - administered by the National Council for Social Security Fund/ SSF, holds an unspecified stake in China Development Bank and plans to expand investments to the U.S. and Europe. 10k)Hong Kong Monetary Authority/HKMA - Central Bank of Hong Kong - Investment portfolio under the 'Exchange Fund Ordinance' about $193,4 Billion. 10l)Agricultural Bank of China went public selling in Hong Kong and Shanghai $19,2 Billion of stock, amount which grew to a record $22,1 Billion, the largest I.P.O. in history, underscoring investors' faith in China, taking Standard Chartered a small stake, however falling share price advantage with 0,8% short of the 5% target; KIA increased its stake from $800 Million to $1,9 Billion and QIA from $2,8 Billion to $6 Billion; China Construction Bank, Industrial and Commercial Bank of China and Bank of China have already gone public 10m)Encouraged by China's Government wanting to strengthen the nations capital markets Blackstone Group and TPG, one of the world's biggest private equity firms, signed joint ventures with the Shanghai Municipal Government to create huge renmimbi denominated funds as Carlyle Group agreed on deals with the Beijing municipal government and the Fosun Group in Shanghai to set up local currency funds. 11.Future Generations Fund - Russia - $30 Billion. 11a)Stabilization Fund of The Russian Federation - Russia - split up into two separate entities: I. Reserve Fund - $137,1 Billion, II. National Welfare Fund/NWF - 83,6 Billion. 11b) GAZPROM - Russia - the world's largest gas producer, an energetic giant worth some $280 Billion, looking for investments in Europe and Africa/Algeria- Libya-Nigeria. Libya swaps debt $4,5 Billion with Russia for major contracts for Russian firms/GAZPROM agreed to set up a joint venture with the National Oil Corporation of Libya to explore, produce, transport and sell oil and gas, eventually working together with Italy's ENI, already the leading foreign oil and gas operator in Libya - GAZPROM holds also talks with Nigeria to pipe Nigerian gas to Europe across the Sahara.12.National Fund of the Republic of Kazakhstan - Samruk-Kazyma - Kazakhstan - $70 Billion.13.Fondo de Regulation des Recettes - Algeria - $47 Billion.14.Oil Reserve Fund - Libya/Libyan Investment Authority/LIA - $65 Billion - bought prestigious commercial properties in London spending more than $275 Million and holds jointly with the Libyan Central Bank a stake of 7,5% in UniCredit/Italy.15.Oil Stabilization Fund/OSF - Iran - $13 Billion.16.Investment Fund for Macroeconomic Stabilization/FIEM - Venezuela - $3 Billion.17.State Oil Fund - Azerbaijan - $10,8 Billion.18.National Pensions Reserve Fund - Ireland - $22,8 Billion.19.State Capital Investment Corporation - Vietnam - $0,5 Billion. 20.New Zealand Superannuation Fund - New Zealand - $6,9 Billion.21.The Economic and Social Stabilization Fund/ESSF - Chile - $21,8 Billion.22.Pula Fund - Botswana - $6,9 Billion.23.Nigerian Sovereign Investment Authority/NSIA - oil rich Nigeria - take-off funds $1 Billion, splitted into Nigeria Infrastructure Fund, Nigeria Future Generation Fund and Stabilization Fund. 24.Oil Stabilisation Fund - Angola - $0,2 Billion.25.Abu Dhabi Investment Council/ADIC - Abu Dhabi/UAE - 100% Government of Abu Dhabi - oil rich Emirate - Abu Dhabi the world's richest city - ADIC bought a 90% stake worth some $800 Million in the Chrysler Building, one of New York's most iconic skyscrapers; ADIC, GIC/Singaporeand CIC/China are leading a consortium of banks to inject$1,8 Billion into BTG Pactual, Brazil, the biggest commitmentever of SWF in Brazil - ADIC subsidiaries - Abu Dhabi Investment Authority/ADIA $627 Billion, Abu Dhabi Investment Company, Mubadala $14,7 Billion, International Petroleum Investment Company/IPIC $14 Billion, Abu Dhabi National Energy Company/TAQA $23,4 Billion. 