Kuwait: Ghanem Suleiman Al-Ghenaiman has been appointed managing director of the Kuwait Investment Authority by the fund’s newly installed board.

The KIA is Kuwait’s largest sovereign wealth fund. It had been without a full board since April 2021, when five board members’ terms expired, including former managing director Farouk Bastaki.

By Kuwaiti law, the country’s ruling emir, Nawaf Al-Ahmad Al-Jaber Al-Sabah appoints the fund’s board. The nine-member board in turn chooses one of its members