KIA Speaks Up on FY 2016 Returns

Posted on 05/23/2017

The Kuwait Investment Authority (KIA) announced that recent press saying the fund lost US$ 6 billion for 2016 was untrue. The KIA had revealed that losses for fiscal year 2016 were 312 million KWD (US$ 1.02) billion which was amounted to 0.2% of total assets managed by the KIA. The Kuwait News Agency also revealed […]