We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Mon 3 Jan 2011 04:22 PM

Font Size

- Aa +

Kuwait Finance House to invest $20m in China sewage plant

KFH's $20m investment is the third from the $100m Al Fayez Fund for Private Property

Kuwait Finance House to invest $20m in China sewage plant
BIG BANK: Kuwait Finance House is the country’s largest Islamic Bank

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.

Arabian Business: why we're going behind a paywall

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.