25a)Abu Dhabi Investment Authority/ADIA - Abu Dhabi - with estimated $627 Billion/$875 Billion, ADIA is actually the world's largest SWF, providing Citigroup with $7,5 Billion /4,9% joining the Government of Singapore Investment Corporation's /GIC injection of $6,9 Billion - total provided $14,4 Billion, holds 8% stake in EFG Hermes/investment bank and 10% pre IPO stake in Apollo Management/ private US equity firm - ADIA filed an arbitration claim against Citigroup saying it was misled when it invested the $7,5 Billion in the bank two years ago, seeking rescission of the investment or damages in excess of $4 Billion - U.S.- bank considers claim entirely without merit, but apparently failed in its relation with this important investor. Sheikh Hamid Bin Zayed Al-Nahyan was named as the new managing director, replacing Sheikh Ahmed Bin Zayed Al-Nahyan who died in an accident. Sheikh Hamid is a half brother of Abu Dhabi's ruler Sheikh Khalifa Bin Zayed Al-Nahyan, who is also the the president of the United Arab Emirates/UAE - ADIA bought 11% of Hyatt Hotels Corporation for $139 Million. 25b)Mubadala Development Co. - Abu Dhabi -$14,7 Billion - powerful state investment company - increased its initial stake of $1,35 Billion/7,5% investing another $500 Million into in the US private equity firm Carlyle Group/triangular industry-goverment-defence (top defence technologies, energy supply andstrategic information technology), $622 Million/8,1% into Advanced Micro Devices/AMD, has a 5% stake in Ferrari and
will partner with MGM Mirage to develop MGM Grand Abu
Dhabi Resort - General Electric/GE and Mubadala agreed on
a commercial finance partnership each putting up $4 Billion in
the $8 Billion joint venture to establish a global commercial
financial services company aimed at Middle East and African
markets, Mubadala is planning to become one of the 10 biggest
institutional investors in GE signing a multi faced aviation
agreement to reinforce strategic partnership with GE Aviation
and announced also ventures with EADS and Rolls Royce,
Mubadala acquired a 50% stake in Kor Hotelgroup,
Los Angeles and signed a partnership agreement with the
French Strategic Investment Fund/FSI to target
co-investments into French companies. 25c)Abu Dhabi Securities Exchange/ADX, Abu Dhabi as the capital of the United Arab Emirates, partnered with NYSE Euronext, signing a technical co-operation agreement. 25d)HH Sheikh Mansour Bin Zayed Al-Nahyan, member of the Abu Dhabi royal family injected needed fresh capital Pstg.3,5 Billion/about $5,8 Billion into Barclays PLC, which left him with a 16,3% stake of the British bank, however placed his Barclays shares and capital notes for sale through his in- vestment vehicle International Petroleum Investment Com- pany/IPIC generating a profit. 25e)Abu Dhabi United Group for Development and Investment/ADUG - Abu Dhabi - new investment arm owned by HH Sheikh Mansour Bin Zayed Al-Nahyan - royal family - created to purchase the Manchester City Football Club paying Pstg.200 Million/about $320 Million, turning Man City within a short time into one of the top-four clubs, where ADUG will be represented by its board member Dr. Sulaiman Al Fahim, chief executive of Hydra Properties, an international real estate company based in Abu Dhabi and part of the Royal Group, a conglomerate of 30 companies, chaired by HH Sheikh Tahnoon Bin Zayed Al-Nahyan, member of the ruling family of Abu Dhabi - HH Sheikh Mansour Bin Zayed Al-Nahyan denied making inquiries about trying to buy Spanish club Real Madrid offering €1 Billion, saying to focus his attention on upgrading Manchester City to be one of the top clubs. 25f)International Petroleum Investment Company/IPIC - Abu Dhabi - $14 Billion - Government controlled IPIC had purchased among other investments 70% of MAN Ferrostaal AG, but IPIC was not comfortable with its participation in the German company involved in a bribery scandal, agreeing MAN to repurchase the 70% stake from IPIC selling it to another investor in Germany, IPIC owns a majority stake in Aabar Investments PJSC, Abu Dhabi, establishing a partnership for global investments, as well as a stake increased to 24,9% in the Nabucco leader Austrian Oil and Gas Group OMV and is seen interested to become seventh shareholder of Nabucco Gas Pipeline International joined already by Austria's OMV, Bulgaria's Bulgargaz, Germany's RWE, Hungary's MOL, Romania's Trans- gaz and Turkey's Botas. 