KUWAIT

 

Kuwait Finance House Completing Aref Energy Buyout

 

Aref Energy Holding (AEH) has stakes in energy firms globally, including Kuwait Energy Company (KEC), and plans to build a gas-to-liquids (GTL) plant in Iraq. It is being 100% bought out by Kuwait Finance House – a heavyweight in Islamic banking – through its Development Enterprises Holding Company. AEH is a subsidiary of Kuwaiti conglomerate Aref Investment Group and spearheads the group’s energy...