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اللغة العربية
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Training opportunity for fresh Kuwaitis graduate
Provide scholarships for a master's degree in business administration (MBA)
MBA Scholarships
Fresh Graduate Training Program
ABOUT KIA
Overview
Mission Statement
Objectives
Principles
Overview Of Funds
Overview
General Reserve Fund (GRF)
Future Generations Fund (FGF)
Institutional Arrangements
Investment Policy Framework
Transparency
IFSWF: The origin of Santiago Principles
IFSWF: KIA’s Compliance of the Santiago Principles
KIA’s Implementation of the Santiago Principles 2016
Case Study: KIA’s Success, Transparency & Accountability 2016
KIA’s Implementation of the Santiago Principles 2014
One Planet Sovereign Wealth Fund Framework
GOVERNANCE STRUCTURE
Overview
KIA Law 47/1982
FGF 106/1976
GRF
ORGANIZATION STRUCTURE
Overview
Board of Directors
Chairmen of KIA
Managing Directors
Executive Management
SECTORS
KIO
History
Identity
Objectives
Structure
Support Areas
KIO Chronology
KIRO
Planning and Senior Management Support
Overview
Strategy and Planning
Training
Committee Support
Risk and Performance Monitoring
Information and Public Relations
General Reserves
Overview
Equities
Institution & New Projects
Real Estate
Loans
Follow Up
Marketable Securities
Equitie
Overview
North American Equity Division (NAD)
European Equity Division (EED)
Asian Equity Division (AED)
Emerging Equity Division (EED)
Fixed Income
Treasury
Alternative Investments
Overview
Private Equity
Real Estate and Infrastructure
Hedge Funds
Operations & Administration
Investment Accounts
Administration & Financial
Information Technology
Internal Audit
Debt Settlement Office
Legal and Compliance
PRESS ROOM
Newsletter
Gallery
Photos
Videos
Press Releases
Speeches by the Managing Director
ANNOUNCEMENTS
CONTACT US
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Invest the Future
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DAIMLER 40th anniversay
×
60 Years Anniversary
Page Content
Future Generations Fund (FGF)
The FGF was created in 1976 by transferring 50% from the GRF at that time. In addition, a minimum of 10% of all state revenues are transferred to the FGF on an annual basis and all investment income is reinvested.
The FGF consists of investments outside Kuwait based on an approved Strategic Asset Allocation in various asset classes. KIA's asset allocation process is based on World GDP contributions and Market Capitalizations as well as various other tasks such as investment regulations (including tax system) and potential for future growth. Exceptions to this rule are those countries where the weighting was skewed due to core holdings such as BP and Daimler.
By law, a minimum of 10% of the all State revenues as well as 10% of the net GRF income are transferred to the FGF annually. All proceeds from the FGF's investments are reinvested again by law and any transfer from the FGF requires a specific legislation authorizing any withdrawal.
The FGF is the intergenerational saving platform
managed by the KIA.
The FGF has a KIA Board approved investment strategy that outlines the guidelines in parallel with the risk and return objectives of the fund.
The investment strategy is regularly reviewed and updated based on the changing economic and financial factors and expectations.
The FGF is a long term investor in various asset classes ranging from more traditional assets such as equities and bonds to alternatives such as private equity, real estate and infrastructure.
The FGF assets are managed by KIA's Kuwait and London offices based on the Board approved split.