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Kuwait’s KFH liquidates Turkey real estate fund

Posted on 13 December 2010

From Arabianbusiness.com: Kuwait Finance House (KFH), the country’s biggest Islamic lender, reported a net profit of $10m following the liquidation of a real estate fund targeting the Turkish market.

KFH said in a statement on Saturday that the liquidation process had realised a return on investment of 14 percent, or $10m. The size of the fund, which was established in 2004, was not disclosed…………………………………….Full Article: Source

 
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