Kuwaith Finance House makes early $250m payment as part of financing deal

09 December 2010

Kuwait Finance House, the country’s biggest Islamic lender, has made an early payment of $250m that was due in March 2011

Kuwait Finance House (KFH), the country’s biggest Islamic lender, has made an early payment of $250m that was due in March 2011. “KFH paid an early instalment worth $250m that was due next March, as part of a Murabaha financing deal with several international and regional banks worth $850m,” KFH said in a statement. The Murabaha deal, secured in 2006, was aimed at financing the lender’s expansion plans and future projects, KFH said.

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