The Board of the International Forum of Sovereign Wealth Funds (IFSWF) on 11 August 2015 approved the application for full IFSWF membership of JSC National Investment Corporation of National Bank of Kazakhstan and Moroccan Fund for Tourism Development.
Mr. Bader M. Al Sa’ad, IFSWF Chair and Managing Director of Kuwait Investment Authority, welcomed the new members and states:
“It is a great pleasure to welcome more members to our global network of sovereign funds. The IFSWF Board notes the willingness of both new members to endorse, on a voluntary basis, the Santiago Principles. We look forward to collaborating with the teams led by Mr. Berik Otemurat, CEO and Chairman of the Executive Board of the National Investment Corporation of National Bank of Kazakhstan and Mr. Tarik Senhaji, CEO of Moroccan Fund for Tourism Development (FMDT - Fonds Marocain de Développement Touristique).”