Friday, February 6, 2009

Kuwait Finance Malaysia gets $300 mln capital boost

Islamic bank Kuwait Finance House Malaysia said on Friday it has received a $300 million capital injection from its parent.

That leaves the bank, a subsidiary of Kuwait Finance House , Kuwait's biggest Islamic lender, with paid-up capital of $500 million.

''The strong liquidity and capital position enables us to look at and seriously evaluate various investment opportunities in Malaysia and within the region,'' K. Salman Younis, Kuwait Finance Malaysia Managing Director said in a statement.

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