Kuwait Investment Authority

Kuwait Investment Authority
الهيئة العامة للإستثمار
Agency overview
Formed1953 (1953)
HeadquartersAl 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$923.4 billion (March 2024)

The Kuwait Investment Authority (KIA) is the Middle East's oldest sovereign wealth fund, managing the state’s reserve and the state’s future generation fund (FGF).

Founded in 1953, the KIA is the world's oldest sovereign wealth fund.[1] As of October 2023, it is the world's 5th largest sovereign wealth fund with US$803 billion in assets under management.[2]

  1. ^ "World's Oldest Wealth Fund Swells to Record and Cracks the Top 3". Bloomberg. 2 July 2021.
  2. ^ "Kuwait Investment Authority (KIA) - Sovereign Wealth Fund, Kuwait - SWFI". www.swfinstitute.org. Retrieved 2023-06-21.

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