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Islamic Finance

Gulf SWFs capture 43% of global deal activity in 2025


Top sovereign wealth funds across the Gulf region captured 43% of the total deal activity in 2025, as regional governments ramp up spending across industries. 

The GCC’s largest and most active sovereign wealth funds, including Abu Dhabi’s ADIA, ADQ, Dubai’s Mubadala Investment Company, Kuwait Investment Authority, Qatar Investment Authority and Saudi Arabia’s Public Investment Fund, spent $119 billion in 2025, up 43% on the previous year.

Saudi’s PIF was the most active regional spender of the year with investments worth $36.2 billion. Abu Dhabi’s Mubadala ran it close investing $33.7 billion as the emirate deploys its financial firepower to leap into the top echelons of powerhouse investors. 

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