Mubasher: Kuwait Fund for Arab Economic Development disclosed its budget proposal for financial year 2018/2019, with estimates to achieve a profit of KWD 158 million ($527.2 million), as reported by Annahar Kuwait Newspaper.
The budget is estimated to generate a revenue of KWD 186 million, while expenses are forecast to reach KWD 28 million.
Kuwait Fund’s revenues are divided as KWD 150 million in investment returns and loan interests worth KWD 36 million, Annahar Kuwait said.
Expenses will be distributed as KWD 16 million wages and KWD 12 million general expenses, the newspaper added.
