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KPC

Kuwait sovereign fund to get over $1.8bn per year from KPC
World

Kuwait sovereign fund to get over $1.8bn per year from KPC

  • KPC has owed for years about 7 billion Kuwaiti dinars in dividends to the General Reserve Fund (GRF), one of Kuwait's sovereign funds, tasked with covering budget deficits.
  • GRF and KPC had agreed a repayment schedule in recent years, but GRF wanted to review it and accelerate it as part of government efforts to cover the deficit, sources have previously told Reuters.
Published 26 Apr, 2021 06:09pm
Kuwait wealth fund in talks with KPC on $20bn-plus dividends
Markets

Kuwait wealth fund in talks with KPC on $20bn-plus dividends

  • KPC has owed for years about 7 billion Kuwaiti dinars ($23.14 billion) in dividends to the General Reserve Fund (GRF), one of Kuwait's sovereign funds.
  • GRF and KPC agreed in recent years a repayment schedule, but GRF now wants to review it and accelerate it as part of government efforts to cover the deficit, said the sources.
Published 02 Mar, 2021 09:17pm