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« Pakistan needs $110 billion over five years: IPDF | Main | ASEAN to set up transport infrastructure fund »

April 13, 2009

Bahrain's GFH seeking $600 million for energy cities

By Raissa Kasolowsky

MANAMA (Reuters) - Bahrain-based Islamic investment bank Gulf Finance House (GFH) GFHB.BH is seeking $600 million for energy projects in Libya and Kazakhstan this year, a company executive said on Monday.

The investment bank was unlikely to raise more than a total of $1 billion in funds in 2009, compared with $1.8 billion raised in the previous year, Nabeel Kazerooni, head of private equity, told the Reuters Islamic Banking and Finance Summit in Bahrain.

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Posted by boyang at April 13, 2009 5:44 AM