The Kuwait Stock Exchange indices, the national portfolio, achieved a growth rate of 24.7% during 2021, which is a good performance, especially with the process of adjusting the balance of portfolio components after redistributing liquidity according to new ratios among managers.
The Kuwait Investment Authority told a local Arabic daily that it is working to follow up the workflow of all portfolio managers, and to verify the proper application of the controls stipulated in the national portfolio, after many decisions related to the performance of portfolio managers were issued, including:
— Deciding to withdraw completely from the national portfolio managed by a company.
— Issuing a decision to transfer 250 million dinars from the portfolio managed by the Kuwait Investment Company in cash and in kind to the rest of the managers.
— Deciding to transfer 50 million dinars to the Authority.
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