KFH to sell Bahrain investments

 

Islamic lender Kuwait Finance House plans to sell several investments in Bahrain, Al Watan newspaper said on Sunday.


KFH, Kuwait's biggest lender by market value, plans to release a statement about the deal in the next few days, the paper said in an unsourced report. It did not provide further details.

Separately, the paper said KFH was planning a real estate investment in Bahrain worth $1.5 billion. The plan would consist of several commercial and residential projects on a area of 5,000 square kilometres.

The deal was pending the outcome of studies, it added, citing unidentified sources.

Daily Al Rai said on March 16 KFH was close to securing a real estate deal in Bahrain worth $1.5 billion.

The lender could not be immediately reached for comment. (Reuters)
 
 
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