25g)Aabar Investments PJSC - Abu Dhabi - after acquiring AIG Private Bank with its future Head Office in Switzerland from the parent company American International Group/AIG, purchased a 9,1% stake in Daimler AG paying €1,95 Billion/ $2,67 Billion becoming a new major shareholder of one of the world's largest automakers and is considering to raise its holding to 15%, after buying Daimler and Aabar a controlling stake of 75,1% of Brawn Grand Prix Ltd to allow Mercedes to constitute its own Formel 1 Team in 2010, purchased nearly a third of Sir Richard Branson's commercial space travel start-up, Virgin Galactic, giving Aabar the right to launch space flights from Abu Dhabi, is investing in prime hotel- and apartment develop- ments in Manhattan, Aabar said it would increase its stake in UniCredit/Italy to 6,5%. 25h)Abu Dhabi Mar Group with a controlling stake of 90% in Nobiskrug Shipyard/Germany and common shareholding with French shipbuilder CMN Group, shareholders Abu Dhabi Ship Building/ADSB, Emirate Marine Technologies, Abu Dhabi, Sir Joseph Isherwood Ltd.U.K. jointly with Empresa Gerencial de Projetos Navais linked to the Brazilian Navy, signed a strategic partnership with Thyssen-Krupp Marine Systems/TKMS acquiring Blohm + Voss Shipyards, including Howaldtswerke- Deutsche-Werft/HDW Gaarden, and 80% of Blohm + Voss Repair and Blohm + Voss Industries, taking also a 50% stake of the new company Blohm + Voss Naval as a step to position the Abu Dhabi Mar Group as world leader in naval and megayacht building, retaining TKMS a lead role with the German Navy and NATO- partners. ADMG will obtain also a controlling stake of 75,1% in the Hellenic Shipyards/HSY, with a submarine construction capacity, where TKMS will hold the remaining 24,9%. ADMG, related through Abu Dhabi Ship Building/ADSB with Emirates Ship Investment Co., Abu Dhabi, and Government owned Abu Dhabi Investment Company and Mubadala, is controlled by Al Ain International Group, Abu Dhabi, holding 70% and Privinvest Holding an Abu Dhabi private equity group with 30%, the largest shareholder of VendTek Systems/Canada with 20% and of One Prepay/UAE with 42,5%.26.Investment Corporation of Dubai - Dubai/UAE - 100% Dubai Government owned - $82 Billion - subisdiaries/ Borse Dubai - Dubai Holdings - Dubai World Corporation - Tatwer - acknowledging the severity of its financial position the oil poor and overindebted Emirate said it would freeze its own debt repayments in order to restructure liabilities amounting to $59 Billion, forming part of Dubai's total debts estimated to reach more than $80 Billion, of Government controlled holding company Dubai World and its real estate arm Nakheel World, developer of Dubai's Palm Islands, requesting its providers of financing to extend maturities until at least 30 May 2010 - rich neighbor Emirate Abu Dhabi, which already helped with $5 Billion will on a case by case basis provide more finan- cial support secured for example by commercial mortgages - the Government of Dubai announced that operations of Dubai World's subsidiary DP World, the port operator, are not affected by the debt reoragnization, announcing the United Arab Emirates' central bank it will offer a special additional liquidity facility to local banks said to shoulder a large proportion of Dubai's debts. 26a)Borse Dubai - $2,2 Billion - holds a 20% interest in London Stock Exchange and a 20% in the combined Nasdaq OMX group (the Stockholm based Nordic Exchanges OMX). 