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Sovereign Wealth Funds Briefing - Categorized | Financials

KIA manages assets over $290 bln

Posted on 08 June 2011

Kuwait Investment Authority (KIA), the Gulf state’s sovereign wealth fund, has assets in excess of $290 billion, Kuwaiti parliamentarians said on Tuesday. Kuwait’s Parliament held a closed session on Tuesday to discuss the country’s financial position. The session was attended by the Managing Director of KIA Bader Al-Saad.
KIA owns stakes in companies like Citigroup, Daimler AG and Agricultural Bank of China………………………………………..Full Article: Source


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