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QInvest and Fortis set up $200mln shipping fund

Posted on 08 December 2009

From Arabianbusiness.com: Qatari investment bank QInvest is confident of Middle East investor appetite for its joint $200 million shipping fund with Fortis Bank Nederland despite the Dubai debt crisis, QInvest officials said on Monday.

QInvest and Fortis Bank Nederland have each committed $50 million to the five-year mezzanine fund, which will comply with Islamic law and aims to provide financing to investors and ship owners hit hard by the global downturn……………………………..Full Article: Source

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