A delegation led by Israfil Mammadov, CEO of the State Oil Fund of the Republic of Azerbaijan (SOFAZ), recently had a working visit to Saudi Arabia. This visit was a part of SOFAZ’s broader efforts to strengthen strategic partnerships within the global capital market and further diversify its investment portfolio.

The delegation engaged in high-level meetings with government officials, including the Minister of Finance, Mohammed Al-Jadaan, and Minister of Investment, Khalid A. Al-Falih, as well as with senior executives from leading companies such as BSF, Vision Invest, Gulf Islamic Investments, Investcorp, Sanabil, Dubai Holding, and Gulf Capital. These discussions centered on advancing mutual investment initiatives, exploring collaboration opportunities, and identifying strategic projects. The parties also exchanged views on fostering innovation, promoting sustainable development, and supporting economic diversification.

As part of the visit, the delegation participated in the 8th Future Investment Initiative Forum (FII8), themed “Infinite Horizons: Investing Today, Shaping Tomorrow.” FII8 gathered influential leaders and experts from around the world to discuss transformative investment opportunities addressing global challenges. At the forum, the SOFAZ delegation held productive meetings with leading financial institutions, including Franklin Templeton, Starwood, and Brookfield. The forum provided SOFAZ with valuable insights into global investment trends and paved the way for new collaborative opportunities with international partners.