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About: Public Institution for Social Security Fund     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : dbo:Organisation, within Data Space : dbpedia.org associated with source document(s)

Type: Thingschema:Organizationdul:Agentdul:SocialPersonagentwikidata:Q24229398Organizationorganisation New Facet based on Instances of this Class

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 1955 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.