Kuwait Finance House, a Kuwait investment firm , has invested $20 million in China Sewage Plant from its $100 million Al-Fayez Fund for Private Property.
In 2010 overseas markets contributed 43% of the earnings for the investment firm, which is Kuwait's largest Islamic bank. Kuwait Finance House is listed in the Middle East Investors Directory with the code LIP07.
More details from Kuwait Daily News follows
Kuwait Finance house (KFH) called for the third batch of the Al-Fayez fund for Private Property to invest in China Sewage Plant.
In a press statment released here on Monday, Baitek called for the $20 million investment is the third from the $100 million Al-Fayez Fund for Private Property, as part of the investment in industrial projects held in Asia.
Private Banking Services Department Manager Talal Al-Nesif, said the Chinese sewage plant is one of the most profitable deals financed by the fund.
The fund invested in a number of Asian markets including India, China, Malaysia, Singapore and the Philippines, at $60 million from the capital of the fund.
Al-Nesif affirmed that the remaining payment will be invested when a lucrative opportunity arises in any of those markets.
Al-Fayez has seen an increase to its capital by 14 percent (according to a statistics held in June 2010).
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