Kuwait’s sovereign fund reveals growth, maintains global ranking

Kuwait’s sovereign fund reveals growth, maintains global ranking

KUWAIT CITY, March 9: Recent figures released by the Sovereign Wealth Fund Institute (SWFI) reveal a substantial 15% surge in the assets of Kuwait’s sovereign fund managed by the General Investment Authority, reports Al-Rai daily. The fund’s value has soared from $803 billion in July 2023 to $923.45 billion currently, marked by 811 transactions. Despite …

<p>The post Kuwait’s sovereign fund reveals growth, maintains global ranking first appeared on ARAB TIMES - KUWAIT NEWS.</p>KUWAIT CITY, March 9: Recent figures released by the Sovereign Wealth Fund Institute (SWFI) reveal a substantial 15% surge in the assets of Kuwait’s sovereign fund managed by the General Investment Authority, reports Al-Rai daily. The fund’s value has soared from $803 billion in July 2023 to $923.45 billion currently, marked by 811 transactions. Despite this remarkable growth, Kuwait’s Sovereign Fund, known as “Future Generations,” maintains its fifth position among the world’s largest sovereign wealth funds in terms of asset size. It follows behind prominent funds such as the Norwegian Government Pension Fund, with assets totaling $1.648 trillion, and the Chinese Investment Corporation at $1.35 trillion. Additionally, the State Monetary Administration of China holds $1.09 trillion, while the Abu Dhabi Investment Authority manages assets worth $993 billion. The