It is well known that Saudi Arabia’s Public Investment Fund (PIF) aims to become a 1 trillion-dollar fund by 2025. To reach this goal, Saudi Arabia transferred a $164 billion stake in Aramco to PIF, propelling it to the second-biggest fund in the Middle East.
Similarly, the Kuwait Investment Authority, the third largest in the region, has increased its assets under management reaching an outstanding $923 billion thanks to one of its…