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2026-10-12T08:28:22.000Z

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Syrian finance ministry denies report on $50B assets

Syrian finance ministry denies report on $50B assets

The Syrian Ministry of Finance has confirmed that the statements attributed to its minister regarding the value of the Syrian Sovereign Fund's assets are unofficial, following a report published by the British newspaper "Financial Times," which claimed that the fund's assets are estimated at around $50 billion. The report based this claim on a statement attributed to the minister, without providing any official documentation. The statement clarified that the minister did not specify any particular figure regarding the fund's assets and called on media outlets to verify sources and ensure accuracy before publishing information. The reports pertain to the expansion of the fund's activities, which was established in 2025 and manages assets including real estate, factories, and companies. The fund is increasingly involved in investment partnerships, although no official financial details have been publicly released about it so far.

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