Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- KFH-Saudi to serve as financial advisor for Murabaha  Join our daily free Newsletter

MENAFN - Arab Times - 10/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) Murabaha Company inked a deal with Saudi-Kuwaiti Finance House (KFH-Saudi) to serve as its financial advisor, in order to plan and take steps towards the company's goal to offer 30% of its shares for public offering. Such a step underlines the bank's status as a financial consultant for major high profile companies. Murabaha's Vice Chairman Adel Al-Saleb stated after inking the deal, that choosing KFH-Saudi to be the company's financial advisor, was based on several technical and professional criteria, since the bank has high caliber professionals in the field of banking investment services, and public offerings.



Meanwhile, KFH-Saudi CEO Tarek Al-Rekheimi said that Murabaha Company selected the bank to be its financial advisor, which cements the bank's status in offering investment and financial services, in addition to the trust in the Saudi market. He added that the bank will, according to this agreement, offer all financial consultations regarding the evaluation of the company, and the preparation of all documents, as per regulations. He went on to say that the bank works with several Saudi corporations to enlist them in the Saudi market during the coming period. He stressed that the increase in number of companies expected to be offered during the coming period, will play a significant role in reinforcing the Saudi bourse, not to mention opening commercial and financial channels for those companies, in order to diversify forms of financing



It is worth noting that Murabaha Company is one of the high profile companies working in the financing and installments field, where it offers numerous Islamic financial solutions and products, such as Murabaha, Tawarroq, and Ijarah. The company became a closed shareholding company in 2009 with a capital of SR 10 million. In 2012, the company increased its capital to SR 200 million, and now has many branches in Saudi's main cities.



KFH-Saudi is a closed Saudi shareholding company with a fully-paid capital of SR 500, and is owned by Kuwait Finance House (KFH). KFH-Group is considered to be one of the biggest Islamic banks worldwide with assets exceeding 55 billion, and has accumulative experience in structuring and the issuance of Sukuk, in addition to other Islamic financial products, project funding, consolidated Islamic funding, and private investments. KFH has banks in Kuwait, Turkey, Malaysia, Bahrain, Jordan, and Germany, not to mention KFH Real Estate Company in Saudi Arabia with a capital of SR 2.5 billion

 






  MENA News Headlines
 Aug 1 2014 - India hires masked monkey men to combat macaque menaceKhaleej Times
(MENAFN - Khaleej Times) E very talented group of men has taken to wearing monkey masks imitating their whoops and barks and hiding behind trees to ward off the aggressive animals.India has hired a ...

 Aug 1 2014 - Isolated indigenous make contact with outside world in BrazilKhaleej Times
(MENAFN - Khaleej Times) Azilian experts said the indigenous people likely crossed the border from Peru facing pressure from illegal logging and drug trafficking at home.Isolated native people ...

 Aug 1 2014 - Hopes dim for India landslide survivorsKhaleej Times
(MENAFN - Khaleej Times) Out 160 people were thought to have been living in the dozens of damaged houses.Women mourn a victim of the landslide in Malin village of Pune district in western Maharashtra ...

 Aug 1 2014 - Indian nurses stuck in Libya to be shifted from todayKhaleej Times
(MENAFN - Khaleej Times) Acuation of Indians from the strife-torn Libya will begin on Friday with the first batch of 36 nurses from the southern state of Kerala moving to Tunisia in the morning on ...

 Aug 1 2014 - General Suhag takes over as the new India army chiefKhaleej Times
(MENAFN - Khaleej Times) Neral Dalbir Singh Suhag on Thursday took over as the new chief of the 1.General Suhag assumed charge after his predecessor handed over to him the Chief of Army Staff baton ...

 Aug 1 2014 - European Union formally adopts Russia sanctionsKhaleej Times
(MENAFN - Khaleej Times) E new measures finally agreed earlier this week after months of hesitation target Russias banking defence and energy sectors.The European Union formally adopted broad ...

 Aug 1 2014 - Train hits bus with bridal party in Bangladesh 10 killedKhaleej Times
(MENAFN - Khaleej Times) Lice said the accident occurred at an unguarded railway crossing allowing cars and buses to move freely across the track during the early hours of Friday.A train smashed into ...

 Aug 1 2014 - Gas blasts kill 24 injure 271 in TaiwanKhaleej Times
(MENAFN - Khaleej Times) E explosions believed to have been triggered by gas leaking from underground pipelines were powerful enough to upturn cars and tear open paved roads.Vehicles are left lying ...

 Aug 1 2014 - Friends CC GM score easy victories to enter Al Faraa T20 semisKhaleej Times
(MENAFN - Khaleej Times) The quarter-final matches Friends CC defeated Emistate by four wickets while GM CC coasted to a six-wicket victory over X Eleven.Friends CC defeated Emistate. — ...

 Aug 1 2014 - Romelu Lukaku lost focus as was not first choice says MourinhoKhaleej Times
(MENAFN - Khaleej Times) Joined Chelsea from Anderlecht for 18 million in 2011 but failed to make an impact at Stamford Bridge and spent the 2012-13 season on loan at West Bromwich Albion.Jose ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help