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FINANCIAL NEWS
Kuwait’s KIA held USD261b in assets in March 2012: Paper
13 Jan 2013
(MENAFN) Kuwait Investment Authority (KIA) the rainy day fund for the Gulf state, had assets worth more than USD261 billion at the end of March last year, Reuters reported, citing local media.
Al Qabas newspaper said 47 percent of the Future Generations Fund, in which the government puts a percentage of its annual revenues, was invested in stocks.
In September last year, OPEC member Kuwait decided to increase its contribution to the fund to 25 percent of the annual revenues, from 10 percent previously.
The fund, which invests outside Kuwait, was set up in 1976 and all investment income is reinvested. It is meant to provide for future generations in a country where more than half of nationals are under 25.
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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