Qatar First Investment Bank ( QFIB ), Qatar’s first independent Sharia compliant investment bank authorized by the QFC Regulatory Authority, and Kuwait Energy, one of the fastest growing independent oil and gas exploration and production companies in the Middle East, announced today the signing of a $150 million strategic investment agreement.
The deal is structured in the form of a Convertible Murabaha which will be utilized to support Kuwait Energy’s ongoing expansion and growth plans and facilitate its continuous emergence as a leading independent player in the oil and gas exploration and production sector………………………………………..Full Article: Source