The Kuwait Investment Authority is an independent government organization that handles the management and administration for various funds that is owned by the Minister of Finance for the behalf of the state of Kuwait. Some of the funds the KIA manages includes, the General Reserve Fund (GRF) and assets of the Future Generations Fund (FGF).
The Kuwait Investment Authority (KIA) invests in both international and local Markets with its main office in Kuwait City and a branch office located in London, United Kingdom.
Established in 1953 before the State of Kuwait Independence in 1982, Kuwait Investment Authority (KIA) stands as the oldest fund organization in the world. The government fund body was established to maintain stability in the financial markets. Despite the fact KIA is a long-term investment organization, KIA has the ability to bear risk and keep short-term instability.
Investments from the KIA are transparent to the State of Kuwait, and protect the interests of KIA beneficiaries and the citizens of Kuwait.
The Kuwait Investment Authority also provides reports to parties, such as the KIA board of Directors, Minister of Finance, the independent State Audit Bureau and other parties.
KIA ‘s main objective to achieve a rate of return on investments by maintaining an uncorrelated asset allocation that is consistent with the return and risk objectives of the KIA , and by selecting investments that are more likely to surpass the respective index for every asset class and various other strategies .
The Kuwait Investment Authority (KIA) has a strong and powerful governance structure, with an independent Board of Directors, Managing Director appointed by the board of directors, Executive Committee in charge of monitoring the KIA activities and an independent Audit Department that reports directly to the Chairman of the board.
With Kuwait being a member of the World Trade Organization, the investing opportunities in Kuwait keeps expanding especially since the foreign entities keeps rising.
The KIA work together and interacts with both local and international organization on a regular basis, with an aim to be recognized as the best managed government fund organization.
Both offices , head office of KIA in Kuwait and branch office in London , manages various mandates such as stocks , bonds ,cash assets etc , for leading external fund managers from around the globe . KIA has maintained a strong and healthy business relationship with its clients from various international financial institutions, asset managers and more.