26b)Dubai World Corporation - Dubai/UAE - controls more than $10 Billion in real estate investments mainly in the US and Europe, including One Trafalgar Square, subsidiaries/DP World, the world's fourth biggest port operator and Istithmar World, Dubai Natural Resources World, Drydocks World, Limitless, Nakheel World, the developer of Dubai's Palm Islands, Leizure Group, Economic Zones World/EZW. 26c)Istithmar World - Dubai/UAE - $8 Billion - investment arm of Dubai World Corporation, wholly owned by the Investment Corporation of Dubai - acquired acquired Casino operator/luxury hotel properties Kerzner International for $3,9 Billion, Luxury retailer Barneys New York for $942 Million, holds a 2,7% stake in Standard Chartered Bank investing $1 Billion and bought QEII/Queen Elisabeth II Cruise flagship; oil-poor Dubai has considerable debts and Dubai World Corporation borrowed heavily to support its global acquisition and investment strategies. 26d)Dubai International Capital/DIC - Dubai/UAE - $12 Billion - DIC and Dubai Group are part of Dubai Holdings, and DIC is the international investment arm of Dubai Holdings, the private equity vehicle of Dubai's ruler, Sheikh Mohammed bin Rashid al Maktoum - the asset management subsidiary of DIC is DICAM, licensed by the Dubai Financial Services Authority/DFSA to promote and market funds - DICAM's $2 Billion Global Strategic Equities Fund/GSEF has stakes in Daimler, HSBC, EADS/3,12%, Travelodge/UK and purchased a substantial share in Sony - the Dubai investment company Zabeel Investments partnered in EADS and Sony deals with GSEF - DIC took also part in the $1,5 Billion buyout of wax museum operator The Tussauds Group, merged with the world's second leisure group, after Disney, the Merlin Entertainments Group, holding DIC a stake of 20% - DIC and Hong Kong based First Eastern Investment Group/First Eastern, a leading China private equity firm, launch a new fund, China Dubai Capital, initial size $1 Billion, to invest in Chinese companies. 26e)Dubai International Finance Centre/DIFC - Dubai/UAE - onshore financial free zone - wholly owned subsidiary Dubai International Financial Exchange/DIFX, combined Nasdaq OMX group holds 1/3 of DIFX - the financial services of DIFC are regulated to international standards by the Dubai Financial Services Authority/DFSA. 26f)Emaar Properties - Dubai Government linked real estate giant - established operations in 17 markets exceeding its investments beyond Dubai $65 Billion, also developer of Dubai Marina.27.RAK Investment Authority/Rakia - Ras al-Khaimah/ UAE - $1,2 Billion.28.Emirates Investment Authority - United Arab Emirates - manages Federal Government stakes in more than 30 corpo- rations across all seven UAE states - Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain.29.Kuwait Investment Authority/KIA - Kuwait - $250 Billion - subsidiaries: St. Martins Property the Real Estate Investment Arm of the State of Kuwait, Kuwait Real Estate Consortium - $88,3 Billion - , National Technology Enterprises Company of Kuwait/NTEC, is the second-biggest minority shareholder of Daimler with 6,93%, has a remaining stake of 1,75% in British Petroleum/BP, invested $3 Billion into Citigroup, bought $800 Million VISA IPO and joined forces with the Korean Investment Fund Corporation/KIC, the Mizuho Financial Group and Temasek to inject about $10,4 Billion into Merrill Lynch, receiving a compensation for paper loss on its original investment using it to increase stake, now Bank of America - KIA and the Qatar Invest- ment Authority/QIA took part in a $3,95 Billion deal to buy four buildings in New York, including the $2,8 Billion sale of the GM Building, KIA is joining GIC and CIC investing $2,8 Billion in BlackRock financing part of its transaction to buy Barclays Global Investors/BGI - KIA sold its $4,1 Billion stake in Citigroup, where it had invested $3 Billion, making a profit of $1,1 Billion, KIA is buying for €600 Million a 4,8% stake of the French nuclear energy company Areva Group. To raise capital TPG, which manages about $50 Billion in assets, sold a minority stake to KIA and GIC (Singapore). 