| Kuwaiti firm to establish new bank in Iraq |
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| Posted: 15-02-2005 , 14:02 GMT |
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Aa’yan Leasing and Investments Company is going to establish a bank in Iraq
within the next few weeks, with a capital of 12 million Kuwaiti Dinars. According to the Kuwaiti newspaper, <i>Al-Qabas</i>, A’ayan will hold 35% of the bank's capital, while Iraqi strategic investors will hold 51%. Another investor will hold the remaining 14%. The bank will operate according the Islamic Sharia’a (Islamic Law), and will act as a general investments bank, which will serve Aa’yan and other Kuwaiti business in Iraq.
The bank will rely on Aa’yan experience in several areas; among them are leasing, estates administration, and logistic activities concerning transportation
© 2005 Mena Report (www.menareport.com) |
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| Opinions - there is one Opinion for this article |
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todays life |
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sami, usa america, (2005-05-03 , 17:53) - Reply |
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i think todays life would be better if there was a bill passed to state that one person my not enter a state/country without permission thats wat i think i respect everyone even know i am as i am born an american but i have lots of friends around the world i think this site is cool sincerely,
samantha jean nae J |
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