UAE's ADIA ranks third among top sovereign wealth funds
The ADIA was followed by the Kuwait Investment Authority with $533.7bln assets
Mubasher - 10-Sep-2020
Kuwait Investment Authority
Also known as: KIA Last updated on: 28 February 2020
fast facts
Business SummaryInvestment arm of the State of Kuwait in charge of developing and managing the General Reserve Fund and the Future Generations Fund.Country of IncorporationKuwaitOwnership TypeGovernmentEstablished In1953Primary SectorFinancial ServicesLatest News
wealth
Kuwait approves making transfers to Future Fund dependent on budget surplus
The Future Generations Fund, which is managed by the Kuwait Investment Authority (KIA), automatically receives 10% of the state's oil revenue every year
Reuters News - 19-Aug-2020Kuwait budget deficit could widen to $46bln in 2020/21 -document
Kuwait's fiscal year runs from April 1 to March 31
Reuters News - 18-Aug-2020Kuwait considers halting automatic 10% transfer to wealth fund, says govt official
The official, confirming a report by local newspaper Al Qabas, said the government wants to make the 10% revenue transfer conditional on achieving a budget surplus
Reuters News - 21-Jun-2020Kuwait Finance House (KFH) press release on the acquisition of Ahli United Bank B.S.C.
Ordinary and Extraordinary General Assembly Meetings And Public Press Conference
Press Release - 20-Jan-2020Contact details
Primary address
Ministries Complex Building 3Al Murqab Area
64
Kuwait
Safat
13001
Region
Al AssimahCONTACT
- Tel: +965 2248-5600
- Tel: +965 2248-5667
- Fax: +965 2245-4059
- Email: information@kia.gov.kw
- www.kia.gov.kw
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