Sort code sorting code swift code bic code bank holidays branch address informationgovernment of kuwait investment authority kuwait investment office london government of kuwait investment authority kuwait investment office london sort codes swift codes across all banks in uk. The kuwait investment authority kia is the oldest sovereign wealth fund in the world.
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It is a member of the international forum of sovereign wealth funds and has signed up to the santiago principles on best practice in managing sovereign wealth funds.
Kuwait investment office. Hh sheikh abdullah al salem the amir of kuwait at the time had the vision to build a fund for the future of all kuwaitis. Kia traces its roots to the kuwait investment board which was established in 1953 eight years before kuwait s independence in 1961 in 1982 kia was created by law no. The kuwait investment office kio which is part of the kuwait investment authority was established in 1953 and is the world s first sovereign wealth fund.
Established as the kuwait investment board in february 1953 and later reorganized into the kuwait investment office kio in 1965. 47 as an autonomous governmental body responsible for the management of the assets of the country. Based in the city of london the kio.
Kuwait investment office with no shareholders trustees or parliament to account to a tightly knit group of ministers in kuwait and a handful of professionals in london can suddenly decide to spend 5 billion on a stake in british petroleum or take over huge tracts of spanish industry. Kio s foundation predates the independence of the modern state of kuwait. The kuwait investment authority kia is kuwait s sovereign wealth fund managing body specializing in local and foreign investment it is the 5th largest sovereign wealth fund in the world with assets exceeding 592 billion.
Before monday s decision the kuwait investment office had raised the stakes in the battle by adding a third defendant to the proceedings prashant vithlani its former head of equities.
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