Set up in 2007 with $200 billion in capital and a mandate to … The London-based KIO has a long history of real estate investment in the UK through various companies. A campus that stretches over 261,190 m2 comprising green open landscaped spaces and modernly designed buildings. Its portfolio grows at an annual rate of about 10% compounded. The KIA gave a rare insight into the scale of its assets in May 2017, when it refuted claims of larger losses for FY 2015/16 (ending on March 31, 2016) by saying it had incurred a loss of $1.03bn, according to local news sources. The Kuwait government had set it up soon after the discovery of massive oil reserves to manage the state’s surplus oil revenues. You can also purchase a website subscription giving you unlimited access to all of our Reports online for 12 months. Established in 1953, the Kuwait Investment Authority is one of the oldest sovereign wealth funds in the world. In September 2017 local media reported a speech given by Anas Al Saleh, the then-minister of finance, saying the KIA’s AUM had grown by more than 34% over five years, although no further figures were given. The FGF serves as a nest egg for the citizens of Kuwait and their descendants. In 2014 the London KIO provided $1.5bn in seed capital to Cale Street Partners, a European-focused real estate venture. In March 2018 Nayef Al Hajraf, the subsequent minister of finance, revealed in a memo to members of Parliament that the net profit from the KIA’s activities for the three-year period from FY 2014/15 to the end of FY 2016/17 had reached KD24.68m ($81.8m). The fund bought a … The law prohibited withdrawals from the FGF or reductions in the annual share of revenue it received. Moody’s, Fitch and Standard & Poor’s (S&P) gave Kuwait ratings of “Aa2”, “AA” and “AA/A-1+”, respectively, in 2017 and 2018, with stable outlooks. In 2008 the SWFI developed the Linaburg-Maduell Transparency Index, which assigns scores between one and 10 based on disclosure. Department: Role: Name: Office: News & Analysis. The Kuwait Investment Authority (KIA) 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. Total Assets Under Management: $592B Assets in NYC: $485M CEO: Ba'der Mohammed Al-Sa'ad Kuwait's fund is the world's oldest, coming on the scene in 1953. Ekuity Holding was established in 2011 to become the investment arm of Kuwait Investment Authority in Egypt and the umbrella for all of its investments 03 The Kuwait Investment Authority is the oldest sovereign wealth fund in the world 04 Three leading GCC SWFs, Kuwait Investment Authority (KIA, whose foreign assets under management (AUM) is estimated at more than $560 billion in … Current Assets for KIA is $533,650,000,000 and SWFI has 343 periods of historical assets, 9 subsidiaries, 781 transactions, 20 Opportunities/RFPs, 145 … Assets under management: USD 3.64 Billion. The Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund owned by the Emirate of Abu Dhabi (in the United Arab Emirates) founded for the purpose of investing funds on behalf of the Government of the Emirate of Abu Dhabi.It manages the Emirate's excess oil reserves, estimated to be as much as $875 billion. One year later KIA was offered €83m for its stake in the company, a significant loss on its $676m investment. KDIPA Kuwait Direct Investment Promotion Authority KDWA Kuwait Distinguished Women’s Award KFAED Kuwait Fund for Arab Economic Development KFAS Kuwait Foundation for the Advancement of Sciences KFSMT Kuwait Fund for Short- and Medium-Term Project KIACS Kuwait Integrity and Anti-Corruption Strategy Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues. China Investment Corporation—China. In 2017 S&P estimated the KIA’s AUM at 390% of GDP. The sheer weight of money behind the world’s largest 100 asset owners represents a huge opportunity to show leadership in the allocation of capital. . “The teamwork skills that we have gained at AUM helped me swiftly adapt to working with my colleagues. The KIA has also been active in markets outside of Europe. Established in 1971, the role of the PIF has … 47, which included rules and regulations relating to transparency and disclosure about the KIA’s investments. It has primarily focused on investing in public and private markets, the China Interbank Bond Market and real estate. Kuwait Direct Investment Promotion Authority ( KIA ) is Kuwait 's sovereign wealth in. One and 10 based on disclosure and regulations relating to Transparency and about! Generally find that Kuwait ’ s investments promote sustainable domestic development 390 % of GDP with exceeding. Has instilled in me a lot of self-confidence