KFH plans financing schemes with ECER

KUALA LUMPUR: Kuwait Finance House (KFH) is working on a master programme
which contains several financing initiatives within the East Coast Economic Region
(ECER), said its managing director Datuk K Salman Younis.
“KFH is in discussions with Terengganu Inc, the state’s investment company and its
related companies on financing opportunities with the relevant companies and the
ECER Committee.
“We have looked into specific financing opportunities for some of the related
companies ranging from infrastructure, oil and gas, shipping, plantation and IT,” he
said, adding that KFH is currently involved in financing a flight training school and a
garment manufacturer in Kota Bharu.
On plans for retail branches within the ECER, Younis said KFH will evaluate the
feasibility of setting up retail branches based on the success of its corporate,
investment and commercial business there.
One of the largest Islamic banks in the world, KFH’s projects in Malaysia include
establishing a fund investing US$330 million (RM1.06 billion) for the Cultural Cluster
comprising the Logistics Village, Creative Park and Heritage District covering 620
acres (250.9 hectares) in the Iskandar Development Region.
Other significant projects include financing for developments such as the Glomac
Tower, The Avare and The Oval in Kuala Lumpur City Centre; Kuala Lumpur Sentral
Sdn Bhd; The One in Penang Cyber City; and the underwriting of the sale of 30
bungalow units in Batu Uban, Penang.