Key Takeaways
- • As of January 1, 2026, the State Oil Fund of Azerbaijan (SOFAZ) held 4.894 billion manats ($2.88 billion) in real estate funds, up 7.2% from January 1, 2025, according to Report.az citing the Fund's financial statements.
- • Real estate fund exposure fell as a share of SOFAZ's total assets, declining from 4.45% to 3.9% over the year, indicating that total asset growth outpaced the increase in this allocation.
- • SOFAZ, established by presidential decree dated December 29, 1999, manages oil and gas revenues from Azerbaijan's share of resources for present and future generations.
Summary
The State Oil Fund of Azerbaijan (SOFAZ) had invested 4.894 billion manats ($2.88 billion) in real estate funds as of January 1, 2026, according to Report.az, which cited the Fund's financial statements. The figure represents a 7.2% increase compared with January 1, 2025.
Despite the rise in absolute terms, the share of real estate fund investments within SOFAZ's total assets declined over the year, from 4.45% to 3.9%. This suggests that the Fund's overall asset base expanded at a faster pace than its real estate fund allocation.
SOFAZ was established by a decree of the President of Azerbaijan dated December 29, 1999. Its principal objective is to accumulate and efficiently manage revenues and other funds generated from the exploration and development of Azerbaijan's share of oil and gas resources, as well as from its own activities, in the interests of the country's present and future generations.
Despite the rise in absolute terms, the share of real estate fund investments within SOFAZ's total assets declined over the year, from 4.45% to 3.9%. This suggests that the Fund's overall asset base expanded at a faster pace than its real estate fund allocation.
SOFAZ was established by a decree of the President of Azerbaijan dated December 29, 1999. Its principal objective is to accumulate and efficiently manage revenues and other funds generated from the exploration and development of Azerbaijan's share of oil and gas resources, as well as from its own activities, in the interests of the country's present and future generations.
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