State General Reserve Fund

Sultanate of Oman
State General Reserve Fund
صندوق الاحتياطي العام للدولة
Agency overview
Headquarters Muscat Oman
Parent agency Ministry of Finance
Website http://www.sgrf.gov.om/

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 and is a member of the International Forum of Sovereign Wealth Funds and is therefore signed up to the Santiago Principles on best practice in managing sovereign wealth funds.[1] 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.

References

  1. ↑ International Forum of Sovereign Wealth Funds. "IFSWF Our members". Retrieved 24 September 2016.
This article is issued from Wikipedia - version of the 11/18/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.