Absolutely no decline of assets' value -- PIA

KUWAIT, Nov 6 (KUNA) -- The Public Investment Authority (PIA) denied claims on social media about decline of the sovereign fund assets' value.
Figures and data, posted on the social media, are estimates by un-informed foreign entities that do not reflect the actual performance of the PIA assets portfolio, examined by the National Assembly during a session about the state financial status, on March 31, 2007 -- which was the highest in Kuwait's history, it said in a statement.
Since then, there has been no drop in the assets' value; instead there has been noticeable growth, buoyed by the PIA performance.
The PIA performance is subject to examination by the state audit bodies. It is also scrutinized by the National Assembly (the Parliament), annually. (end) ysa.rk