Azerbaijan Investment Company and Kuwait Finance House setting up an investment group

Azerbaijan Investment Company and Kuwait Finance House setting up an investment group
# 25 May 2007 11:41 (UTC +04:00)
Azerbaijan Investment Company and Kuwait Finance House have signed a memorandum of understanding. AIC press service told APA-Economics that the document envisions establishment of an investment organization which will finance a number of joint projects in Azerbaijan.
The new organizations will be owned by Azerbaijan Investment Company (25%) and Kuwait Finance House (75%).
Established in March 30, 2006 by a presidential decree, the 100% state owned Azerbaijan Investment Company is the main state investor in the country.
Kuwait Finance House (KFH) was established in the State of Kuwait in 1977, as the first bank operating in accordance with the Islamic Shar’a. APA-Economics/
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THE OPERATION IS BEING PERFORMED