New Islamic bank to open in Bahrain
The Kuwait Finance House (KFH) announced the establishment a new Islamic bank in the State of Bahrain, reported ksa Today. The Chairman of the Board of the Kuwait Finance House, Badr Abdul-Mohsen Al-Mekheizem, said that the new Kuwait-Bahrain Finance House will have a capital of 35 million Bahraini dinars ($93 million), and will be wholly financed by the KFH.
Founded in 1977, KFH offers banking, investment, trade finance, commercial and real estate financing services. — (menareport.com)
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