| Targeting activities with controlled risks in growing | | | | Hadi says: "This partnership comes as part of the |
| sectors like real estate, three Middle Eastern | | | | Bank's strategic vision of building alliances and |
| financial institutions, namely Khaleej Finance and | | | | strong long term relationships with banks and |
| Investment (KFI) from Bahrain, Kuwait | | | | investment institutions in the GCC countries." |
| Investment Company (KIC) and Kuwait Finance | | | | Indian real estate continues to attract investment |
| House (KFH)-Baytak are promoting a US | | | | from abroad, such as the above, not just for |
| $200-million Sharia compliant fund for investing in | | | | residential / commercial projects, but |
| Indian. | | | | infrastructural ventures, as well. A nuclear family |
| In a joint statement, the three inform, there is a | | | | lifestyle that is fast catching on, a |
| 3 to 5-years investment period for the Fund, | | | | shop-till-you-drop attitude imparted by a strong |
| which has been partially underwritten by Warba | | | | growth Indian economy, has gone a long way to |
| Investment Company, and is a fund designed to | | | | ensure the developing Indian real estate sector, a |
| reach an internal rate of return (IRR) exceeding | | | | long sweet moolah raking love affair, for some |
| 25% at the end of a 5-year investment period. | | | | time to come. |
| Designed to help the bank go beyond the regional | | | | And again, it is a burgeoning economy that has |
| level, the fund constitutes a qualitative change KFI | | | | necessitated the desperate need for |
| activities, Nabil Hadi, CEO - KFI confirms: "Indian | | | | infrastructural growth, a need that has US, |
| Private Equity Fund will enable KFI to compete | | | | European, now include Middle Eastern firms to the |
| with major investment institutions worldwide." | | | | growing list, drooling at the mega bucks to be |
| Commenting on the KFI, KIC, KFH partnership, | | | | made in a developing Indian real estate market. |