The Bank of Israel and the Ministry of Finance published the 2025 Annual Report of the Citizens of Israel Fund, the sovereign fund that manages state revenues from the levy on windfall profits from oil and natural gas under the Citizens of Israel Fund Law, 5774–2014. The report highlights continued build-out of the Fund’s management infrastructure, expansion into additional asset classes and further growth in assets during its third full year of operation. As of 31 December 2025, the Fund’s assets under management were approximately USD 2.8 billion. During 2025 it generated an 18.4% nominal return in U.S. dollars and a 15.4% real return in U.S. dollars; deposits to the Fund totaled USD 350.7 million, and an annual allocation of USD 51.7 million was transferred to the State Treasury in accordance with the law. Looking ahead, the report indicates the Fund is expected to continue growing and to broaden exposure across additional asset classes, including a gradual expansion of private investments, supported by infrastructure developed for integrating non-liquid assets and enhanced real-time analytical capabilities.
Bank of Israel 2026-04-15
Bank of Israel and Ministry of Finance publish 2025 Citizens of Israel Fund annual report showing USD 2.8 billion in assets and 18.4% nominal return
The Bank of Israel and the Ministry of Finance published the 2025 Annual Report of the Citizens of Israel Fund, noting continued build-out of management infrastructure, expansion into additional asset classes and further asset growth in the Fund’s third full year. As of 31 December 2025, assets under management were about USD 2.8 billion, with a nominal return of 18.4% and a real return of 15.4% in U.S. dollars, deposits of USD 350.7 million and an allocation of USD 51.7 million to the State Treasury. The report expects continued growth and broader exposure, including gradual expansion of private investments supported by infrastructure for non-liquid assets and enhanced real-time analytical capabilities.