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- Dubai 04:56 06:10 12:26 15:53 18:37 19:52
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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