29a)Gulf Investment Corporation/GIC - Kuwait - 6 GCC Countries (Gulf Corporation Council Countries) /Saudi Arabia, Kuwait, Bahrein, Qatar, Sultanate of Oman, United Arab Emirates/UAE - size not disclosed. 29b)Global Investment House - a Kuwaiti investment company licensed by the Central Bank of Kuwait - is a leading asset management and investment banking com- pany in the GCC, Middle East and North Africa/MENA, assests under management $8 Billion.30.Qatar Investment Authority/QIA - Qatar - the world's largest exporter of liquefied natural gas and an oil exporter - $62 Billion - subsidiaries: Qatar Holding, Qatari Diar, has a 15% stake in London Stock Exchange for $1,2 Billion, owns through Qatar Holding a 25,4% stake in UK supermarket giant Sainsbury, invested Pstg.2 Billion/about $3,3 Billion for a stake of 12,7% into Barclays PLC and QIA's chief executive, Billionaire Sheikh Hamad Bin Jassim Bin Jabor Al Thani, member of the royal family, also Foreign Minister and Prime Minister of Qatar, another Pstg.300 Million/about $500 Million through his investment vehicle Challenger Universal Ltd. for a stake of 2,8% in Barclays, reaching Qatar a joint stake of 15,5% in the British bank, is a major shareholder of Credit Suisse and QIA is seeking to buy a 7,5% stake of Airbus parent EADS/European Aeronautic Defence and Space to be divested by Daimler the biggest shareholder controlling actually 22,5%, QIA and the the Kuwait Investment Authority/KIA took part in a $3,95 Billion deal to buy four buildings in New York, including the $2,8 Billion sale of the GM Building; QIA through Qatar Holding with an investment exceeding €7 Billion will be part of the approved step-by- step merger of Volkswagen/VW with the German sports carmaker Porsche under VW's leadership due to complete in 2011, acquiring VW initially a 49,9% stake in Porsche for about €3,9 Billion, buying Qatar Holding nearly all of Porsche's stock options in VW to become the third largest shareholder of VW after the merger with initially 17% to be increased to 19% until 2011 through the acquisition of a 10% stake in Porsche's parent company, which holds 50,7% of VW's common shares along with options for another 20%, behind the Porsche and Piech families with around 35% to 39% and the German State of Lower Saxony with just over 20%, granting Qatar Holding also Porsche with debts of over €10 Billion a loan of up to €265 Million as part of a syndicated loan of 16 banks to repay a VW credit. 30a)Doha Securities Market/DSM - Qatar - NYSE has taken a 25% equity stake in Qatar's stock market/DSM, worth about $250 Million, while QIA will hold the remaining 75%. 30b)Barwa Real Estate Co, 45% owned by the QIA's $42 Billion Real Estate Investment Company Qatari Diar, agreed on a $2 Billion deal with state-owned Libyan Development and Investment Co. 30c)Delta Two and Delta Three Funds privately managed but backed by the Gulf State Qatar. 30d)Qatar Financial Centre - Doha/Qatar - funded by the State of Qatar to attract high quality financial services institutions and corporates providing a new window to access and share the enormous wealth being created in Qatar and the Gulf region. 30e)Qatar Holding is exercising about half of its warrants in Barclays PLC and continues to hold some 7% in the UK bank, making an estimated profit of $985 Million, which probably might be used to increase Qatar's stake in Sainsbury PLC, bought luxury department store Harrods for about Pstg.1,5 Billion from Egyptian born businessman Mohammed Al Fayed - plans to invest in Indian equities, took a 9,1% stake of the German construction firm Hochtief agreeing to intensify cooperation,diluting the Qatari stake the 30% holding of the Spanish construction firm ACS in Hochtief as ACS is attempting totake over the company, buying Qatar Holding a 10% stake in European