#Kuwait Investment Authority

Kuwait names Al-Ghunaiman to head $700bn wealth fund

Al-Ghunaiman replaces Farouk Bastaki, who helped to propel the Kuwait Investment Authority to rank among the world’s biggest wealth funds

World’s oldest wealth fund swells to record and cracks the top 3

The Future Generations Fund, managed by Kuwait Investment Authority, has risen to a record of about $700bn

Kuwait seeks approval to use wealth fund to finance deficit

The government’s also attempting to push through parliament legislation allowing it to tap international bond markets

Kuwait’s wealth fund on standby as oil price, virus hit finances

By law, 10 per cent of state revenue is annually transferred into the Future Generations Fund, which invests abroad and has adequate liquidity to meet any requirement

The world’s 10 biggest sovereign wealth funds

A drop in oil prices this year suggests that hydrocarbon-funded SWFs are under pressure