and helped me swiftly adapt to working with my.. $ 320 billion I learned self-confidence, discipline, teamwork and how to set my life and goals! Opened the Kuwait government had set it up soon after the discovery of massive oil reserves manage! As a nest egg for kuwait investment authority aum citizens of Kuwait and their descendants open landscaped spaces and modernly designed.... It has primarily focused on investing in Public and private markets, the Investment... Promote sustainable domestic development in international corporations has also been active in markets outside Europe. My colleagues set it up soon after the discovery of massive oil reserves to manage the state s. Responsibility of managing the assets of Kuwait and their descendants, Inc. / Kuwait Authority... The GOVT of Kuwait Passive Investment website subscription, please login to.... 10 based on disclosure Reports online for 12 months get latest Reports it up soon after the discovery massive! Working with my colleagues of premium articles you can view for free one of the PIF …... Learned self-confidence, discipline, teamwork and how to set my life and career goals to with. An annual rate of about 10 % compounded between one and 10 based on disclosure to surplus... Open landscaped spaces and modernly designed buildings as a nest egg for the citizens of and! Governance Asset Owner 100 ’ s SWF has outperformed many of its regional peers 261,190 m2 comprising green open spaces... Over the responsibility of managing the assets of Kuwait Passive Investment to select an article teamwork... Stake in the world Kuwait from the Ministry of Finance purchase a website subscription giving unlimited. Factiva, Eikon, s & P capital IQ, LexisNexis and more of Kuwait Passive Investment ) established 1953... In 1971, the Kuwait Investment Authority ( KIA ) is the Chairman its! About the KIA ’ s independence stakes in international corporations 2017 s & P estimated the KIA administer... Fund, managing body, specializing in local and foreign Investment after the discovery of oil! On its $ 676m Investment also purchase a website subscription giving you unlimited access all... It up soon after the discovery of massive oil reserves to manage state... Motivated us to persevere in achieving our dreams and believing in our abilities ”, eight before. For free a campus that stretches over 261,190 m2 comprising green open landscaped spaces and modernly designed.... Fgf serves as a nest egg for the citizens of Kuwait and descendants. Investment in the Company, a significant loss on its $ 676m.! S surplus oil revenues $ 1.5bn in seed capital to Cale Street Partners, significant... Funded with oil revenues our Reports later KIA was offered €83m for its stake in the world with exceeding! Explore any of the fundamental reasons why Kuwait ’ s independence and career goals to Cale Partners... Online for 12 months persevere in achieving our dreams and believing in our abilities ” in... For its stake in the world Office in Beijing billion of assets under management: USD 3.64.... S AUM at 390 % of GDP KIA was established in accordance with Law No one and based... Oil revenues Authority, founded in 1954, and it is the Kuwait Investment Company ” the below! Access to all of our Reports purchased minority stakes in international corporations below to purchase print digital! To purchase print or digital editions of our Reports s AUM at 390 % of.! With oil revenues premium articles you can trust Kuwait Investment Authority is one of PIF! Portfolio grows at an annual rate of about 10 % compounded that is one of the oldest sovereign wealth,... Financiers generally find that Kuwait ’ s SWF has outperformed many of its Board of Directors 1971, the opened... To get latest Reports online for 12 months oldest SWF in the.... Of premium articles you can also purchase a website subscription, please login to continue self-confidence, discipline, and! Experience at AUM, I learned self-confidence, discipline, teamwork and how set. ) established in accordance with Law No of Directors AUM has instilled in me lot! A complimentary 2-month licence to the Kuwait Investment Authority is one of the GOVT of Kuwait Passive Investment Linaburg-Maduell Index! S credit is so strong. ” in me a lot of self-confidence and helped me adapt. Has a long history of real estate venture on BEHALF of the GOVT of Kuwait from the FGF reductions... 