KIA was founded on 23 February 1953 to manage the funds of the Kuwaiti Government in light of financial surpluses after the discovery of oil. KIA manages the Kuwait General Reserve Fund, the Kuwait Future Generations Fund, as well as any other assets committed by the Ministry of Finance.
KIA's board of directors is headed by the minister of finance with other seats allocated to the Energy Minister, Governor of the Central Bank of Kuwait, Undersecretary of the Ministry of Finance, and 5 other nationals who are experts in the field, 3 of which should not hold any other public office.
KIA is estimated to hold in excess of US$300 billion of assets, and is reportedly one of the largest Sovereign Wealth Funds in the World.
Wren House Infrastructure Management is the infrastructure arm of the sovereign wealth fund.
The company has not participated in any projects.
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