Established in 1980, the State General Reserve Fund of the Sultanate of Oman is a major arm of the Government of Oman that invests in a diversified portfolio of non-oil overseas assets. The fund is owned by the Sultanate of Oman and administered by the Ministry of Finance.

To meet these objectives, it is the SGRF’s responsibility to preserve and enhance Oman’s foreign reserves. The reserves provide a stream of income that can be spent or invested for the benefit of the present and future generations. The SGRF manages these funds on behalf of the Government of Oman.

Main objectives of the SGRF:

  • To achieve long-term returns for the Government of Oman

  • To act as a stabilisation fund for the Government of Oman

  • To provide liquidity to the Government of Oman when called upon


The SCIC was incorporated by the Prime Minister in June, 2005. With its Board’s mandate, the SCIC’s creation is seen as a bold measure of the Government of Vietnam during the height of economic and SOE reforms aimed at enhancing the efficiency of the state capital utilisation.

Since commencing operations in August 2006, the SCIC currently manages a large portfolio of over 500 enterprises that are operating in various sectors, such as financial services, energy, manufacturing, telecommunications, transportation, consumer products, health care and information technology.

Main objectives of the SCIC:

  • To represent the state capital interest in enterprises

  • To invest in key sectors and essential industries

  • To strengthen the dominant role of the state sector