# Sharjah Asset Management

Sharjah Asset Management is a Sovereign Wealth Fund based in Sharjah, United Arab Emirates.

## Overview

- **Organization type:** Sovereign Wealth Fund
- **Headquarters:** Sharjah, United Arab Emirates
- **Region:** Middle East
- **Address:** Sharjah, United Arab Emirates
- **Founded:** 2008
- **Assets under management:** Undisclosed
- **Website:** sam.gov.ae
- **LinkedIn:** https://www.linkedin.com/company/sharjah-asset-management

## Regulatory record

- **Reports private funds:** No

## About

Sharjah Asset Management is the investment arm of the Government of Sharjah. It manages investment portfolios across sectors including education, real estate, transportation, oil and gas, and technology. The company was founded in 2008 and is based in Sharjah, United Arab Emirates.

## Sectors

- Real Estate
- Infrastructure
- Financial Services
- Energy Transition & Renewables
- Education

## People

- Waleed Al Sayegh — Group CEO

## Questions

### Who runs investment decisions at Sharjah Asset Management?

Group CEO Waleed Al Sayegh leads the entity, holding concurrent authority as Director General of the Sharjah Finance Department. This dual role aligns SAM's investment decisions directly with the emirate's fiscal policy. The board reports to the Government of Sharjah as sole shareholder.

### How is Sharjah Asset Management different from other Gulf sovereign wealth funds?

SAM operates as a direct owner-operator of domestic assets rather than a global portfolio allocator. Unlike ADIA or Mubadala, which deploy across developed-market equities, alternatives, and direct international deals, SAM's portfolio consists primarily of Sharjah-based real estate, industrial zones, public markets, schools, and joint ventures — making it closer to a municipal holding company than a conventional SWF.

### Does SAM invest internationally or only within Sharjah?

SAM's disclosed portfolio is overwhelmingly domestic, concentrated in Sharjah and the Northern Emirates. It holds oil and gas exposure and participates in joint ventures with cross-UAE partners like Majid Al Futtaim Properties. International co-investment activity is limited and not systematically disclosed.

### What major joint ventures does Sharjah Asset Management participate in?

Two notable structures: Sharjah Holding, a JV with Majid Al Futtaim Properties that develops mixed-use and residential communities, and Sharjah Sustainable City, developed with See Holding as the emirate's first net-zero-energy residential project. Both serve SAM's mandate to partner with operational developers on domestic projects.

### How transparent is SAM about its assets under management?

SAM does not publish an independent AUM figure. Its assets are consolidated within the broader Government of Sharjah accounts. No named external publication has reported an independent AUM estimate for the entity.

### What is SAM's mandate — purely financial return, or broader economic development?

SAM's mandate blends financial return with emirate-level economic development. It owns and operates assets like the Al Saja'a Industrial Oasis, Souq Al Jubail, and public schools alongside yield-generating residential and commercial real estate. The structure is designed to convert Sharjah's land bank and sovereign capital into both revenue and civic infrastructure.

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Last updated: 2026-06-03T20:00:00.000Z

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