KFAS was founded in 1976. It was established by an Amiri Decree issued by the late Amir of Kuwait, H. H. Sheikh Jaber Al Ahmed Al Sabah. He turned a long-term vision to advance science and technology in the country, into a reality with the establishment of KFAS.
KFAS is a private non-profit organization, funded by Kuwait’s private shareholding companies. The companies contribute 1 percent of their annual net profit to the Foundation.