Mubasher: The net profit of the Kuwait Fund For Arab Economic Development reached KWD 212 million ($695.99 million) during the fiscal year 2017/2018.
Around KWD 20 million of the fund’s profit will be allocated to Public Authority for Housing Welfare (PAHW), while the remainder of profit will be included into the fund’s general reserve, according to Al Seyassah newspaper.
The Kuwait Fund’s revenue is expected to reach KWD 39 million, generated from loans provided by the fund, in the fiscal year 2019/2020.
