VOL. XLI

No. 16

20-April-1998

KUWAIT

KFH Launches New Fund

The Kuwait Finance House (KFH) announced on 12 April that it has opened subscriptioninto a new investment fund, registered in Kuwait, which will invest in companies run alongIslamic principles and whose activities comply with the Sharia. The "Arzaq"(Fortunes) fund is open for subscription by companies and individuals, foreigners orKuwaitis, residents and non-residents. It will have an initial capital of KD5mn ($16.4mn),which can be...