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KFH Close to Win $1.5 Billion Bahrain Deal-Paper - ASHARQ AL-AWSAT English Archive
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KUWAIT (Reuters) – Islamic lender Kuwait Finance House is close to winning a real estate deal in Bahrain worth $1.5 billion, daily al-Rai said on Sunday.

The project will include the constructing of malls, hotels and clubs on an area of 5 square kilometers on a build-operate-transfer basis for 50 years, the newspaper said in an unsourced report.

Separately, the head of KFH’s international investment department, Emad al-Monee, told the paper the firm was preparing a $100 million financing deal in Singapore.

The project would fund building a petrochemical plant with the government of Singapore and an Indian-Singaporean joint-venture, said al-Monee.

Separetly, al-Seyassah daily said in an unsourced report that an unidentified Saudi investor is in talks to buy a 10 percent stake in KFH.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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