Oman Sovereign Wealth Fund’s assets reach $49.9 billion in 2023

Total assets of Oman’s sovereign wealth fund, the Oman Investment Authority (OIA), increased by an estimated 7.4 percent year-on-year to reach OMR19.24 billion ($49.9 billion) in 2023, according to new figures.

A report issued by the OIA revealed that the return on investment for 2023 stood at 9.95 percent, the authority said in a post on X. 

Driving economic growth and stability

The rise in numbers underscores the OIA’s role in driving…