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Ithmaar Bank launches $1bn energy fund
- Bahrain: Tuesday, May 20 - 2008 at 09:21
Bahrain-based Ithmaar Bank has launched a $1bn energy fund in partnership with Kazyna Capital Management. The fund is expected to have a term of 10 years. It will target Kazakhstan and the Commonwealth of Independent States' surging requirement for investment in the energy sectors and is expected to act as the catalyst for capital investment of up to $10bn.
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Jeff Florian, Senior ReporterTuesday, May 20 - 2008 at 09:21 UAE local time (GMT+4)
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