Does Multi-Billion Asset Transfer Signal Mission Creep for Kuwait's Social Security Fund?

25th August, 2023

The Kuwaiti government’s decision to transfer KWD2.5 billion (US$8.1 billion) of landholdings to the country’s social security fund, instead of its sovereign wealth fund, comes amid long-standing political disputes over the direction of the US$801 billion Kuwait Investment Authority (KIA), one of the world’s biggest and oldest SWFs.

London-based Kuwait Investment Office concludes search for CEO

17th August, 2023

On Wednesday, the Kuwait Investment Authority (KIA) appointed Abdulmohsin Al Mukhaizeem as permanent President and Chief Executive Officer for its London branch, the Kuwait Investment Office (KIO).

Kuwait Plans New SWF to Boost Economic Diversification Amid Political Turbulence

17th July, 2023

Kuwait announced it is launching a new sovereign wealth fund with a strategic domestic economic development mandate, just days after the Minister of Finance quit his post after control of the country’s existing SWF – the US$801 billion Kuwait Investment Authority (KIA) – was transferred to another ministry.

Ethiopia’s EIH and Mauritius’ MIC join Africa’s SWF Club

7th July, 2023

On Thursday and Friday this week, Agaciro Development Fund hosted the second annual meeting of the African Sovereign Investors Forum (ASIF) in Kigali, Rwanda. The Forum was started by Morocco’s Ithmar Capital last year in Rabat in an attempt to increase collaboration among African SWFs, to compare notes of common challenges, and to create appealing, sizeable, Pan-African investment opportunities for foreign (e.g., Middle Eastern) SWFs.

State Investors Cash In Stockholdings for Infrastructure

29th March, 2023

March saw some mega deals and mega sales by sovereign wealth and public pension funds, with significant changes in public market positions as they seek protection from market volatility and high inflation.

Oil Revenue Liquidity Boost for GCC Stock Markets Lifts Gulf Funds

6th October, 2022

While global stock markets are in the doldrums, the energy price hike has fuelled growth in the oil-backed economies in the Arabian Gulf – with sovereign wealth funds receiving a boost in performance.

Abu Dhabi’s ADQ seeks Strategic Position in Oman’s Economy

28th September, 2022

Abu Dhabi’s US$110 billion state-owned investor ADQ is seizing opportunities in Oman worth over US$8 billion and bolstering bilateral economic and political relations, in partnership with the local US$29 billion sovereign wealth fund Oman Investment Authority (OIA).

Rapid Change in Sovereign Investor Leaderships Brings New Faces to the Fore

26th September, 2022

The C-suite churn in sovereign investors has shown no sign of abating this year with a total of 16 new CEOs to date, compared to 20 in the whole of 2021.

QIA Pledges Multi-Billion Investments in Egypt and Pakistan as Gulf States Pursue Soft Power Missions

24th August, 2022

Qatar is a master of punching above its weight in geopolitical and economic terms, using its natural resource wealth to advantage its influence and connections throughout the world.

Saudi Arabia’s PIF Seeks to Land Jumbo British Airport Acquisition

10th August, 2022

Saudi Arabia’s rapidly growing Public Investment Fund (PIF) could become the biggest shareholder in the UK’s busiest airport if it goes ahead with the acquisition of Ferrovial’s 25% stake.

A new SWF Forum is born – will this make any change?

20th June, 2022

Today, nine SWFs from Africa came together in Rabat, Morocco, to sign a new partnership agreement, creating the “African Sovereign Investors Forum (ASIF)”. All of them except for Ghana Infrastructure Investment Fund (GIIF) were already members of IFSWF, and four of them are also part of One Planet SWF Group.

Sovereign Capital Cements Kuwait-Pakistan Relations

10th May, 2022

India has tended to steal the show when it comes to state-owned investors, but a subsidiary of the Kuwait Investment Authority (KIA) has turned its attention to neighbouring Pakistan in a US$750 million agreement to drive its economic development, with renewables at the heart of its strategy.

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