Objectives
1. KIA aims to achieve a rate of return on its investment that, on a three-year rolling average, exceeds its composite benchmarks by:
§ Designing and maintaining an asset allocation consistent with its mandated return and risk objectives.
§ Selecting investments and investment managers with the ability to outperform the respective index for each asset class.
§ Making tactical changes to the asset allocation without adversely altering the aggregate so as to benefit from emerging economic and market trends.
2. KIA endeavors to be a world-class investment management organization committed to continuous improvement in the way it conducts business by:
§ Holding itself to performance standards comparable with those of its peer group of large investment bodies, endowments or pension funds worldwide.
§ Staying properly informed of best practices in the investment community through continuous training and development of its staff.
§ Developing and maintaining an organizational culture that is dynamic and motivates personnel to constantly seek improvement in the investment process.
3. KIA is committed to the excellence of the private sector in Kuwait while ensuring that it does not compete with or substitute for it in any field. Towards this goal, KIA will:
§ Contribute to the formation of human capital in Kuwait by attracting talented and ambitious young Kuwaitis and training and preparing them to become the best investment professionals in the market.
§ Participate in the growth of the investment sector in Kuwait by doing business with the best performing companies and investing in their creative ideas.
§ Reinforce sound corporate governance, transparency in all operations, and fair business dealings in Kuwait by holding our business associates and portfolio companies to the highest ethical standards.
Strategy and Action Plan
The circumstances faced by Kuwait in recent years following the Iraqi invasion ushered in a drastic change in the State reserve. These circumstances forced a new strategy, characterized by flexibility, professionalism and adaptability with respect to the constant fluctuation in international financial markets.
After liberation, Kuwait faced the battle of reconstruction. Various economic sectors were rehabilitated and essential facilities were rebuilt within record time.
Economic stability indicators gradually returned to normal in 1993 compared to pre-invasion years, which enabled KIA to undertake a comprehensive review of its strategy in light of the changes in its portfolio within international financial and economic constraints.
KIA's new strategy also emphasizes the importance of developing and training nationals in various investment fields, thereby enabling KIA to continue its pioneering work in developing finance/investment professionals.
KIA contributes to the formation of human capital in Kuwait by attracting talented and ambitious young Kuwaitis and training and preparing them to become the best investment professionals the market can offer.