Kuwait Premier to Attend KIO 60th Anniversary Celebrations in London
LONDON, June 25, 2013 /PRNewswire/ –
The Kuwait Prime Minister H.H. Sheikh Jaber al Mubarak Al Sabah is to be the guest of
honour at the 60th anniversary lunch of the Kuwait Investment Office [KIO] at The
Guildhall in the City of London on Friday June 28th. The Lord Mayor Alderman Roger Gifford
will be welcoming the Prime Minister at the entrance of The Guildhall and the lunch will
be attended by more than 400 leading global financiers and industry leaders and will be
held under His Highness patronage. The parent of the KIO, the Kuwait Investment Authority
[KIA], is the world’s oldest sovereign wealth fund and still one of the largest.
The lunch will be hosted by the Chairman and the Board of Directors of the KIA. Bader
Mohammed Al Sa’ad, the Managing Director of the KIA, and Osama Al-Ayoub the President and
Chief Executive of the KIO, will be receiving the guests. Osama Al-Ayoub said: “It is a
very great privilege for us to have H.H. the Prime Minister honour us with his presence on
this occasion which serves to highlight the significance that is attached by His Highness
to the role of KIA in managing the country reserves”.
The KIO is the main investment arm and the flagship of the KIA. It is a major investor
in the British economy as well as globally across many asset classes. The KIO is
responsible for investing a significant portion of the future generations fund of Kuwait.
The KIO was established in 1953 when H.H. Sheikh Abdullah Al Salem Al Sabah, the Amir
of Kuwait at that time, signed an agreement with the Political Agent of Great Britain to
Kuwait, creating the Kuwait Investment Board in the City of London. In 1965, the KIB was
renamed as the Kuwait Investment Office. During the 1990 invasion and the 1991 liberation
of Kuwait, the KIO played a crucial role in funding the Kuwait government in exile as well
as hosting various Kuwaiti financial institutions. KIO’s role in Kuwait’s liberation and
reconstruction was vital in Kuwait’s quick recovery.
SOURCE Kuwait Investment Office [KIO]