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Kuwait Investment Authority

Definition

The Kuwait Investment Authority is Kuwait's sovereign wealth fund, managing body, specializing in local and foreign investment. It is the 5th largest sovereign wealth fund in the world with assets exceeding $592 billion. It is a member of the International Forum of Sovereign Wealth Funds and has signed up to the Santiago Principles on best practice in managing sovereign wealth funds.

Kuwait Investment Authority

What is 'Kuwait Investment Authority'

The Kuwait Investment Authority (KIA) is a government-owned corporation responsible for managing the sovereign wealth fund of Kuwait. The KIA was initially created in 1953 to create a fund for future use and lessen the country's dependence on its oil reserves. The source of the money for the sovereign wealth fund is derived primarily from the excess proceeds from Kuwait's oil reserves.

Explaining 'Kuwait Investment Authority'

The sovereign wealth fund is divided into the General Reserve Fund and the Future Generations Fund. According to the Sovereign Wealth Fund Institute, the Kuwait Investment Authority controls the seventh-largest sovereign wealth fund in the world, with approximately $202.8 billion in assets under management.


Kuwait Investment Authority FAQ

What does Qatar Investment Authority own?

Qatar Investment Authority holds a small stake in Fisker Automotive. It also holds about a 17% stake in the Volkswagen Group, Porsche, Hochtief, as well as investments in Sainsbury's. QIA holds a 6% stake in Credit Suisse and owns shares in Apeldoorn, the majority owner of Canary Wharf Group.

Where can I invest in Qatar?

These investments are in the form of deposit, savings, and current accounts. International Bank of Qatar.Commercial Bank of Qatar.Al Khalij Commercial Bank.Qatar Islamic Bank.Masraf Al Rayan.Mashreq.HSBC.Ahli Bank.

Further Reading

Sovereign Wealth Funds: Strategies of Geo-Economic Power ProjectionsSovereign Wealth Funds: Strategies of Geo-Economic Power Projections
link.springer.com [PDF]
… The four main Persian Gulf investment funds (Abu Dhabi Investment Authority, Kuwait Investment Author- ity, Qatar … The Abu Dhabi Investment Authority's recent $7.5 billion investment in Citigroup prompted … benchmark seri- ously, a policy of encouraging SWFs to invest in well …

Developing Asia's New Sovereign Wealth Funds and Global Financial StabilityDeveloping Asia's New Sovereign Wealth Funds and Global Financial Stability
www.think-asia.org [PDF]
… The four main Persian Gulf investment funds (Abu Dhabi Investment Authority, Kuwait Investment Author- ity, Qatar … The Abu Dhabi Investment Authority's recent $7.5 billion investment in Citigroup prompted … benchmark seri- ously, a policy of encouraging SWFs to invest in well …

The impact of sovereign wealth funds on global financial marketsThe impact of sovereign wealth funds on global financial markets
link.springer.com [PDF]
… The four main Persian Gulf investment funds (Abu Dhabi Investment Authority, Kuwait Investment Author- ity, Qatar … The Abu Dhabi Investment Authority's recent $7.5 billion investment in Citigroup prompted … benchmark seri- ously, a policy of encouraging SWFs to invest in well …

Sovereign Wealth Funds in Nondemocratic Countries: Financing Entrenchment or Change?Sovereign Wealth Funds in Nondemocratic Countries: Financing Entrenchment or Change?
www.jstor.org [PDF]
… The four main Persian Gulf investment funds (Abu Dhabi Investment Authority, Kuwait Investment Author- ity, Qatar … The Abu Dhabi Investment Authority's recent $7.5 billion investment in Citigroup prompted … benchmark seri- ously, a policy of encouraging SWFs to invest in well …


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