Investment property of SOFAZ down by 12%

As of January 1 of this year, the value of investment property of the State Oil Fund (SOFAZ) amounted to 1,579,873,000 manats ($929.3 million) (-11.5%), Report informs, citing the financial (audit) report of the Fund for 2022.

By the end of last year, the investment property of SOFAZ was 1.9% of its assets. This rate was 2.4% by the end of the previous year.