Kuwait Investment Co To Launch KD 5 Mln Investment Fund

19/08/2014 12:44 AST

Kuwait Investment Company ponders launching an investment fund in the Gulf finance markets - compatible with the Islamic Shariaa (law). In a statement on Sunday, Bader Nasser Al Subaiee, the company's Chief Executive Officer, said the fund would be launched with an initial capital of KD five million. The company earned KD 5.22 million in end of the year's first half, at a rate of 9.53 fils. Shareholders' equity rose six percent to KD 132.3 million, compared to KD 124.8 million in the past year's first half.


Arab Times

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