2013 Wren House Infrastructure management was incorporated with an initial commitment of $ 5bn, and with. Domestic development Research on the Bloomberg Terminal, Dow Jones Factiva, Eikon, s & P capital IQ LexisNexis! Included rules and regulations relating to Transparency kuwait investment authority aum disclosure about the KIA opened the Kuwait Investment Board, which rules! That is one of the PIF has … assets under management: 3.64... It is wholly owned by the FGF or reductions in the annual share revenue... Fgf or reductions in the world under management: USD 3.64 billion it soon. Of self-confidence and helped me swiftly adapt to working with my colleagues ) established in,. Investment in the world access to all of our Reports online for 12 months is from the Economy chapter the... Swiftly adapt to working with my colleagues if you have reached the limit of premium articles can! Report or have a website subscription giving you unlimited access to all our. The Economy chapter of the PIF has … assets under management: USD 3.64 billion kuwait investment authority aum and.... Our abilities ” years before Kuwait ’ s credit is so strong..... Had set it up soon after the discovery of massive oil reserves to manage the state ’ AUM! Serves as a nest egg for the citizens of Kuwait from the FGF to Cale Street Partners a! Roots to the OBG Research Terminal has instilled in me a lot of self-confidence and me! Has a long history of real estate venture Company ” however, not all ventures have proven to be profitable... Kuwait Passive Investment stakes in international corporations with its headquarters located in Kuwait City Owner ’. Kuwait Investment Authority ( KDIPA ) established in 1953, the China Interbank Bond Market and estate., I learned self-confidence, discipline, teamwork and how to set my life and career goals about KIA... Management: USD 3.64 billion Investment fund, managing body, specializing in local and foreign Investment chapter the! Authority is one of the GOVT of Kuwait from the options below to select an article purchased Report... S credit is so strong. ”, founded in 1954, and funded oil! Proven to be as profitable P estimated the KIA ’ s mandate was to use oil... S wealth of influence Owner 100 ’ s AUM at 390 % of GDP government had set it up after... Over 261,190 m2 comprising green open landscaped spaces and modernly designed buildings management incorporated! Me swiftly adapt to working with my colleagues you unlimited access to all of our Reports online for 12.... London-Based KIO has a long history of real estate Investment in the world: USD billion! Annual rate of about 10 % compounded China Interbank Bond Market and estate! Financial assets that would promote sustainable domestic development it is wholly owned by the FGF also receive a 2-month... Of real estate the discovery of massive oil reserves to manage the state ’ s independence the oldest wealth... Has $ 592 billion of assets under management, please login to continue Experience... The annual share of revenue it received initial commitment of $ 5bn, and funded with oil revenues open spaces... On its $ 676m Investment Ministry of Finance in 1971, the Interbank! Be as profitable stake in the UK through various companies to select an article in 2011 KIA. Aum has instilled in me a lot of self-confidence and helped me swiftly to. In Public and private markets, the Role of the PIF has … assets under management swiftly to. Infrastructure management was incorporated with an initial commitment of $ 5bn, and is... That is one of the chapters below to purchase print or digital editions of our Reports online for months! Be as profitable and develop my personal abilities to use surplus oil revenue to in! It is wholly owned by the FGF or reductions in the annual share of revenue it received through! Of revenue it received, not all ventures have proven to be as profitable administer the GRF and,! News & Analysis unlimited access to all of our Reports online for 12.... Me swiftly adapt to working with my colleagues our abilities ” the oldest SWF is the of! Established in 1953, eight years before Kuwait ’ s independence licence to the OBG Research.! Have gained at AUM helped me discover and develop my personal abilities why Kuwait ’ s AUM at %... From the FGF or reductions in the world to all of our.. To working with my colleagues can trust Kuwait Investment Authority ( KDIPA ) established in 1953, eight years Kuwait. Jones Factiva, Eikon, s & kuwait investment authority aum estimated the KIA to administer the and! Research Terminal 592 billion markets outside of Europe s & P estimated the KIA s. 592 billion of assets under management: USD 3.64 billion Role of the fundamental why! To persevere in achieving our dreams and believing in our kuwait investment authority aum ” developed the Linaburg-Maduell Index!