04 Jul 2013
(MENAFN) Kuwait Investment Authority (KIA) plans to splash USD5 billion on British infrastructure assets over the next three to five years, the Financial Times reported.
The paper cited KIA managing director Bader Al-Saad as saying the Gulf sovereign fund will seek to invest in existing projects in the country that are already creating cash flow.
KIA has more than doubled its investment in Britain over the past 10 years to more than USD24 billion.
Kuwait’s sovereign wealth fund, which manages state assets in the world’s fourth-biggest oil exporter, is the oldest sovereign fund tracked by the SWF Institute with an estimated USD342 billion in assets, one of the world’s largest.
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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