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Sovereign Wealth Funds Briefing - Categorized | Investment

Kuwait fund says more than doubled UK investment in past 10 years

Posted on 01 July 2013

The Kuwait Investment Authority has more than doubled its investment in Britain over the past 10 years to more than $24 billion, Bader Mohammed al-Saad, managing director of the KIA said on Friday.
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 $342 billion in assets, one of the world’s largest. “The KIO now manages more than $120 bln globally compared with only $27 bln 10 years ago,” Saad said…………………………………Full Article: Source


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