Kuwait Investment Authority

Kuwait Investment Authority
الهيئة العامة للإستثمار
Agency overview
Formed1953; 71 years ago (1953)
HeadquartersKuwait Investment Authority Tower, Al Asimah
29°21′52″N 47°58′36″E / 29.36444°N 47.97667°E / 29.36444; 47.97667
Agency executives
  • Saad Al Barrak, Chairman
  • Ghanem Al Ghenaiman, Managing Director
Parent agencyMinistry of Finance
Child agency
  • Kuwait Health Assurance Company
WebsiteOfficial website
Kuwait Investment Authority
AUMIncrease US$980 billion (July 2024)

The Kuwait Investment Authority (KIA) is the State owned sovereign wealth fund of the State of Kuwait, managing the state's reserve and the state's future generation fund, also known as "Ajyal Fund".[1]

Founded in 1953, the KIA is the world's oldest sovereign wealth fund.[2][3] As of November 2024, it is the world's 5th largest sovereign wealth fund valued at just under US$1 trillion, with currently US$969 billion assets under management.[4]

  1. ^ Writer, Staff; Times, Arab. "Kuwait Sovereign Fund ranks fifth in world, 2nd regionally". www.zawya.com. Retrieved 2024-11-20.
  2. ^ "World's Oldest Wealth Fund Swells to Record and Cracks the Top 3". Bloomberg. 2 July 2021.
  3. ^ "Kuwait Investment Authority | IFSWF". www.ifswf.org. Retrieved 2024-11-20.
  4. ^ "KIA (Kuwait) - Fund Profile -". globalswf.com. Retrieved 2024-11-20.