Kuwait Investment Authority

Kuwait Investment Authority

The Kuwait Investment Authority (KIA) is Kuwait's sovereign wealth fund managing body, specializing in local and foreign investment. It was founded to manage the funds of the Kuwaiti Government in light of financial surpluses after the discovery of oil.

Today, KIA manages the Kuwait General Reserve Fund, the Kuwait Future Generations Fund, as well as any other moneys committed by the Ministry of Finance.

To put KIA's size into perspective, the Kuwait Future Generations Fund has 10% of annual oil revenues added to it. As of fiscal year 2004/2005, the annual contribution to the Kuwait Future Generations Fund was valued at 896.24 million Kuwaiti dinars (USD$3.07 billion).

KIA's board of directors is headed by the Minister of Finance, with other seats allocated to the Energy Minister, Governor of the Central Bank of Kuwait, Undersecretary of the Ministry of Finance, and 5 other nationals who are experts in the field, 3 of which should not hold any other public office.

KIA is estimated to hold in excess of $200 billion of assets, and is reportedly one of the largest Sovereign Wealth Funds in the World.

Some of the Investments around the world are:

*Finance House - a 24.1 % stake acquired

*Arab Insurance - a 12.5 % stake acquired

*Daimler AG - a 7.6 % stake acquired

*Citigroup - a 6.0 % stake acquired

ee also

*Economy of Kuwait

External links

* [http://www.kia.gov.kw/kia/ Kuwait Investment Authority]
* [http://www.mof.gov.kw/ Kuwait Ministry of Finance]
* [http://www.mof.gov.kw/rprt-2005.pdf Kuwait Investment Authority 2004/2005 Annual Report]
* [http://www.swfinstitute.org/fund/kuwait.php SWF Institute] Profile on KIA

Wikimedia Foundation. 2010.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Kuwait Investment Authority — Die Kuwait Investment Authority (KIA) ist eine zentrale Behörde der Regierung Kuwaits, die die Oberaufsicht über verschiedene Staatsfonds hat, von denen die beiden größten Investmentfonds alleine eine Größe von über 400 Milliarden US Dollar… …   Deutsch Wikipedia

  • Kuwait Investment Authority — El Kuwait Investment Authority (KIA) es el fondo soberano de inversión de Kuwait (el primero en el mundo), es una entidad gestora, que se especializa en la inversión local y extranjera. Fue fundado para gestionar los fondos del Gobierno de Kuwait …   Wikipedia Español

  • 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 …   Investment dictionary

  • Kuwait Investment Authority — Le Kuwait Investment Authority (KIA) est un fonds souverain koweïtien gérant les excédents budgétaires de l État koweïtien, liés principalement aux exportations d hydrocarbures. Créé en 1953 sous le nom de Kuwait Investment Board, il devient… …   Wikipédia en Français

  • Kuwait — /koo wayt /, n. 1. a sovereign monarchy in NE Arabia, on the NW coast of the Persian Gulf: formerly a British protectorate. 2,076,805; ab. 8000 sq. mi. (20,720 sq. km). 2. a seaport in and the capital of this monarchy. 800,000. Also, Koweit. * *… …   Universalium

  • Kuwait — Kuweit * * * Ku|wait ; s: Staat am Persischen Golf. * * * I Kuwait,     Kurzinformation:   Fläche: 17 818 km2   …   Universal-Lexikon

  • Kuwait Fund for Arab Economic Development — Infobox company name = Kuwait Fund for Arab Economic Development type = Government owned companies, State of Kuwait, Ministry of Finance industry = Development, Banking foundation = Kuwait City, Kuwait (1961) location = Kuwait City, Kuwait… …   Wikipedia

  • Emirates Investment Authority - EIA — A state owned investment fund established in 2007 by the United Arab Emirates government to invest in more than 30 corporations of the Gulf Cooperation Council (GCC). EIA’s stated goals as a sovereign wealth fund are to achieve investment… …   Investment dictionary

  • Economy of Kuwait — Kuwait is a small, relatively open economy with proven crude oil reserves of about 96 billion barrels (15 km³), i.e. about 10% of world reserves. Petroleum accounts for nearly half of GDP, 90% of export revenues, and 5% of government income.… …   Wikipedia

  • List of Kuwait-related topics — This page list topics related to Kuwait. NOTOC 0 9*1983 Kuwait bombingsA*Armenians in KuwaitBC*Christianity in Kuwait *Culture of KuwaitD*Demographics of Kuwait *Districts of KuwaitE*Economy of Kuwait *Elections in Kuwait F*Flag of Kuwait… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”