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Article: KUWAIT: SETTING UP AN FUND FOR INVESTMENTS IN REAL ESTATE IN THE UNITED STATES.(Brief Article)
- Article from:
- IPR Strategic Business Information Database
- Article date:
- June 2, 2002
CopyrightCOPYRIGHT 2002 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A-Sharq Al-Awsat newspaper quoted the Director of the Financing House Bank- Kuwait, Jasar Dakhil al-Jasar, who announced in mid-March 2002 the setting up of a new company for investments in real estate in the United States with an initial capital of $120 million. He added that the bank intends to change the status of this new company to an investment fund in real estate, the fourth such fund of the bank in the United States, ...