Public Institution for Social Security Fund
Public pension fund of Kuwait
From Wikipedia, the free encyclopedia
The Public Institution For Social Security (PIFSS; Arabic: المؤسسة العامة للتأمينات الاجتماعية) is the public pension fund of the state of Kuwait. It was founded in 1976 and counts 11 subsidiaries and 45 documented transactions.[1] In 2021, its cash reserves accounted to 4% of its investments down from 11.5% in 2020.[2]
المؤسسة العامة للتأمينات الاجتماعية | |
| |
| Formation | 1976 |
|---|---|
| Headquarters | Kuwait City, Kuwait |
Director general | Meshal Al-Othman |
| Website | www |
The current worth of the assets of the PIFSS is estimated at $134 billion.[1] It recorded its best ever annual performance year in 2021, recording a 20.9% growth in its assets.[3][4]
In 2026 the main branch of PIFSS has been struck by Iran in its retaliation strikes.
Investments
The pension fund owns 25% of the U.S. private equity firm Stone Point Capital, 25% of Oak Hill Advisors and 10% of TowerBrook Capital Partners.[5]