Public Institution for Social Security Fund
The Public Institution For Social Security is the public pension fund of the state of Kuwait. It was founded in 1976 and counts 11 subsidiaries and 45 documented transactions. In 2021, its cash reserves accounted to 4% of its investments down from 11.5% in 2020.
The current worth of the assets of the PIFSS is estimated at $134 billion. It recorded its best ever annual performance year in 2021, recording a 20.9% growth in its assets.