The Kuwait Financing House (KFH) has invested into a $200 million aircraft venture called Malek. The firm has already acquired the first plane for its future 20-aircraft fleet, the Airbus 320, valued at $21.5 million.
KFH is an Islamic bank, offering commercial banking, investment, trade finance and real estate financing services. It has thus far invested a total of $1.5 billion outside the gulf emirate of Kuwait, while adhering to Islamic banking principles. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
