Kuwait’s Emir Appoints KIA Bord For Four Years

Kuwait’s emir on Saturday issued a decree appointing the Kuwait Investment Authority’s (KIA) board of directors for four years, the state news agency (KUNA) reported.

The Gulf state’s sovereign wealth fund board consists of Khaled Al – Fadhel, Meshall Jaber Al Sabah, Fahad M AL – Rashed, Faisal Al – Hamad and Ghanem Suleiman Saqr Al – Ghunaimen, KUNA added.

The move was approved by Kuwait’s cabinet on Monday, the newspaper al – Qabas said.

KIA’s previous board tenure expired in April and sources have previously said the delay in appointing new board members was the result of political deadlock.

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