Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Kuwait’s Net Assets Increase to $296 Billion, Lawmaker Says

Don't Miss Out —
Follow us on:

June 7 (Bloomberg) -- Kuwait’s government assets, managed by the country’s sovereign wealth fund, rose to 81.2 billion dinars ($296 billion) in the fiscal year that ended March 31, from 75.8 billion dinars in the previous year, lawmaker Waleed al-Tabtabai said today.

Al-Tabtabai was speaking to reporters after a closed meeting of parliament to discuss the financial position of the country. Bader Al-Saad, managing director of the Kuwait Investment Authority, attended the meeting.

To contact the reporters on this story: Dahlia Kholaif in Kuwait at dkholaif@bloomberg.net; Fiona MacDonald in Kuwait at fmacdonald4@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.