ALBAWABA – KIA has hundreds of billions in assets in London, under the management of the Kuwait Investment Authority’s (KIA) London arm in the United Kingdom (UK), as of August 29, Bloomberg reported.
Chairman of the sovereign wealth Saad al-Barrak said KIA’s London arm manages $250 billion in assets, which have grown from $27 billion in 2003, according to Bloomberg.
KIA’s London arm manages $250 billion in assets, which have grown from $27 billion in 2003 - Shutterstock
Barrak, during the ceremony marking the Kuwait Investment Office’s 70th anniversary in London, said Kuwaiti investments in the UK rose from $9 billion some 20 years ago to $42 billion, as of 2023.
The KIO is part of the KIA, which also manages the Future Generations Fund, estimated at over $700 billion, as well as the General Reserve Fund, or treasury.
Kuwait’s wealth fund, KIA, was established in 1982 as the parent entity of the KIO, which was set up to replace the Kuwait Investment Board, established in London in 1953.
The KIO mainly invests directly and predominantly in public equities and fixed income, as well as in alternative assets such as real estate and private equity.
