Gold

For the purposes of diversification of the investment portfolio and increasing profitability of SOFAZ, "Rules on management of foreign currency assets of the State Oil Fund of the Republic of Azerbaijan" was amended in accordance with the Presidential Decree № 519 dated October 27, 2011. According to the SOFAZ’s Investment Policy, SOFAZ can invest up to 15% of its investment portfolio in gold.

During the first quarter of 2024, the gold sub-portfolio of SOFAZ experienced growth, reaching a total of 104.6 tons (3,362,974.8 troy ounces) as of March 31, 2024.

The transfer of the purchased gold to Azerbaijan is conducted by UK’s Brink’s Global Services. The purchased gold stored in the vault for storage of the valuables, built in the administrative building of SOFAZ.