NDFI Among World’s Big SWFs

The National Development Fund of Iran (NDFI) last week recessed its financial statement showing the sovereign wealth fund among the largest in the world according to the Global SWF ranking.
It said assets under its management (AuM) is $139 billion, including $110 billion in loans and $29 billion in cash. The Global SWF website described the release of these figures a matter of surprise and “a secret the international press had long wondered about”.  
According to Global SWF ranking, that makes NDFI the 17th largest in the world.