Brunei Investment Agency

Brunei Investment Agency
BIA
Company typeSovereign Wealth Fund
IndustryInvestment
Founded1 July 1983 (1983-07-01)
FounderSultan of Brunei
HeadquartersMinistry of Finance Building, ,
Area served
Worldwide
Key people
  • Khairuddin Abdul Hamid – Chief Investment Officer
  • Dato Abdul Rahman Karim – Managing Director
Productsinvestment
AUMDecreaseUS$73 billion (2023)
Total equitySteadyUS$30 billion (2009)
OwnerGovernment of Brunei
ParentMinistry of Finance and Economy (Brunei)
Subsidiaries
WebsiteBIA Homepage

The Brunei Investment Agency (BIA) is a government-owned corporation[1] that reports to the Ministry of Finance of the Government of Brunei. Established in 1983, its offices are located in Bandar Seri Begawan at the Ministry of Finance HQ.[2] Data on the agency's assets are not reported to the public[3] and the Sultan and his assets, to a certain degree, are also incorporated in the agency; however the extent is unknown. In October 2023, the fund has a total of US$73 billion in assets under management.[4]

  1. ^ Ariff, Mohamed (1998). APEC and Development Co-operation. Institute of Southeast Asian Studies. pp. 39–. ISBN 978-981-230-020-1.
  2. ^ "Brunei Investment Agency". Sovereign Wealth Funds News. Archived from the original on 15 October 2013. Retrieved 15 October 2013.
  3. ^ Singh, Daljit; Freeman, Nick J. (2000). Regional Outlook: Southeast Asia 2000–2001. Institute of Southeast Asian. pp. 50–. ISBN 978-981-230-087-4.
  4. ^ "Brunei Investment Agency (BIA) – Sovereign Wealth Fund, Brunei – SWFI". swfinstitute.org. Retrieved 27 June 2023.

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