Kuwait-Mubasher: The funds to be contributed by Kuwait Finance House (KFH) for financing Clean Fuels Project will reach KWD 300 million ($997.31 million), representing the full share of Islamic banks, according to a bourse statement.
KFH was selected among leading banks to arrange for funding the Kuwait National Petroleum Company’s project through a long-term loan worth KWD 900 million ($2.99 billion).
The bank clarified it would sell part of the financing in the future.
KFH stock added 1.01% to reach 500 fils, before the end of Thursday’s trading session as 2.47 million shares were traded with liquidity worth KWD 1.24 million.
