KFH's $20m investment is the third from the $100m Al Fayez Fund for Private Property
Kuwait Finance House, the country’s largest Islamic Bank, will invest $20m in a sewage plant in China.
The $20m investment is the third from the $100m Al Fayez Fund for Private
Property, Talal Al Nesf, the bank’s Private Banking Services Department
Manager, said in an e-mailed statement on Monday.
The Chinese sewage plant
is one of the most profitable deals financed by the fund, Al Nesf said.
The fund has so
far invested $60m in major industrial projects in addition to
the Chinese sewage plant, he added.
The fund invests in a number
of Asian markets including India, China, Malaysia, Singapore and the
Philippines, he said.
The remaining $20m will be invested when a lucrative opportunity arises in any of those markets, Al Nesf said.