Bank Of Baku

Turkapital to set up investment companies in Turkey and CIS

Turkapital to set up investment companies in Turkey and CIS
# 30 March 2009 12:10 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Kuwait Finance House-owned Turkapital Holding plans to set up investment companies in Turkey and CIS area.
Turkapital Board Director Fawaz Al-Issa said new ventures may be established in 2009 after deep market research.
Turkapital Holding today signed an agreement with Azerbaijan Investment Company to set up a joint investment company – Kuwait-Azerbaijan Investment Company.
Turkapital will take a 75% share, leaving 25% to the AIC. The initial capitalization will be $500 000 with an option of increase to $20 million within 2 years.
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