Goldfields from Greek building firm Ellaktor holding 25%, investing QH another $600 Million into the mining company, allowing Greece London based European Goldfields to mine gold in the north of the country which could make the firm the largest primary gold producer of the EU. 30f)Qatari Diar Real Estate Investment Company wholly owned by Qatar Investment Authority will sign agreement of under- standing with Deutsche Bahn of Germany for Qatar's integrated railway project worth about €17 Billion through the constitution of Qatar Railways Development Company in which Qatar will hold 51% and Deutsche Bundesbahn 49%; Qatari Diar Finance a unit of Qatari Diar Real Estate Invetsment Co. raised $3,5 Billion in a bond sale to cover debts of its affiliate Barwa Real Estate Company financing also capital expenditures, owns luxury apartments and other important property developments in London. 30g)Nasser bin Khaled and Sons Holding/NBK Holding -NBKS - selling and distributing local and international brands in Qatari market, CEO H.E. Sheikh Nawaf Bin Nasser Al Thani, also re- lated with QIA and member of ruling royal familiy.31.Saudi Arabian Public Investment Fund/PIF - fund connected to the Saudi- Government/Saudi Arabian Monetary Agency/SAMA - Saudi Arabia - with estimated assets of more than $433 Billion and the mandate to invest only internally, teamed up with the Government of Singapore Investment Corporation/GIC to invest $11,5 Billion into UBS and it's believed the Saudi royal family was involved and that Prince Sultan, the crown prince and defence minister, approved the deal. 31a)Sanabil al-Saudia - Saudi Arabia - $5,3 Billion - first Saudi SWF wholly owned by PIF with a proposed investment strategy maximising long-term rates of return - the new Fund could become eventually one of the world's leading SWF and global players, due to the enormeous potential of Saudi Arabia to inject cash from oil exports. 31b)Saudi Arabian General Investment Authority/SAGIA - with huge infrastructure investments plans to position Saudi Arabia among the top 10 most competitive nations by 2010. 31c)Prince Al-Waleed bin Talal bin Abdul Aziz Al-Saud - net worth about $29,5 Billion (Forbes-world's 13 richest person), member of Saudi Royal Family, largest individual shareholder of Citigroup with about 4,3% to be increased to 5%, invested in Compac, Kodak, Ebay, Priceline.com, Amazon.com, World.com, Fairmont Hotel, Four Seasons - Other important members of Saudi Royal Family. 31d) HRH Prince Sultan Bin Abdul Aziz Al-Saud - Crown Prince and Deputy Premier, Minister of Defence and Aviation and Inspector General. 31e) HRH Prince Saud Al-Faisal bin Abdul Aziz Al-Saud - Minister of Foreign Affairs.32. Mumtalakat Holding Company - Bahrain - investment arm of the Kingdom of Bahrain - more than $14 Billion - active shareholder and investor in 35 commercial enterprises, owns 30% stake in McLaren. 32a)Investcorp Bank B.S.C. - Bahrain - consists primarily of Arab investors, a leading global asset manager, best known for its acquisition of Saks and Gucci, has over $13 Billion in invested assets under management and arranged investments with a combined value of about $38 Billion.33.Oman Investment Fund/OIF - Sultanate of Oman - size not disclosed. 33a)Pension Fund of Oman - Sultanate of Oman - Size not disclosed. 33b)Oman Investment Corporation/OIC - Sultanate of Oman - Size not disclosed - shareholders: 50% Gulf Investment Corporation, 10% Government of Oman, 40% Corporate.34.Fonds Strategique d'Investissement/FSI - France -French Government owned - $28 Billion - signed partnership agreement with Mubadala Development Co. to promote co-investments into French companies.35.Sovereign Wealth Fund of Brazil - Brazil - $5,9 Billion. India/foreign reserves about $300 Billion is still considering to establish a $10 Billion SWF and Japan/foreign reserves more than $1 Trillion has no SWF.
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