State General Reserve Fund
Encyclopedia
State General Reserve Fund is a sovereign wealth fund
in Oman
.
It is one of few entities where the Sultanate of Oman channels its excess oil revenues.
It was founded in 1980 by a royal decree.
Its objectives are purely financial. That means it does not invest in companies with the view of otherwise benefiting the local economy, nor other goals.
Sovereign wealth fund
A sovereign wealth fund is a state-owned investment fund composed of financial assets such as stocks, bonds, property, precious metals or other financial instruments. Sovereign wealth funds invest globally. Some of them have grabbed attention making bad investments in several Wall Street financial...
in Oman
Oman
Oman , officially called the Sultanate of Oman , is an Arab state in southwest Asia on the southeast coast of the Arabian Peninsula. It is bordered by the United Arab Emirates to the northwest, Saudi Arabia to the west, and Yemen to the southwest. The coast is formed by the Arabian Sea on the...
.
It is one of few entities where the Sultanate of Oman channels its excess oil revenues.
It was founded in 1980 by a royal decree.
Its objectives are purely financial. That means it does not invest in companies with the view of otherwise benefiting the local economy, nor other goals.