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.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.