12:25 - 6.03.2025

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March 6, Fineko/abc.az. The total income of the State Oil Fund of Azerbaijan (SOFAZ) from financial asset management in 2015-2024 amounted to $7.2 billion.

ABC.AZ reports that Togrul Rahimbayli, Head of the Asset Allocation, Risk Management & Profitability Department of SOFAZ Risk Management, said this at a media briefing on the investment results of 2024 and prospects for 2025.

"Of this amount, income from investments in bonds totaled $2.7 billion, in shares - $3.5 billion, real estate - $ 1 billion," he said.

Rahimbayli stressed that SOFAZ, as part of its strategy, is diversifying its portfolio in order to increase profitability.

"Despite the comparatively small share of real estate and stocks (only 21% of SOFAZ's investment portfolio at the end of 2024), their contribution to total income was about 63%," he added.

Rahimbayli stressed that average annual return on SOFAZ's investment portfolio over the past 7 years has been 3%.