KIO To Be Prosecuted For Unspecified Violations
Posted on 10/17/2023
Finance Minister of Kuwait Fahd Al-Jarallah referred Kuwait Investment Office (KIO), to a prosecutor over unspecified violations. KIO is the London office of Kuwait’s SWF. Kuwait says the alleged violations occurred beteween 2018 and 2022. The allegations were made known over social media site X. The Kuwait Investment Authority is the world’s oldest sovereign wealth fund, managing the state’s reserve and the state’s future generation fund. It was founded in 1953 and has assets US$ 803 billion.
London’s satellite of the Kuwait Investment Office (KIO) recently hired a new CEO for its Wafra International Investment. The CEO is Abdulmohsin Al Mukhaizeem. He came over from NBK Capital Partners, alternative investment firm. The role had been empty for a year.
