SFS and Kuwait Finance House to launch shipping fund
Cyprus listed SFS Group and Kuwait Finance House (Malaysia) aim to launch a USD 150 mn fund. Fund's objective is to invest directly in shipping assets and primarily in vessels to be chartered out on a long-term basis to top league charterers. The fund will be established through a limited partnership in the Cayman Islands before the end of 2009.
Ab Jabar Ab Rahman is the deputy chief executive officer of Kuwait Finance House (Malaysia) Berhad.
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