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MFC plans $600m private equity funds

Posted on 15 December 2008

From Khaleejtimes.com: The Millennium Finance Corporation (MFC) — a Sharia-compliant investment bank — plans to launch three private equity funds with a total value of $600 million, which are expected to close in the first half of next year.

“We are launching three new funds: a Clean Energy Fund, focusing on such renewable energy technologies as wind, solar, and biofuels; an Africa Fund, focusing on investing in sub-Saharan Africa; and a Real Estate Fund,” COO of MFC Ahmad Atwan said….. Full Article: Source

 
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