KUWAIT INVESTMENT AUTHORITY BUYS SHARES IN MARUTHI SUZUKI

  • 27/01/2022

Kuwait City: The Kuwait Investment Authority (KIA), one of the world's oldest sovereign wealth funds, is investing in India's largest carmaker, Maruti Suzuki. Foreign portfolio investors increased their stake in Maruti Suzuki from 22.52 per cent to 23.6 per cent in the third quarter of the current fiscal, the New India Express reported. 


Investment Authority, Kuwait's largest sovereign wealth fund, also has stakes in Indian companies such as CarTrade Tech, Sun Tech Realty, PVR Limited and PNC Infratech.
The Kuwait Investment Authority oversees the country's future treasury. Ten per cent of the annual income is transferred to this fund annually. 

It was ordered in 1976 by Emir Sheikh Jaber Al Ahmed Al Jaber Al Sabah. Economic diversification and planning for sustainable development is overseen by the Kuwait Investment Authority. IT, Oil, Natural Gas, Manufacturing, Health, Energy and so on. The Kuwait Investment Authority has invested in a number of countries in the game. 

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