Latest News
- For The Expansion Of The Subiya Site, 204.178 Million Dinars And...
- Ministry Of Education Allocates 60 Million Dinars For Employee R...
- The Public Prosecution Detains Two In A Probe Into The Kuwaiti S...
- Kuwait Announces Key New Appointments In Security Departments
- A Hacking Claim Is Being Investigated By Kuwait Airways
- Jahra Shops Were Issued 5 Citations And 16 Warnings
- A Model Healthy City In Hawalli Governorate
- 13 More Eurofighter Jets To Be Delivered To Kuwait In 18 Months...
- Economic Transformation Urged In Kuwait
- Kuwaitis Can Visit Antigua And Barbuda Without A Visa For A Mont...
- Adverts For Illegal Polls Are Fined KD 5,000
- Hefty Fined For Two Doctors For Causing The Death Of A Kuwaiti M...
Kuwait Finance House Buys Us Office Tower For 165mn Dollars
KFH Capital Investment Co, a subsidiary of Kuwait Finance House, has announced the acquisition of an office tower in New Jersey, US for $165 million.
The building is fully rented by Panasonic Corporation of North America for a period of 15 years and is a significant centre for the company in terms of marketing, sales, services, research and development throughout North America, a statement said.
Abdul-Aziz Nasser Al-Marzouq, KFH Capital's CEO, said that an investment fund managed by KFH Capital closed the deal . Al-Mazouq said that the property is an office building of 12 floors with total rental space of 337,543 square feet and is about 8 miles from Manhattan in New York City.
Kuwait Finance House, the country's biggest Islamic lender, last month reported a 20.5 percent rise in third-quarter net profit, as income from finance, investments and fees rose and expenses dipped  Net profit rose to 52.3 million dinars ($172.9 million) in the three months to Sept. 30, from 43.4 million dinars in the same period a year ago.
Â
SOURCE : ARABIANBUSINESS
Trending News
-
MoI Urges Biometric Fingerprinting Compliance Ahea...
21 March 2024
-
5 Days Holiday For Eid Al-Fitr Begins On April 9th
25 March 2024
-
Over 120,000 Expat Offenders Will Benefit From Kuw...
14 March 2024
-
Kuwait Offering Amnesty To Illegal Expats
17 March 2024
-
From April 1 To July 1, Kuwait Grants Amnesty To V...
14 March 2024
-
Sponsorship Requirements In Kuwait: Time To Embrac...
13 March 2024
-
Kuwaiti Banks Elevate Non-Resident Credit To 4.17...
18 March 2024
-
Central Bank Of Kuwait Provides Banks With New Ba...
20 March 2024
-
Banks In Kuwait Report Robust Profits Despite The...
21 March 2024
-
Kuwait's Clean Energy Journey: Progress And Challe...
23 March 2024
Comments Post Comment