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Kuwaiti firm to establish new bank in Iraq
Posted: 15-02-2005 , 14:02 GMT

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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» todays life
  sami, usa america, (2005-05-03 , 17:53) - Reply
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