Last year saw an increase in the investments of the Norwegian Sovereign Fund, the largest sovereign fund in the world, in the UAE shares more than twice.


According to the Al Bayan newspaper report, data of the $ 1.1 trillion fund showed that the UAE ranked first among 9 Arab markets the Norwegian sovereign fund invests in its shares, increasing by 156% from $ 346 million (1.27 billion dirhams) at the end of 2018 to 887.5 One million dollars (3.26 billion dirhams) distributed over 18 shares by the end of last year.


The UAE won 34% of the Fund’s total investments in the Arab markets of $ 2.6 billion distributed among 154 Arab companies by the end of last year.


The Emirates NBD share was at the forefront of the UAE shares held by the Norwegian sovereign fund, which has doubled its investments in the bank more than eight times from 92.7 million dirhams at the end of 2018, to 872.8 million at the end of last year.


The shares of DP World came second with 419.7 million dirhams from 216.4 million in 2018, then Emaar Properties worth 263.7 million, Dubai Islamic 281 million, Abu Dhabi Commercial 259.4 million and Aramex 214.2 million.


The investments of the sovereign fund whose portfolio is managed by the Norwegian Bank for Investment Management in First Abu Dhabi Bank reached 184.4 million dirhams, Aldar Properties 153.1 million, Emaar Malls 136.66 million, Addis International 95.3 million, Foods 77.1 million, ADNOC Distribution 75.8 million, and National Ras Al-Khaimah 72 million, Abu Dhabi Islamic 57.5 million, cooling 50.9 million.


Investments in Emaar Development, Dubai Investment and Depa reached approximately 21.5 million, 18.2 million and 4 million dirhams, respectively.