15:46 - 6.03.2025

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March 6, Fineko/abc.az. The State Oil Fund of Azerbaijan (SOFAZ) owns shares in more than 500 real estate properties worldwide.

ABC.AZ reports that Farhad Zeynalov, the director of the SOFAZ Investment Department, made this statement at the event "SOFAR Media Dialogue: Investment results for 2024 & Prospects for 2025".

"Gold purchases were resumed last year. During the year, about 45 tons of gold bars were purchased, and the total gold portfolio at the end of last year was about 147 tons. We’ll continue to buy gold this year. It is planned to increase the share of gold in the asset allocation of SOFAZ’s investment policy to 25%. It is expected that the volume of purchases in April-May will be about 170 tons," Zeynalov noted.